3031 S Central Park Avenue Chicago IL 60623 MLS #MRD12570601

MLS #MRD12570601 image #0
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.

Property Details

Price:
$479,900
MLS #:
MRD12570601
Status:
Active Under Contract
Beds:
9
Baths:
4
Type:
Multi Family
Neighborhood:
chisouthlawndale
Listed Date:
Feb 20, 2026
Year Built:
1908
Chi – South LawndaleChisouthlawndale

Schools

School District:
299

Interior

Heating
Natural Gas

Exterior

Construction Materials
Vinyl Siding, Brick
Garage Spaces
2
Parking Features
Garage Door Opener, Yes, Garage Owned, Detached, Garage
Parking Spots
2
Parking Total
2

Financial

Maintenance Fee
$3,000
Net Operating Income
$50,037
Tax Year
2024
Taxes
$4,562

Listing Agent & Office

Refael Suissa
Pearson Realty Group

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