For Sale
$789,000
4304 N Central Park Avenue,
Chicago,
IL,
60618
Latitude 41.959476 - Longitude -87.718336
Overview
Listing Status Active
MLS 12182242
Time on NeighborWho
11 days
About
4304 N Central Park Avenue,
Chicago,
IL
Incredible opportunity to own a unique and architecturally stunning asset in the heart of coveted Irving Park! Ideally situated on an extra-wide lot on a beautiful tree-lined street, this high-performing and completely turnkey 3-unit property has so much to offer. The curb appeal of the classic brick & limestone facade leads the way to an interior...
where you will find the perfect combination of carefully preserved vintage character, thoughtful updates, and functional living space. The main house, with its gorgeous oak staircase and original mosaic tile work, consists of two oversized 2-bedroom, 1-bathroom units and a large basement with laundry and a full bathroom that awaits your ideas! Both 2-bedroom units feature spacious living rooms with decorative fireplaces, gorgeous sunrooms that drench the space in natural light, separate dining rooms with built-ins, generous bedrooms with deep closets, eat-in kitchens with pantries, high ceilings, hardwood floors, covered rear porches, and separate boilers & hot water heaters. The picturesque backyard boasts a lush garden and a beautiful courtyard with a stone patio that leads to the new (2021) coach-house and 2.5 car garage. This truly special and extremely eco-friendly build features a thoughtfully designed all-brick facade with custom hand-carved solid doors AND very rare solar panels on the roof that can be transferred with the home for an additional $15K ($30K+ investment - offers incredible energy savings). The 2-bedroom,1-bathroom coach house unit features an in-unit Bosch washer/dryer, separate office nook, tons of built-ins, hardwood floors, and energy-efficient mechanicals throughout including a tankless water heater, heat pump, and mini-split A/C system. The full basement of the main house also offers a great value-add opportunity - with good ceiling height throughout and a full bathroom with a shower already in place. Additional recent updates to the property include new thermal pane windows throughout (all but three), new support on back porch (2021), cosmetic updates to the first floor bathroom & kitchen, and a new second floor furnace, stove & refrigerator (2020-2023). Friendly and rapidly-appreciating neighborhood convenient to parks, transit, expressway, and tons of great dining options - units here rent quickly & easily! Unit 1 is owner-occupied with the option to rent back at a market rate of $2200/month. Unit 2 is rented below market for $1900 through June 2025 (market approx. $2200). Coach house unit is rented below market for $1500 through June 2025 (market approx $1700-$1800). See "additional information" in MLS for detailed financial info. Property is in great condition and has been very well maintained but is being sold "as-is". Buy & hold for an immediate and low-maintenance return on your investment, bring your creativity and take advantage of multiple value-add opportunities, or simply move into one unit while your tenants pay down the mortgage on your amazing new home. The options for this one-of-a-kind property are truly endless!
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