NOT LISTED FOR SALE

3831 N Central Park Ave Chicago, IL 60618

Irving Park Neighborhood
5 Beds
3 Baths
2,352 Sq Ft
3,485 Sq Ft Lot

Last Sold July 13, 2021

Last sale price $520,000 $221 Per Sq Ft

12 Days on Market

Highlights

  • Property is near a park
  • Den
  • Porch
  • Tennis Courts
  • 1 Car Detached Garage
  • 4-minute walk to Athletic Field Park

About This Home

As of July 2021

This two-unit building sitting on a wide lot is ideally situated within the highly sought-after community of Independence Park! Rarely in the city do you find a neighborhood with such a strong sense of community - driven by longtime residents, balanced mix of housing stock, multiple parks and playgrounds, and quiet tree-lined streets. All our favorite things will be back before long; make sure you are in the right place to enjoy the farmer's market, pancake breakfast, movies in the park, activities for kids, and more. Absolute options for the commuter: CTA blue line (Addison stop), Metra (Irving Park stop), CTA buses (Addison/Kimball/Pulaski/Irving Park), Kennedy Expressway (90/94). The location delivers on everyday needs as well: restaurants, breweries, groceries, and shops are all readily accessible. All the major work on this property is done - ready for a new owner to move in and cover your mortgage with income from the other unit, or just cash flow as a fully rented investment property. Light and bright inside. First floor ($1650/mo) features 2 Beds/1 Bath while the top floor ($2130/mo) duplex up operates as 3 Beds/2 Baths with den for office space. Garage plus parking pad provides 2 spots for cars. Clean and dry basement contains storage, laundry, and mechanicals. View 3D tour to appreciate the space. Inquire further for full list of improvements and pro forma financials. This is a superb chance to begin your wealth creation plan as an owner-occupier or simply add to your portfolio for the cash flow!

Last Agent to Sell the Property

Marc Bahnsen

Compass License #475177057 Listed on: 05/13/2021

Compass

Last Buyer's Agent

Chi Zhang

Coldwell Banker Realty License #475146859

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,384

Year Built

  • Built in 1911 | Remodeled in 2016

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 125 x 30
  • Paved or Partially Paved Lot

Parking

  • 1 Car Detached Garage
  • Carport
  • Alley Access
  • Garage Door Opener
  • Additional Parking
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Entrance Foyer
  • Den
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storm Screens

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Patio
  • Porch

Location

  • Property is near a park

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 2 Units
  • Independence Park Subdivision

Recreation

  • Tennis Courts

Building Details

  • Gross Income $45,360
  • Net Operating Income $9,919

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,384

Year Built

Built in 1911 | Remodeled in 2016

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: Independence Park
  • Year Built: 1911
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2016
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Other Equipment: Ceiling Fan(s)
  • Room Type: Den, Foyer
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors,Walk-In Closet,Oven/Built-in
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Hardwood Floors,Skylights/Windows,Walk-In Closet,Oven/Built-in

Exterior Features

  • ExteriorFeatures: Patio, Porch, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 459000
  • OtherStructures: Garage(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame,Shingle Siding,Combination

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Additional Parking, Alley Access
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s),Carport
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Community Features: Park, Tennis Court(s), Sidewalks, Street Lights, Street Paved

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 125 X 30
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 9919
  • GrossIncome: 45360
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat,3 Flat

Tax Info

  • Tax Annual Amount: 8384.16
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
07/13/2021 07/13/21 Sold $520,000 +13.3% $221 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
05/19/2021 05/19/21 For Sale -- -- --
05/18/2021 05/18/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $459,000 -- $195 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Marc Bahnsen

    Seller's Agent in 2021

    Marc Bahnsen

    Compass

    (312) 203-9905

    1 in this area

    43 Total Sales

    Section Image
  • Chi Zhang

    Buyer's Agent in 2021

    Chi Zhang

    Coldwell Banker Realty

    (773) 459-4430

    1 in this area

    65 Total Sales

    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11086650

Midwest Real Estate Data (MRED)

APN: 13232080100000

Illinois Cook County Chicago 60618 Irving Park

3831 N Central Park Ave, Chicago, IL

This home is located at 3831 N Central Park Ave, Chicago, IL 60618 since 13 May 2021. This property was built in 1911. 3831 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Some IDX listings have been excluded from this website.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes