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$489,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 9 Total Beds
  • 2 Car Garage
  • Updated 7 hours ago
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Well-maintained 4-unit building located in the heart of Little Village. All units are in great condition with a desirable unit mix consisting of three 2-bedroom / 1-bath units and one 3-bedroom / 1-bath unit. The property features separate utilities throughout, including four individual HVAC heating units, four water heaters, and four electrical panels, providing efficient management and reduced owner expenses. Tenants pay all utilities except water, which is the only utility paid by the owner. Three units are currently rented to long-term tenants, offering stable income, while one unit is vacant, creating an excellent opportunity for investors or owner-occupants looking to house hack by living in one unit while collecting rental income from the others. Additional highlights include a 2-car garage and a solid, low-maintenance setup in a strong rental market. Ideal for buyers seeking a cash-flowing multifamily property with upside potential.

Full Property Details for 3031 S Central Park Ave

General

  • Price: $489,900
  • HOA FEE: $3,000
  • Taxes: $4,561 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12570601
  • Updated: Today (2/20/2026)
  • Added to Site: Today

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Upper - Full Baths: 4

Bedrooms

  • Total Bedrooms: 9

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage

Location

  • Area: CHI - South Lawndale
  • County: Cook
  • Township: Lake
  • Driving Directions: 31st to Central Park, then go North to the property

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Construction: Vinyl Siding, Brick
  • Exterior Const.: Vinyl Siding, Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Year Built: 1908
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 3125

Financial Considerations

  • Maint. Fee: $3,000
  • Insurance Fee: $2,263
  • Parking Included: Yes
  • Assessment Year: 1908
  • Tax Amount: $4,561.76
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 16264240130000

Listed by Pearson Realty Group

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Listing agent

— 3031 S Central Park Ave —

  • Pearson Realty Group

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 3031 S Central Park Ave

School District:Chicago Public School District 299
NameGradesDistance
Gary Elementary School, Chicago, IL
3740 West 31st Street, Chicago, IL 60623
3-80.2 mi
Ortiz De Dominguez Elementary School
3000 South Lawndale Avenue, Chicago, IL 60623
PK-20.2 mi
Farragut Career Academy High School
2345 South Christiana Avenue, Chicago, IL 60623
9-110.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3031 S Central Park Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/20/2026
Listed
$489,900
122.68%
MLS
9/15/2004
Sold
$220,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3031 S Central Park Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,465
3%
$14,999
—
2022
$2,382
2%
$14,999
—
2021
$2,346
-29%
$14,999
-16%
2020
$3,282
-6%
$17,837
-14%
2019
$3,478
2%
$20,741
—
2018
$3,418
-11%
$20,741
-2%
2017
$3,829
2%
$21,164
—
2016
$3,739
10%
$21,164
—
2015
$3,398
22%
$21,164
21%
2014
$2,775
2%
$17,527
—
2013
$2,710
-14%
$17,527
—
2012
$3,145
—
$17,527
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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3031 S Central Park Avenue, Chicago, IL 60623 (MLS# 12570601) is a Multi-Family property with 4 units containing 9 bedrooms and 0 full bathrooms. 3031 S Central Park Avenue is currently listed for $489,900 and was received on February 20, 2026. Want to learn more about 3031 S Central Park Avenue? Do you have questions about finding other Multi-Family real estate for sale in South Lawndale? You can browse all South Lawndale real estate or contact a Coldwell Banker agent to request more information.

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