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5047 N Central Park Avenue, Chicago, IL 60625
$2,295,000
5047 N Central Park Avenue, Chicago, IL 60625View this property at 5047 N Central Park Avenue, Chicago, IL 60625
5047 N Central Park AvenueChicagoIL60625
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Property Description
Rarely available 12 unit apartment building located right along the river in Chicago! The property consists of 12 apartments which includes (9) 2 Bed/1 Bath Units and (3) 3 bed/1 Bath units. There are 7 parking spaces which can accommodate most of the renters vehicles. Building features include a laundry room on site generating additional income, storage rooms for tenants, maintenance room, and bike room. Current owners have recently rehabbed all apartments and installed new modern kitchens, bathrooms and fixtures. Additionally, the building features new horizonal risers and vertical risers, new windows, new concrete sidewalks and parking pad in rear, newly painted and carpeted stairwells and new boiler ( Dec 2023). This property is turn key and will be an excellent investment for any buyer.
Full Property Details
Full Property Details for 5047 N Central Park Ave
General
- Price: $2,295,000
- HOA FEE: $9,500
- Taxes: $21,002 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 12030799
- Updated: 4/22/2024
- Added to Site: 13 day(s) ago
Interior
- Interior Features: Laundry Room
Location
- Area: CHI - North Park
- County: Cook
- Township: Jefferson
- Driving Directions: Building is South of Foster and North of Argyle street on East side of Central Park.
- Location Details: Riverfront
Heating & Cooling
- Heating Type: Central Building Heat, Radiators
Utilities
- Trash: 3571
Structural Information
- Exterior Const.: Brick
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1923
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 12
- Units w/Range/Oven: 12
- # Dryers: 2
Lot Features
- Lot Size (Acres): 0.23
- Lot Size (Sq. Ft.): 10,082
- Lot Dimensions: 58 x 125 x 148 x 154
Financial Considerations
- Maint. Fee: $9,500
- Insurance Fee: $6,587
- Operating Expenses: $57,307
- Assessment Year: 1923
- Tax Amount: $21,002
- Tax Year: 2022
- Tenant Pays: Electricity
- Pays Electric: 886
- Pays Trash: 3571
Disclosures and Reports
- Property ID: 13114080004000
Listed by @properties Christie's International Real Estate
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Schools
Schools serving 5047 N Central Park Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
4950 N Avers Ave, Chicago, IL 60625 | PK-8 | 0.4 mi | |
3436 W Wilson Ave, Chicago, IL 60625 | 9-12 | 0.6 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 5047 N Central Park Ave
Date
Details
Price
Change
Source
4/16/2024
Listed
$2,295,000
141.58%
MLS
3/30/2017
Sold
$950,000
—
Public Record
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 5047 N Central Park Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$21,003
2%
$101,751
—
2021
$20,528
4%
$101,751
15%
2020
$19,813
10%
$88,632
-1%
2019
$18,001
51%
$89,298
48%
2018
$11,956
5%
$60,330
14%
2017
$11,425
7%
$52,896
—
2016
$10,630
9%
$52,896
—
2015
$9,727
25%
$52,896
27%
2014
$7,781
2%
$41,783
—
2013
$7,627
-5%
$41,783
-7%
2012
$8,062
—
$44,929
—
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 5047 N Central Park Ave
5047 N Central Park Avenue, Chicago, IL 60625 (MLS# 12030799) is a Commercial property. 5047 N Central Park Avenue is currently listed for $2,295,000 and was received on April 16, 2024. Want to learn more about 5047 N Central Park Avenue? Do you have questions about finding other Commercial real estate for sale in North Park? You can browse all North Park real estate or contact a Coldwell Banker agent to request more information.