$1,590,000
3913 N Central Avenue
Chicago, IL, 60634
Nestled in the vibrant Portage Park area, this property features an 8 unit building with a footprint of a 9 unit structure. The offering includes a spacious former owner’s unit comprising 8 rooms, four bedrooms, and one and a half baths, along with a mix of other large units: (2) 5 room, two bedroom, one bath units, (3) 4 room, two bedroom, one bathroom units, and (2) 3 room, one bedroom, one bath units. The property boasts recent upgrades, including a roof, hot water heater, and boiler that were replaced in the last 5 years, as well as 10 year old windows. Within the past year, the entry doors, doorbells, and intercom system have been renewed, ensuring a modern and secure living environment for tenants. Moreover, the convenience of a 2.5 car garage, 3 surface parking spots, and on-site laundry facilities adds to the property’s appeal and tenant satisfaction. This investment opportunity presents the allure of “armchair management,” with units in good condition and potential for rent increases upon turnover. The option to reconfigure the former owner’s unit into separate two-bedroom and one-bedroom units offers an enticing avenue for increased income generation. In summary, this property not only promises stable returns but also provides a solid foundation for further value enhancement in the heart of sought-after Portage Park.
Property Details
Price:
$1,590,000
MLS #:
MRD12029768
Status:
Active
Beds:
0
Baths:
0
Address:
3913 N Central Avenue
Type:
Commercial
City:
Chicago
Listed Date:
Apr 15, 2024
State:
IL
ZIP:
60634
Year Built:
1971
Schools
Interior
Cooling
Wall Sleeve
Exterior
Construction Materials
Brick
Roof
Composition
Financial
Buyer Agent Compensation
2% – $395Net Sale Price
Tax Year
2022
Taxes
$11,728
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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3913 N Central Avenue
Chicago, IL
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