NOT LISTED FOR SALE
5 Beds
2 Baths
-- Sq Ft
1903 Built

Sale Details

Date Sold: May 9, 2024

Last sale price $230,000

3 Days on Market

Highlights

  • Home Security System
  • Ceiling Fan
  • 4-minute walk to Central Park
  • Forced Air Heating System

About This Home

As of May 2024

***Final and Best due by 5pm on Wednesday, March 6th, 2024*** Brick two-flat with an unfinished basement and excellent ceiling height. Per the Chicago Zoning map, the lot is oversized(3,706 SqFt) and zoned RT-4. Unit 1 is a 2 bedroom, 1 bathroom. Unit 2 is a 2 bedroom, 1 bathroom. The building has 2 gas meters, 3 electric meters, 2 hot water heaters, and 2 furnaces. Perfect property for an investor who is looking to add some sweat equity. Live in one unit, rent out the other, or duplex down to expanding unit 1. The building is empty- no tenants. The property is being sold as-is, cash or renovation convention style loan is preferred. Seller will not make any repairs and will not pass FHA inspection or convention loan. Both furnaces are working and heat is on. 0.4-5 block walk to the Garfield Park Conservatory and Lake St El stop, a short drive to I290, West Loop, Fulton Market, MedicalDistrict, and downtown Chicago. The Photos are from a different building (546 N Central Park). 540 N Central Park has similar finishes and in similar condition as the photos of 546 N Central Park.

Last Agent to Sell the Property

Mark Buckner

Compass License #475154865 Listed on: 03/03/2024

Compass

Last Buyer's Agent

Jose Campoverde

Chicagoland Brokers, Inc. License #475130449

Chicagoland Brokers, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,954

Year Built

  • Built in 1903 | Remodeled in 2007

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Home Security System

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Space is Owned

Lot Details

  • Lot Dimensions are 25x125

Utilities

  • Forced Air Heating System
  • Lake Michigan Water

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,954

Year Built

Built in 1903 | Remodeled in 2007

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Year Built: 1903
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2007
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2007

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Other Equipment: Security System, Ceiling Fan(s)
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0

Exterior Features

  • Foundation Details: Brick/Mortar
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • OpenParkingSpaces: 2
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Lake Michigan

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 2954.14
  • Tax Year: 2022
  • Tax Exemptions: Homeowner,Other

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2024
Closed on
May 9, 2024
Sold by
Bought by
Seller's Agent
Mark Buckner
Compass
Buyer's Agent
Jose Campoverde
Chicagoland Brokers, Inc.
List Price
$175,000
Sold Price
$230,000
Premium/Discount to List
$55,000
31.43%
Views
211

Purchase Details

Closed on
Jun 24, 2015
Sold by
Bought by

Purchase Details

Closed on
Feb 13, 2014
Sold by
Bought by

Purchase Details

Closed on
Oct 10, 2013
Sold by
Bought by

Purchase Details

Closed on
May 30, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,200
Interest Rate
0.0849%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 6, 2001
Sold by
Bought by

Purchase Details

Closed on
May 15, 2001
Sold by
Bought by

Purchase Details

Closed on
Sep 5, 2000
Sold by
Bought by

Purchase Details

Closed on
Jun 19, 1998
Sold by
Bought by

Purchase Details

Closed on
Jun 8, 1998
Sold by
Bought by

Purchase Details

Closed on
Mar 26, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Proper Title
-- Git
-- None Available
-- None Available
$158,000 Stewart Title Company
$63,000 --
$48,000 --
-- --
-- Ticor Title Insurance
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $142,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/09/2024 05/09/24 Sold $230,000 0.0% --
03/07/2024 03/07/24 Pending -- -- --
03/06/2024 03/06/24 Off Market $230,000 -- --
03/03/2024 03/03/24 For Sale $175,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,062 $23,000 $4,486 $18,514
2024 $3,062 $23,000 $4,486 $18,514
2023 $2,954 $17,785 $3,636 $14,149
2022 $2,954 $17,785 $3,636 $14,149
2021 $2,906 $17,783 $3,635 $14,148
2020 $1,833 $11,331 $3,635 $7,696
2019 $1,928 $13,025 $3,635 $9,390
2018 $1,894 $13,025 $3,635 $9,390
2017 $3,669 $20,419 $3,248 $17,171
2016 $3,590 $20,419 $3,248 $17,171
2015 $3,261 $20,419 $3,248 $17,171
2014 $821 $4,681 $3,094 $1,587
2013 $2,971 $18,966 $3,094 $15,872
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11994761

Midwest Real Estate Data (MRED)
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