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3913 N Central Avenue, Chicago, IL 60634
$1,590,000
3913 N Central Avenue, Chicago, IL 60634View this property at 3913 N Central Avenue, Chicago, IL 60634
3913 N Central AvenueChicagoIL60634
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Property Description
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.
Full Property Details
Full Property Details for 3913 N Central Ave
General
- Price: $1,590,000
- Taxes: $11,728 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 12029768
- Updated: 4/21/2024
- Added to Site: 14 day(s) ago
Location
- Area: CHI - Portage Park
- County: Cook
- Township: Jefferson
- Driving Directions: Head South bound on Central Ave towards Irving Park Rd. Property is on the east side of Central Ave.
Heating & Cooling
- Cooling Type: Wall Sleeve
- Heating Type: Hot Water
Utilities
- Trash: 3036
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Roof: Composition
- Stories/Levels: 2
- Year Built: 1971
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 8
- Units w/Range/Oven: 8
- # Dryers: 2
Lot Features
- Lot Size (Sq. Ft.): 7,126
- Lot Dimensions: 57*125
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $7,000
- Operating Expenses: $42,003
- Assessment Year: 1971
- Tax Amount: $11,728
- Tax Year: 2022
- Tenant Pays: Electricity
- Pays Electric: 700
- Pays Trash: 3036
Disclosures and Reports
- Property ID: 13211040420000
Listed by EXIT Strategy Realty
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Schools
Schools serving 3913 N Central Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
3730 N Laramie Ave, Chicago, IL 60641 | PK-8 | 0.5 mi | |
3601 N Milwaukee Ave, Chicago, IL 60641 | 9-12 | 1.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3913 N Central Ave
Date
Details
Price
Change
Source
4/15/2024
Listed
$1,590,000
—
MLS
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
Tax History for 3913 N Central Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$11,728
2%
$57,022
—
2021
$11,467
14%
$57,022
26%
2020
$10,097
11%
$45,324
—
2019
$9,106
2%
$45,324
—
2018
$8,953
-7%
$45,324
2%
2017
$9,583
7%
$44,518
—
2016
$8,916
9%
$44,518
—
2015
$8,158
13%
$44,518
14%
2014
$7,218
2%
$38,901
—
2013
$7,075
1%
$38,901
—
2012
$6,981
—
$38,901
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3913 N Central Ave
3913 N Central Avenue, Chicago, IL 60634 (MLS# 12029768) is a Commercial property. 3913 N Central Avenue is currently listed for $1,590,000 and was received on April 15, 2024. Want to learn more about 3913 N Central Avenue? Do you have questions about finding other Commercial real estate for sale in Portage Park? You can browse all Portage Park real estate or contact a Coldwell Banker agent to request more information.