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    1617 S Central Park Ave Chicago, IL 60623

    New
    For Sale
    $350,000

    Residential Income - Chicago, IL

    Days on Market:
    2
    Last Refresh:
    Dec 13 at 7:06 pm

    Property Features for 1617 S Central Park Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    9
    APN
    16234000060000
    Parking
    2

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1894
    Architectural style
    Other

    Pearson Group LLC (773) 325-2800 [email protected]

    Listing agent Yousaf Khan (773) 325-2800 License #475182191

    Listing date Dec 12, 2025

    MLS# 12532118 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    North Lawndale Investment Opportunity

    Located in the North Lawndale neighborhood of Chicago, this two-flat home presents an investment opportunity. The first floor features a three-bedroom, one-bathroom layout with a spacious living/dining area and a kitchen that was renovated in 2023. Improvements include a new roof, tuckpointing, and rebuilt back porches. The second floor mirrors the first with a similar three-bedroom, one-bathroom layout and high ceilings, requiring some improvements. The basement is configured as an in-law suite with three bedrooms and one bathroom. The property is being sold in AS-IS condition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7148443
    Latitude
    41.8584324

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    FAQs

    What type of property is this?
    Triplex - Two-flat with in-law suite in Chicago's North Lawndale.
    Where is this triplex located?
    The property is located at 1617 S Central Park Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Investment opportunity in North Lawndale.; - First-floor rehabbed in 2023, including kitchen, roof, tuckpointing, and back porches.; - Three units: two 3-bed/1-bath flats and a 3-bed/1-bath in-law suite in the basement.
    (773) 325-2800
    Request Owner's contact information
    1617 S Central Park Ave Chicago, IL 60623
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    Chicago, IL 60623
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1617 S Central Park Ave Chicago, IL 60623
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