15 days on rocket

531 N Central Park Ave, Chicago, IL, 60624

$315,000

Home List Price

$3,741*

Closing Credit

5 Bedrooms
2 Baths
House
Schools Nearby

Location

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531 N Central Park Ave, Chicago$315,000

Buyer Closing Credits

$3,741*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeResidential
Garage2 spaces
Year Built1890
HeatingNatural Gas, Forced Air
BasementYes
WaterfrontFencing
MLS #12031262
Lot Size0.07 Acres
StatusActive

About 531 N Central Park Ave

Don't Miss out! Greystone 2-flat features two separate units and presents an excellent investment opportunity. Each unit features hardwood floors, a spacious living room and dedicated dining areas and enclosed rear porches, providing comfortable and inviting spaces for residents. The 1st floor unit is currently vacant and perfect for an owner occupant or new tenant with increasing rent potential. Featuring 2 Beds and 1 Bath with newly refinished hardwood floors and refreshed paint. The 2nd floor unit offers 3 Beds and 1 bath with a quality tenant who always pays on time. The basement is equipped with coin laundry and a convenient half bath and offers an abundance of storage space. Explore the potential to finish the basement for additional living space and income potential. One Water Heater and Furnace was changed in 2018. The Garage is currently rented out as well for additional income. Take advantage of the area's steady growth and development, securing a property with excellent income potential. Situated just a few blocks away from the Green Line Train, commuting to Downtown Chicago is a breeze. Nature lovers will delight in the property's close proximity to the Garfield Park Conservatory. Whether you're an investor seeking a lucrative opportunity or looking for a comfortable and spacious home, this property has it all. Schedule your showing today and discover the potential that awaits you in Garfield Park! Requires 48 hours to show. 2 previous buyers financing failed. Property passed inspection and appraisal TWICE! SERIOUS BUYERS ONLY. PREAPPROVAL or POF REQUIRED TO SHOW - NO EXCEPTIONS. Please do not disturb the tenant.

Property Details

Property Features

Property Information:

  • Year Built: 1890

Listing Office:

  • Office Name: Real Broker LLC
  • Office Phone: (217) 960-8605
  • Listing Agent: Jennifer Rivera

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: Fencing
  • Exterior: Porch Screened

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot: Fencing
  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

School Info

Assigned Schools Information:

  • Orr Academy High School, Public District Grades 9-12
  • L. Ward Elementary School, Public District Grades PK-8

Other

Directions Information:

  • Directions: Ohio West to Central Park South to Building

Price Information

Listing Price Info

Price Summary:

  • List Price: $315,000
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

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Chicago, IL

City

Med. Sold Price

$349K

Med. Price/SqFt

$250

Avg. Days On Market

33

# of Sold Homes

2268

531 N Central Park Ave vs Chicago

15 DAYS ON ROCKET

-18 Days

$315,000

-$34K Less

KEY TAKEAWAY

This property is $34K less than the Median Sold Price in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12031262

Listing Office:

  • Office Name: Real Broker LLC
  • Office Phone: (217) 960-8605
  • Listing Agent: Jennifer Rivera

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/3/2024, 5:15:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 11, 2006Home Sold
$275,000

History based on county public records data.

Payment Calculator

$1,640

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,011

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-5487641
2
/10

  • L. Ward Elementary School

  • 646 N Lawndale Ave

  • 0.22 miles

  • Public District Grades PK-8

High School

school-card-donut-5487642
1
/10

  • Orr Academy High School

  • 730 N Pulaski Rd

  • 0.57 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $13,981. The most common annual income of people living in Chicago, IL is less than $35k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 531 N Central Park Ave

What is the listing price of this property?

The listing price of 531 N Central Park Ave property is $315,000.

What type of property is this?

The property 531 N Central Park Ave is a house located in Chicago, Illinois, 60624.

Is this property for sale now?

Active Listing: 531 N Central Park Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 531 N Central Park Ave are:
L. Ward Elementary School: GreatSchools Rating 2/10
Orr Academy High School: GreatSchools Rating 1/10

When was this property sold last time and for how much?

The last sale was on December 11, 2006 for $275,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 531 N Central Park Ave has 5 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 531 N Central Park Ave is 1890.

Rocket Homes›Illinois›Cook County›Chicago›60624›531 N Central Park Ave

This home is located at 531 N Central Park Ave in Chicago, IL and zip code 60624 in the Humboldt Park neighborhood. This home, which was built in 1890, sits on a 0.07 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 18, 2024 and is currently priced at $315,000.

In April 2024, from all listings sold in Chicago, IL there were more than 867 sold above asking price, over 1023 sold below and more than 378 were sold right at the asked price. In April 2024 in Chicago, IL there were 18.4% more homes for sale than in March 2024. In April 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $349,097.

From Rocket Homes Real Estate and based on county public records data.

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