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Renovated 3-Unit Apartment Building
New
For Sale
$599,999

1619 S Central Park Ave, Chicago, IL 60623

Two larger apartments have existing leases through the Section 8 Housing Choice Voucher program.

Property SizeContact for details
Days on Market7

Property Features for 1619 S Central Park Ave

General Information

Standard status Active
Property subtype Multi-Family

Site & Location

Neighborhood Lawndale

Units

Unit Mix 4BR/1BA, 5BR, 3BR/1BA
Multifamily Units 3

Additional Details

Tenant in Place Yes

Amenities

private entrances
central heating and air conditioning
in-unit laundry

Building Details

Year Built 1908
Buildings 1
Listing Agency: Wirtz Real Estate Group Inc
Listed By: Shopping Casas
Source: Shoppingcasaschicago
Added: Oct 26 Changed: Oct 31 Last Checked: Oct 30 at 2:08PM

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 Wirtz Real Estate Group Inc

Rey
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Investment Insights

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This three-unit apartment building was fully renovated, with work extending from the framing through the finishes. Each residence has a private entrance, two means of egress, and its own central heating and air conditioning controls. The main-floor apartment offers four bedrooms, one full bathroom, 9-foot ceilings, in-unit laundry, and an open family room connected to the kitchen. The second-floor unit has five bedrooms and a similar layout. The garden-level apartment contains three bedrooms, one bathroom, and a separate laundry and storage room. The building has 12 bedrooms in total.

The four-bedroom and five-bedroom units are leased through the Section 8 Housing Choice Voucher program. Under the program, the housing authority pays the approved subsidy portion directly to the owner, subject to program requirements. Drawings, permits, and plans are accounted for. The property is located in North Lawndale at 1619 S Central Park Ave, Chicago, Illinois.

Key Highlights

  • Three renovated units with 12 bedrooms total
  • Four‑bedroom main‑floor unit with 9‑foot ceilings and in‑unit laundry
  • Five‑bedroom second‑floor unit with a layout similar to the main‑floor apartment

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,331
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

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 - Two larger apartments have existing leases through the Section 8 Housing Choice Voucher program.
Where is this triplex located?
The property is located at 1619 S Central Park Ave Chicago, IL.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Three renovated units with 12 bedrooms total; Four‑bedroom main‑floor unit with 9‑foot ceilings and in‑unit laundry; Five‑bedroom second‑floor unit with a layout similar to the main‑floor apartment
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