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North Lawndale Greystone Investment Opportunity
For Sale
$499,999

1306 S Central Park Avenue, Chicago, IL 60623

MULTI_FAMILY - Other - Chicago, IL

Lot Size0.07 Acres
Days on Market131

Property Features for 1306 S Central Park Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 10
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 5, Bedroom 6, Laundry Room, Bedroom 1, Utility Room, Bedroom 3, Bedroom 4, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 8, Bathroom 1, Bedroom 9, Bedroom 2, Bedroom 10
Window features Screens
View Water
Elementary school Herzl Elementary School
Middle school Herzl Elementary School
High school John Hope College Preparatory Se
Elementary school district 299
Middle school district 299
High school district 299
Directions North of W Douglas Blvd; East of S Independence Blvd; South of W Roosevelt Rd; West of S Homan Ave; From S Roosevelt Rd, turn South on S Central Park Ave to address 1306 S Central Park Ave, Chicago, IL 60623
Subdivision CHI - North Lawndale
Standard status Active
APN 16231130140000
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 4405

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Building Details

Year built 1927
Building materials Vinyl Siding, Brick, Frame, Stone
Roof type Asphalt
Architectural style Other
Listing Agency: Keller Williams ONEChicago · Keller Williams Realty
Listed By: Mark Minorczyk · License #471002175
Added: Mar 25 Changed: Jul 30 Last Checked: Aug 2 at 5:06AM
MLS# 12594200

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Located in the historic North Lawndale neighborhood, this three-unit building presents an investment opportunity. The property includes a fenced backyard and an enclosed rear porch. Each unit has separate utilities, with tenants responsible for gas (cooking/heat), electricity, and hot water. The building is equipped with 3 gas meters, 4 electric meters, and 4 circuit breaker panels. The first and second-floor units feature refinished and stained hardwood floors, while the lower level has tile flooring. All units have been freshly painted and include updated kitchens and bathrooms, double-pane windows, and modern light fixtures. The second-floor unit offers 4 bedrooms, a full bath, living room, dining room, updated kitchen with stainless steel appliances and granite countertops, closet space, an enclosed porch, and a separate utility room. The first-floor unit mirrors a similar layout with 4 bedrooms and updated finishes. The lower-level unit includes 2 bedrooms, a full bath, a bonus room, living and dining areas, an updated kitchen with granite countertops, an enclosed porch, and a separate utility area. Situated near I-290 and minutes from downtown Chicago, the property is served by the CTA Pink Line (Kedzie, Central Park, Pulaski, Kostner stations) and is close to Douglass Park. The lot size is 0.07 acres.

Key Highlights

  • Solid 3‑unit building built in 1927 with vinyl siding, brick, frame, and stone construction.
  • Each unit has separate utilities with tenants responsible for gas (cooking/heat), electricity, and hot water.
  • 3 gas meters, 4 electric meters, and 4 circuit breaker panels support separate metering across units.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Building Supply HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit building in historic North Lawndale, Chicago.
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: Solid 3‑unit building built in 1927 with vinyl siding, brick, frame, and stone construction.; Each unit has separate utilities with tenants responsible for gas (cooking/heat), electricity, and hot water.; 3 gas meters, 4 electric meters, and 4 circuit breaker panels support separate metering across units.
More about this property
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