Active
3913 N Central Avenue
Chicago IL, 60634
$1,590,000
Active
Commercial
Built in 1971
Courtesy of EXIT Strategy Realty
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.
12029768
MLSⓇ ID
April 15, 2024
Listed
May 11, 2024
Updated
Map
3913 N Central Avenue
Chicago IL, 60634
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Wall Sleeve
Heating
No
Exterior/Building Features
Lot Size
0.16 Acres
Roof
Composition
Other Property Details
Area Name
CHI - Portage Park
Taxes
$11,728
Tax Frequency
Annually
Days on Market
8
Garage
No
View
No
County
Cook
Municipality
Jefferson
Pool
No
Zoning
MULTI
Buyer Agency Compensation
2% - $395
Courtesy of EXIT Strategy Realty, Enkhbaatar Enkhzul,
Listing Contact: 312-554-5478
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Kathie Bock are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 5/11/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
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Data last updated 2:36 AM UTC, 5/11/2024
