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3-Unit Multifamily Building

1306 S Central Park Avenue, Chicago, IL 60623

For Sale
$499,999
Pending

The two upper residences each have four bedrooms, while the lower-level apartment has two.

Property SizeContact for details
Days on Market18

Property Features for 1306 S Central Park Avenue

General Information

Standard status Pending
Property subtype Two to Four Units
Zoning MULTI

Site & Location

Neighborhood Lawndale
Highway Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 2 x 4BR, 1 x 2BR
Multifamily Units 3
Individually Metered Utilities gas, electricity

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $4,552

Amenities

fenced backyard
enclosed rear porch
Soaking Tub
Enclosed Porch,Foyer,Utility Room-Lower Level
3
10
3 Flat (2 units 4 beds each,1 unit 2 beds)
Lake Michigan,Public
25X125
0.07
No
CO Detectors,Ceiling Fan(s),Multiple Water Heaters,Water Heater-Gas

Building Details

Year Built 1927
Buildings 1
Listing Agency: Keller Williams ONEChicago
Listed By: Anthony Lezza
Source: Kawashgroup
Added: Oct 21 Changed: Nov 5 Last Checked: Nov 7 at 8:32AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams ONEChicago

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Investment Insights

Based on property information with market context.

This three-unit multifamily building, constructed in 1927, has two upper apartments with four bedrooms apiece and a lower-level unit with two bedrooms. The upper units feature refinished hardwood flooring; tile runs throughout the lower apartment. All three residences have updated kitchens and bathrooms, fresh interior paint, double-pane windows, and enclosed porches. Kitchens in the upper units include stainless steel appliances, while granite countertops are noted in the upper and lower apartments. Each residence has its own gas furnace and water heater, with separate utility service reflected in three gas meters and four electric meters. The property also includes a fenced backyard and zoning designation MULTI.

The building is in Chicago’s North Lawndale neighborhood, near I-290 and the CTA Pink Line stations at Kedzie, Central Park, Pulaski, and Kostner. Douglass Park, a 162-acre park with pools, sports fields, a fitness center, and cultural amenities, is also nearby.

Key Highlights

  • Three apartments: two four‑bedroom units and one two‑bedroom unit
  • Built in 1927; zoned MULTI
  • Three gas meters, four electric meters, and four circuit breaker panels

Property Analytics

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Lease Details

3
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,028
Businesses Nearby

Demographics for 60623, IL

87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Triplexes in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - The two upper residences each have four bedrooms, while the lower-level apartment has two.
Where is this triplex located?
The property is located at 1306 S Central Park Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Three apartments: two four‑bedroom units and one two‑bedroom unit; Built in 1927; zoned MULTI; Three gas meters, four electric meters, and four circuit breaker panels
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