Brick two-flat with an unfinished basement and excellent ceiling height. Unit 1 is a 2 bedroom, 1 bathroom. Unit 2 is a 3 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 property is being sold AS-IS, cash or renovation convention-style loans are preferred. Seller will not make any repairs and will not LIKELY pass FHA inspection or conventional loan. The building is tenant-occupied and will be sold with the UNITS OCCUPIED. Tenants pay month to month. Offers that agree to accept tenants in the building at closing will be given priority. 0.4-5 block walk to the Garfield Park Conservatory and Lake St El stop, a short drive to I290, West Loop, Fulton Market, Medical District, and downtown Chicago.
Closed
$210,000
550 N Central Park Ave, Chicago, IL 60624
5beds
--sqft
Multi Family
Built in 1909
-- sqft lot
$362,300 Zestimate®
$--/sqft
$1,972 Estimated rent
Home value
$362,300
$301,000 - $428,000
$1,972/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Ben Lalez 773-466-7150,
Compass,
Mark Buckner,
Compass
Bought with:
Jose Leon
RE/MAX Partners
Source: MRED as distributed by MLS GRID,MLS#: 12091330
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Electric
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 2
- Parking features: On Site, Owned
Details
- Parcel number: 16111250130000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1909
- Major remodel year: 2007
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $270,000
- Annual tax amount: $4,936
- Date on market: 7/3/2024
- Listing terms: Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2024 | Sold | $210,000+5% |
Source:  MRED as distributed by MLS GRID #12091330 Report a problem | ||
| 7/30/2024 | Pending sale | $200,000 |
Source: MRED as distributed by MLS GRID #12091330 Report a problem | ||
| 6/29/2024 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #12091330 Report a problem | ||
| 6/21/2024 | Listed for sale | $200,000 |
Source: MRED as distributed by MLS GRID #12091330 Report a problem | ||
| 6/16/2024 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #12081986 Report a problem | ||
| 6/12/2024 | Listed for sale | $200,000+14.3% |
Source: MRED as distributed by MLS GRID #12081986 Report a problem | ||
| 5/4/2023 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11771411 Report a problem | ||
| 5/2/2023 | Listed for sale | $175,000+3400% |
Source: MRED as distributed by MLS GRID #11771411 Report a problem | ||
| 1/16/2011 | Listing removed | $5,000 |
Source: Realty Executives Premiere #07459804 Report a problem | ||
| 1/8/2011 | Price change | $5,000-83.8% |
Source: Realty Executives Premiere #07459804 Report a problem | ||
| 12/1/2010 | Price change | $30,900-13.9% |
Source: Realty Executives Premiere #07459804 Report a problem | ||
| 7/12/2010 | Price change | $35,900-10% |
Source: Realty Executives Premiere #07459804 Report a problem | ||
| 3/8/2010 | Listed for sale | $39,900+1146.9% |
Source: TheListingWidget.com #07459804 Report a problem | ||
| 12/15/2009 | Sold | $3,200-99% |
Source: MRED as distributed by MLS GRID #07380156 Report a problem | ||
| 8/1/2006 | Sold | $323,000+31.8% |
Source: Public Record Report a problem | ||
| 3/25/2005 | Sold | $245,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,441 +7.1% | $27,000 +12.5% |
| 2023 | $5,079 +2.9% | $23,999 |
| 2022 | $4,936 +2.3% | $23,999 |
| 2021 | $4,826 +63.1% | $23,999 +80.6% |
| 2020 | $2,960 -3.5% | $13,286 -13% |
| 2019 | $3,068 +1.7% | $15,272 |
| 2018 | $3,017 -37.4% | $15,272 -31.7% |
| 2017 | $4,816 +7.5% | $22,371 |
| 2016 | $4,481 +9.3% | $22,371 |
| 2015 | $4,099 +15.6% | $22,371 +17.1% |
| 2014 | $3,545 +2% | $19,108 |
| 2013 | $3,475 +1.4% | $19,108 |
| 2012 | $3,429 -12.4% | $19,108 -20.9% |
| 2011 | $3,916 -0.4% | $24,168 |
| 2010 | $3,933 +4.4% | $24,168 |
| 2009 | $3,769 +0.4% | $24,168 -7.6% |
| 2008 | $3,754 +1% | $26,169 |
| 2007 | $3,717 -1.1% | $26,169 |
| 2006 | $3,757 +53.5% | $26,169 +74.8% |
| 2005 | $2,447 +1% | $14,975 |
| 2004 | $2,422 +2.2% | $14,975 |
| 2003 | $2,370 +44.3% | $14,975 +63.9% |
| 2002 | $1,642 +58.3% | $9,138 |
| 2001 | $1,037 +30.9% | $9,138 |
| 2000 | $792 +1.8% | $9,138 +26.3% |
| 1999 | $778 | $7,234 |
Find assessor info on the county website
Neighborhood: East Garfield Park
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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
$362,300
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Estimated market value
$362,300
- Illinois
- Cook County
- Chicago
- 60624
- East Garfield Park
- 550 N Central Park Ave
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