Search
$299,000
2 Units
$1,966 Monthly Income
1623 S Drake Avenue, Chicago, IL
$275,000
1609 S Central Park Avenue, Chicago, IL 60623
12 Beds
4 Baths
- Sq. Ft.
ATTENTION INVESTORS/SWEAT EQUITY SEEKERS! This all-brick 3-flat is a true cash-flow opportunity with 12 total bedrooms and 4 full bathrooms, a rare find with incredible income potential. The first unit is a spacious duplex featuring 5 bedrooms and 2 bathrooms, with 3 bedrooms above grade and 2 below. The second unit offers 4 bedrooms and 1 full bathroom, while the third unit includes 3 bedrooms and 1 bathroom. All utilities are separate, making this an investor's dream. Located directly across from Dvorak Elementary School and just minutes from the Pink Line and bus stop, this property is in a high-demand rental area. Easy access to the Medical District, Douglass Park, and shopping adds to its appeal. The property needs work and is being sold as-is, with no warranties or repairs. Agent-owned interest applies. Agents read broker private remarks. Don't miss this incredible investment opportunity! It will be Your Smartest Move!
Overview for 1609 S Central Park Avenue
Number of Units3
Taxes$5,081
Sq. Footage-
Lot Size0.07 Acres
Bedrooms12
Bathrooms4
Laundry-
Neighborhood
Unit Floor Level-
Property StatusActive
Property TypeTwo to Four Units
MLS #12288500
List DateFeb 11, 2025
Days on Market35
Investment Details for 1609 S Central Park Avenue
| Unit # | Floor Level | Sq Ft | Rooms | Beds | Baths | Sec Deposit | Rent | Lease Exp |
|---|---|---|---|---|---|---|---|---|
| Unit #1 | 1 | 0 | 7 | 5 | 2 | $0 | VAC | |
| Unit #2 | 2 | 0 | 6 | 4 | 1 | $0 | VAC | |
| Unit #3 | 3 | 0 | 5 | 3 | 1 | $0 | VAC |
Financial Info for 1609 S Central Park Avenue
- Gross Income-
- Annual Net Operating Income-
- Other Income-
- Other Expense-
- Janitor Expense-
- Water Expense-
- Repairs / Decor Expense-
- Fuel Expense-
- Trash Expense-
- Manager Expense-
- Electricity Expense-
- Insurance Expense-
Interior Features for 1609 S Central Park Avenue
Bathroom Information
- # of Baths: 4
Heating and Cooling
- Heating Fuel: Forced Air 0
School information for 1609 S Central Park Avenue
- Elementary School-
- Elementary School District299
- Middle or Junior School-
- Middle or Junior School District299
- High School-
- High School District299
Payment Calculator for 1609 S Central Park Avenue
$2,004 per month 30 Years Fixed
Principal and Interest $1,580.681
Property Taxes $423.409
HOA Dues $0
/month
/month
Exterior, Parking & Pets for 1609 S Central Park Avenue
- Lot Size25X125
- Lot Size (Acres)0.07
- OwnershipFee Simple
- Built before 1978Yes
- Age100+ Years
- ExteriorStone
- RoofAsphalt
- PoolNo Private
- WaterfrontNo
- Parking
- # Of Cars: 2
- Parking Type: Space/s
- Parking details: Unassigned
Similar Listings for 1609 S Central Park Avenue
$270,000
2 Units
$ - Monthly Income
1824 S Springfield Avenue, Chicago, IL
$315,000
2 Units
$2,475 Monthly Income
1242 S Central Park Avenue, Chicago, IL
$300,000
-
-
-
3708 W Roosevelt Road, Chicago, IL
Schools near 1609 S Central Park Avenue
Enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home
| School Information | Type | Grades | Rating |
|---|---|---|---|
Dvorak Technology Academy  0.0 ml | Public | KG-8 |   2 |
Herzl Elementary School 0.3 ml | Public | PK-8 | 2 |
North Lawndale Preparatory Charter - Christiana 0.3 ml | Public | 9-12 | 3 |
Lawndale Elementary Community Academy 0.3 ml | Public | KG-8 | 2 |
Legacy Elementary Charter School 0.3 ml | Public | KG-8 | 4 |
Facts for 1609 S Central Park Avenue
As of 03/19/2025, 1609 S Central Park Avenue in Chicago Illinois is listed for $275,000 and has been on the market for 35 days. 1609 S Central Park Avenue has 12 bedrooms, 4.0 bathrooms, and 0 square feet. There are currently 12 12-bedroom, 4.0-bathroom Two to Four Unitss in Chicago, which have an average asking price of $462,216. The highest-priced 12-bedroom, 4.0-bathroom Two to Four Units in Chicago is $659,800, while the lowest-priced 12-bedroom, 4.0-bathroom Two to Four Units is asking $275,000.
Listing Office: New Avenue Realty LLC
312-444-0981
312-444-0981
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Fulton Grace Realty are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.