FOR SALE
$1,590,000

3913 N Central Avenue
Chicago, IL 60634

Multi-Family, Business Opportunities
Commercial
0.163
Acre Lot
Courtesy: EXIT Strategy Realty
CB Today> Illinois> Chicago> 60634
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
Commercial - Multi-Family, Business Opportunities, 2 Story
1971
Cook
0.163 Acres
2
Brick
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: EXIT Strategy Realty
Listings courtesy of MRED as distributed by MLS GRID

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This content last refreshed on 4/29/2024 1:36 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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