NOT LISTED FOR SALE

3730 N Central Park Ave Chicago, IL 60618

Irving Park Neighborhood
12 Beds
8 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold December 23, 2019

Last sale price $850,000

38 Days on Market

Highlights

  • Multiple Garages
  • 5-minute walk to Addison Station (Blue Line)
  • Fenced Yard
  • Deck
  • Traditional Architecture
  • 2-minute walk to Independence Park

About This Home

As of December 2019

RARELY AVAILABLE, TRUE 4-UNIT BUILDING on a DOUBLE LOT (50 x 125 ft) with beautiful center entrance in a highly desirable Irving Park location just 5 blocks from Independence Park! This building is a money maker with a CAP Rate of 7... and it doesn't get better for an easy-to-rent location- just 2 blocks from the Blue Line Addison Stop, close to the Metra, & easy access to a plethora of shopping & restaurants & 90/94 as well (perfect for commuters & getting to the airport). This beautiful building has recently had over $150,000 in updates including all brand new back decks & stairs, a brand new built-out 4BR, 2BTH Duplex Down, 2 new furnaces, all new hot water heaters & a drain tile system as well. All units are separately metered & tenants pay all their own utilities! With almost $82,000 in yearly income (from coin laundry & rents) & room for rent increases through continued cosmetic updates to the apartments this building represents an opportunity for a solid investment in a solid location with great returns for years to come!

Last Agent to Sell the Property

Michael Hall

Baird & Warner License #475148426 Listed on: 09/24/2019

Baird & Warner

Last Buyer's Agent

Tao Duan

Concentric Realty, Inc License #475173287

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,579

Year Built

  • Built in 1914

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50 x 125
  • Fenced Yard

Parking

  • 4 Car Detached Garage
  • Multiple Garages
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 8 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Multiple Water Heaters

Additional Features

  • Basement Fills Entire Space Under The House
  • Deck

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $325
  • Fuel Expense $350
  • Insurance Expense $3,500
  • Trash Expense $1,000
  • Water Sewer Expense $2,000
  • Gross Income $81,780
  • Net Operating Income $62,276

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,579

Year Built

Built in 1914

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Year Built: 1914
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 8
  • Total Bedrooms: 12
  • Other Equipment: Multiple Water Heaters
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 8
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 6

Exterior Features

  • ExteriorFeatures: Deck
  • List Price: 888900
  • Lot Features: Fenced Yard
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 4
  • ParkingTotal: 4
  • Garage Details: Garage Door Opener(s),Multiple Garages
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan, Public

Fee Information

  • Trash Expense: 1000
  • Water Sewer Expenses: 2000
  • Other Expenses $: 1750
  • Trash Expense Year: 2018

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.14
  • Lot Dimensions: 50 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 62276
  • Fuel Expense: 350
  • Insurance Expense: 3500
  • ElectricExpense: 325
  • GrossIncome: 81780
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 10579
  • Tax Year: 2017
  • Tax Exemptions: None

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2019 12/23/19 Sold $850,000 -4.4% --
11/01/2019 11/01/19 Pending -- -- --
10/16/2019 10/16/19 For Sale $888,900 +4.6% --
10/12/2019 10/12/19 Off Market $850,000 -- --
09/24/2019 09/24/19 For Sale $888,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Hall

    Seller's Agent in 2019

    Michael Hall

    Baird Warner

    (773) 398-4359

    1 in this area

    207 Total Sales

    Section Image

  • T

    Buyer's Agent in 2019

    Tao Duan

    Concentric Realty, Inc

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10527923

Midwest Real Estate Data (MRED)

Illinois Cook County Chicago 60618 Irving Park

3730 N Central Park Ave, Chicago, IL

This home is located at 3730 N Central Park Ave, Chicago, IL 60618 since 24 September 2019. This property was built in 1914. 3730 N Central Park Ave is a home located in Cook County with nearby schools including Murphy Elementary School, Schurz High School, and CICS Irving Park.

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