***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.
Closed
Tax assessed value
$230,000
540 N Central Park Ave, Chicago, IL 60624
4beds
--sqft
Multi Family
Built in 1903
-- sqft lot
$314,800 Zestimate®
$--/sqft
$1,946 Estimated rent
Home value
$314,800
$271,000 - $362,000
$1,946/mo
Zestimate® history
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Ceiling heightWest loop
Zillow last checked:
Listing updated:
Listing courtesy of:
Mark Buckner 773-466-7150,
Compass
Bought with:
Jose Campoverde
Chicagoland Brokers, Inc.
Source: MRED as distributed by MLS GRID,MLS#: 11994761
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 2
- Parking features: On Site, Owned
Lot
- Size: 3,125 sqft
- Dimensions: 25X125
Details
- Parcel number: 16111250160000
- Zoning: MULTI
- Special conditions: None
- Other equipment: Ceiling Fan(s)
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1903
- Major remodel year: 2007
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & neighborhood
Security
- Security features: Security System
Location
- Region: Chicago
Other
Other facts
- Listing terms: Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 5/9/2024 | Sold | $230,000+31.4% |
Source:  MRED as distributed by MLS GRID #11994761 Report a problem | ||
| 3/27/2024 | Pending sale | $175,000 |
Source: MRED as distributed by MLS GRID #11994761 Report a problem | ||
| 3/6/2024 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11994761 Report a problem | ||
| 3/3/2024 | Listed for sale | $175,000-12.5% |
Source: MRED as distributed by MLS GRID #11994761 Report a problem | ||
| 3/2/2024 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11984581 Report a problem | ||
| 2/19/2024 | Contingent | $200,000 |
Source: MRED as distributed by MLS GRID #11984581 Report a problem | ||
| 2/19/2024 | Listed for sale | $200,000 |
Source: MRED as distributed by MLS GRID #11984581 Report a problem | ||
| 2/19/2024 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11970584 Report a problem | ||
| 2/8/2024 | Contingent | $200,000 |
Source: MRED as distributed by MLS GRID #11970584 Report a problem | ||
| 1/30/2024 | Listed for sale | $200,000 |
Source: MRED as distributed by MLS GRID #11970584 Report a problem | ||
| 1/21/2024 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11954948 Report a problem | ||
| 1/17/2024 | Listed for sale | $200,000+14.3% |
Source: MRED as distributed by MLS GRID #11954948 Report a problem | ||
| 5/4/2023 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11771378 Report a problem | ||
| 5/2/2023 | Listed for sale | $175,000+10.8% |
Source: MRED as distributed by MLS GRID #11771378 Report a problem | ||
| 6/24/2002 | Sold | $158,000+150.8% |
Source: Public Record Report a problem | ||
| 9/6/2001 | Sold | $63,000+31.3% |
Source: Public Record Report a problem | ||
| 7/10/2001 | Sold | $48,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $23,000 +29.3% |
| 2023 | $3,062 +3.6% | $17,783 |
| 2022 | $2,954 +1.6% | $17,783 |
| 2021 | $2,906 +58.5% | $17,783 +56.9% |
| 2020 | $1,833 -4.9% | $11,331 -13% |
| 2019 | $1,928 +1.8% | $13,025 |
| 2018 | $1,894 -48.4% | $13,025 -36.2% |
| 2017 | $3,669 +2.2% | $20,419 |
| 2016 | $3,590 +10.1% | $20,419 |
| 2015 | $3,261 +297.3% | $20,419 +336.2% |
| 2014 | $821 -72.4% | $4,681 -75.3% |
| 2013 | $2,971 +0.5% | $18,966 |
| 2012 | $2,956 -4.7% | $18,966 -18.2% |
| 2011 | $3,102 +4% | $23,182 |
| 2010 | $2,983 +10.9% | $23,182 |
| 2009 | $2,689 +18% | $23,182 +2.5% |
| 2008 | $2,280 +19.2% | $22,607 |
| 2007 | $1,912 +41.6% | $22,607 |
| 2006 | $1,351 -41.8% | $22,607 +59.1% |
| 2005 | $2,322 +1% | $14,209 |
| 2004 | $2,298 +2.2% | $14,209 |
| 2003 | $2,248 +59% | $14,209 +46.6% |
| 2002 | $1,414 -15.8% | $9,695 |
| 2001 | $1,679 +123.2% | $9,695 |
| 2000 | $752 +3.5% | $9,695 +38% |
| 1999 | $727 | $7,025 |
Find assessor info on the county website
Neighborhood: East Garfield Park
Nearby schools
GreatSchools rating
- 3/10Ward L Elementary SchoolGrades: PK-8Distance: 0.2 mi
- 1/10Orr Academy High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$314,800
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Estimated market value
$314,800
- Illinois
- Cook County
- Chicago
- 60624
- East Garfield Park
- 540 N Central Park Ave
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