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Two-Flat Residential Income Property
For Sale
$370,000
Pending

3037 North Central Park Avenue, Chicago, IL 60618

Two-unit property with two 2-bedroom, 1-bath apartments plus a large basement and open attic on an RS-3 zoned lot.

Property SizeContact for details
Lot Size0.07 Acres
Days on Market390

Property Features for 3037 North Central Park Avenue

General Information

Standard status Pending
Lot size 0.07 Acres
Property subtype Two to Four Units / 2 Flat
Zoning RS-3

Additional Details

Highway Access Yes
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $6,925

Building Details

Year Built 1893
Listing Agency: Realty of America, LLC
Listed By: Luis Lopez · License #475181921
Source: Compass
Added: Aug 15, 2025 Changed: Aug 8 Last Checked: Jul 24 at 1:56PM

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 Realty of America, LLC

Investment Insights

Based on property information with market context.

This two-flat residential income property features two separate units, each offering 2 bedrooms and 1 bathroom. The layout includes a spacious, open attic and a large, open basement, providing additional storage and flexibility for future finishing. The property is being sold “As-Is.”

Set on a 25 x 125 RS-3 zoned lot, the site offers future potential for new construction. The location provides easy access to the Kennedy Expressway and the CTA Blue Line, with nearby restaurants and shopping.

As a for-sale duplex-style building, it is structured as two self-contained units while retaining meaningful additional interior space in the attic and basement.

Key Highlights

  • Two‑flat with two 2‑bedroom, 1‑bath units
  • Year built 1893
  • Large basement and spacious, open attic for storage or potential additional living space

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Nursing Home Home Appliance Store Tech Support Center Fish Market (Bike/Boat/Book/etc) Store Butcher

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

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,113
Businesses Nearby

Demographics for 60618, IL

90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
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?
Duplex - Two-unit property with two 2-bedroom, 1-bath apartments plus a large basement and open attic on an RS-3 zoned lot.
Where is this duplex located?
The property is located at 3037 North Central Park Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Two‑flat with two 2‑bedroom, 1‑bath units; Year built 1893; Large basement and spacious, open attic for storage or potential additional living space
More about this property
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