1617 S Central Park Avenue, Chicago IL 60623
Property Description
Investor's Dream: Fully Updated Two-Flat with Income Potential in North Lawndale! This spacious brick two-flat in Chicago's vibrant North Lawndale neighborhood is a rare opportunity for investors seeking a turnkey rental property with excellent income potential. Currently generating rental income from both units, this property offers 9 bedrooms and 3 full bathrooms, providing ample living space for tenants or future expansion. Recent upgrades make this property stand out. Two brand-new furnaces were installed this year, with the system zoned for two (expandable to three) for optimal comfort and efficiency. The plumbing has also been fully updated, including a new hot water tank and main shut-off, while the second-floor unit has been completely remodeled with fresh finishes and modern updates. Major improvements include a 2024 roof replacement, a 2026 HVAC system upgrade, and a 2024 water heater replacement. While the basement still offers renovation potential, the rest of the property is move-in ready. Enjoy the convenience of a rear parking area for up to four vehicles, plus proximity to public transportation, shopping, dining, and major city routes. Don't miss your chance to own this well-maintained, income-producing gem in a sought-after location. Whether you're expanding your portfolio or securing a smart investment, this two-flat is a must-see! PROPERTY IS BEING SOLD AS-IS.
Features & Information
Key Details
- List Price $325,000
- Property Taxes $4,168
- Year Built 1894
- Status New
- List Market Time 1
Units
-
Unit 1
- Floor 1
- Rooms 6
- Beds 3
- Baths 1
- Appliances Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Laundry Hook-Up
- Rent $1,400/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires 09/27
-
Unit 2
- Floor 2
- Rooms 6
- Beds 3
- Baths 1
- Appliances Fireplace-Wood
- Rent $1,400/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires 06/27
Exterior Features
-
Parking
- # of Cars: 2
Building Information
- Number of Units 2
- Age of Building 100+ Years
Location
- County Cook
- Township West Chicago
- Corporate Limits Chicago
- Directions to Property South Of 16th Street On Central Park Ave North Of West Ogden
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 4168
- Tax Year 2025
- Parcel Identification Number 16234000060000
Listed by Jessica Macey for Real Broker LLC | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 11/13/2026 1:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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