3031 S Central Park Avenue Chicago, IL $ 489,900
3031 S Central Park Avenue
$ 489,900
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3031 S Central Park Avenue

Chicago, IL, 60623
$ 489,900
Bedrooms9 Baths4.0

Monthly Estimate*

$ 3,016

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Multi-Family Home for sale in Chicago, IL

for $489,900 with 9 bedrooms and 4 full baths. This home was built in 1908.

Well-maintained 4-unit building located in the heart of Little Village. All units are in great condition with a desirable unit mix consisting of three 2-bedroom / 1-bath units and one 3-bedroom / 1-bath unit. The property features separate utilities throughout, including four individual HVAC heating units, four water heaters, and four electrical panels, providing efficient management and reduced owner expenses. Tenants pay all utilities except water, which is the only utility paid by the owner. Three units are currently rented to long-term tenants, offering stable income, while one unit is vacant, creating an excellent opportunity for investors or owner-occupants looking to house hack by living in one unit while collecting rental income from the others. Additional highlights include a 2-car garage and a solid, low-maintenance setup in a strong rental market. Ideal for buyers seeking a cash-flowing multifamily property with upside potential.

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Multi-Family Active

Price

$ 489,900

Bedrooms

9

Full Bath

4

Property Type

Multi-Family

Taxes

$ 4,561

Style

Year Built

1908

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12570601

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Garage Spaces 2
Construction Materials Vinyl Siding Brick
Year Built 1908
Township Lake
Tax Year 2024
Ownership Fee Simple
Gross Income 63600
County Cook
Net Operating Income 50037
Insurance Expense 2263
New Construction N
Property Type Residential Income Two to Four Units
MaintenanceExpense 3000
Total Rooms 14
Status New
Directions 31st to Central Park then go North to the property
City Chicago
High School District 299
MLS Area CHI - South Lawndale
Tax Annual Amount 4561.76
Water Sewer Expense 3700
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished Full
Total Bedrooms 9
Total Baths 4
Bedrooms Possible 9
Full Baths Building 4
Half Baths Building 0
Total Number of Units 4
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Exterior
Parking Features Garage Door Opener Yes Garage Owned Detached Garage
Water Source Lake Michigan
Total Parking 2
Lot Dimensions 3125
Waterfront Y/N N
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* Excluded Features
List By
Pearson Realty Group

Broker

refael@pearsonrealtygroup.com

Email

Affordability Calculator

$3,396
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,016
Monthly Property Taxes
$380
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/20/2026$489,900 Listed Price

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3031 S Central Park Avenue, Chicago, IL, 60623 is a Multi-Family Home for sale at $489,900. 3031 S Central Park Avenue has 9 bedrooms, 4.0 baths, and was built in 1908. The property's zip code is 60623 which is in Chicago, IL