Modern Industrial
For Sale
Contact for pricing
Pending
1641 N Central Park Ave, Chicago, IL 60647
Three-unit configuration includes two apartments and a larger multi-level residence.
Property SizeContact for details
Lot Size0.11 Acres
Days on Market146
Property Features for 1641 N Central Park Ave
General Information
Standard status
Pending
Lot size
0.11 Acres
Property subtype
Multifamily
Net Operating Income
$86,000
Units
Unit Mix
2 x 2BR, 1 x 5BR/2.5BA
Multifamily Units
3
Additional Details
Cap Rate
9.8%
Amenities
smart cameras and locks
Listing Agency:
SPACE FINDER INC
Listed By:
Carlos Alers · License #IL 471020318
(312) 678-4000
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 31 at 7:51PM
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 SPACE FINDER INC
Investment Insights
Based on property information with market context.
This three-unit multifamily property combines two separate two-bedroom apartments with a larger five-bedroom residence arranged across the second and third floors. The primary residence includes 2.5 bathrooms, while the upper level features 17-foot ceilings that emphasize the building’s spacious industrial-style interior. Smart cameras and locks are included as part of the property’s technology package.
Positioned at 1641 N Central Park Ave in Chicago, the property occupies a 25 x 190 lot near the 606 Trail. The configuration provides nine bedrooms across the three units and includes an income profile supported by a reported 9.8% cap rate. The two smaller apartments are located on the first floor, with the larger residence occupying the levels above.
Positioned at 1641 N Central Park Ave in Chicago, the property occupies a 25 x 190 lot near the 606 Trail. The configuration provides nine bedrooms across the three units and includes an income profile supported by a reported 9.8% cap rate. The two smaller apartments are located on the first floor, with the larger residence occupying the levels above.
Key Highlights
- Three‑unit property with nine total bedrooms
- Two first‑floor apartments, each with two bedrooms
- Five‑bedroom primary residence spans the second and third floors
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,231
Businesses Nearby
Explore this area
Business Placement
Demographics for 60647, IL
85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit configuration includes two apartments and a larger multi-level residence.
Where is this triplex located?
The property is located at 1641 N Central Park Ave Chicago, IL.
What are key features of this property?
This property features: Three‑unit property with nine total bedrooms; Two first‑floor apartments, each with two bedrooms; Five‑bedroom primary residence spans the second and third floors
