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$200000   Price Analysis
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550 N Central Park Ave
Chicago, IL 60624
5 bed 2 bath unknown SqFt ($0/SqFt)
Built 1909
Listed 2024-06-21, Taxes $4825
Ⓧ USDA Ineligible
due to location

near Chicago

Brick two-flat with an unfinished basement and excellent ceiling height.

* Has Contingent Offer *

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 n 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.


Presented by Ben Lalez at
COMPASS.
Listing Agent Photo

Property MLS #12091330 from MRED

Bedrooms: 5
Bedrooms Possible: 5

Total Rooms: 11
Basement Features: Full
Basement Description: Unfinished

Total Bathrooms: 2
Full Bathrooms: 2

Yes

Heating Features: Natural Gas, Electric

Parking Total: 2

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School District: 299
High School District: 299

Ward L Elementary School is a public elementary and middle school located approximately 0.1 miles away.
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Orr Academy High School is a public high school located approximately 0.5 miles away.
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Terry Town Nursery School & Kinder is a private elementary school located approximately 0.4 miles away.
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Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 6
Unit-1 Description: Unit 1
Unit-2 Description: Unit 2
Unit 1 Total Actual Rent: 700
Unit 2 Total Actual Rent: 350

Annual Tax Amount: 4936.18
Source Listing Status: Active Under Contract
County: Cook
Directions: ON CENTRAL PARK, 2 BLOCKS SOUTH FRO, CHICAGO AVE.
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Residential Income
Parcel Number: 16111250130000
Township: Stickney
Zoning: MULTI
Property Subtype: Two to Four Units
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$19645 + $4354
$23999
$4825
2020$8932 + $4354
$13286
$2959
2019$10918 + $4354
$15272
$3068
2018$10918 + $4354
$15272
$3016
2017$18480 + $3891
$22371
$4815
2016$18480 + $3891
$22371
$4480
2015$18480 + $3891
$22371
$4099
2014$15402 + $3706
$19108
$3545
2013$15402 + $3706
$19108
$3475
2012$15402 + $3706
$19108
$3428
2011$18980 + $5188
$24168
$3916
2010$18980 + $5188
$24168
$3932
2009$18980 + $5188
$24168
$3768
2007$21574 + $4595
$26169
$3716
2006$21574 + $4595
$26169
$3756

Relisted 2024-07-03
$200000
MRED
Listing removed 2024-06-30
$0
MRED
Listed 2024-06-21
$200000
MRED
Listing removed 2024-06-18
$0
MRED
Listed 2024-06-12
$200000
MRED
Listing removed 2023-05-05
$175000
MRED
Listing removed 2023-05-04
$175000
MRED
Listed 2023-05-02
$175000
MRED
Listing removed 2011-01-14
$5000
MRED
Price Changed 2011-01-06
$5000
MRED
Price Changed 2010-11-24
$30900
MRED
Price Changed 2010-07-10
$35900
MRED
Listed 2010-03-04
$39900
MRED
Listing removed 2009-10-19
$99000
MRED
Listed 2008-05-27
$99000
MRED
Sold 2006-08-01
$323000
Public Record
Sold 2005-03-25
$245000
Public Record
Sold 2004-05-25
$182500
Public Record

Year Built: 1909
Property Age: 115

Sewer: Public Sewer
Water Source: Lake Michigan
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.