38-Unit Apartment
For Sale
Contact for pricing
38 N Central Ave, Chicago, IL 60644
Well-established multifamily property with 39 apartments, including a management office and basement laundry amenities.
Property SizeContact for details
Days on Market122
Property Features for 38 N Central Ave
General Information
Standard status
Active
Total Parking Spaces
16
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
39
Amenities
laundry facilities
security cameras
Building Details
Tenancy
Multi
Listing Agency:
Monarch Realty Partners
Listed By:
Robert Berman · License #475172109
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 11:06AM
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 Monarch Realty Partners
Investment Insights
Based on property information with market context.
38 N Central is a 39-unit apartment building with (17) studio apartments and (22) 1BR/1BA apartments across five different layouts. One first-floor studio apartment near the atrium is currently used as a management office. Current ownership is installing new circuit breakers in each unit.
The building is serviced by a Peerless hot water boiler and a 250-gallon standard steel hot water tank located in the basement. A roof overlay was completed in 2017. Residents have access to two washers and dryers in the basement, and the property has multiple fully operational security cameras.
Most units are described as being in vintage condition. There are 16 covered parking spaces under the building, providing on-site parking for residents.
The building is serviced by a Peerless hot water boiler and a 250-gallon standard steel hot water tank located in the basement. A roof overlay was completed in 2017. Residents have access to two washers and dryers in the basement, and the property has multiple fully operational security cameras.
Most units are described as being in vintage condition. There are 16 covered parking spaces under the building, providing on-site parking for residents.
Key Highlights
- 39‑unit apartment building in Chicago’s Austin neighborhood, with (17) studios and (22) 1BR/1BA units across five layouts
- Currently fully leased, with a first‑floor studio used as a management office near the atrium
- New circuit breakers being installed in each unit by the current ownership
Property Analytics
Property Profile
Current Use
Lease Details
39
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,329
Businesses Nearby
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Business Placement
Demographics for 60644, IL
47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-established multifamily property with 39 apartments, including a management office and basement laundry amenities.
Where is this apartment building located?
The property is located at 38 N Central Ave Chicago, IL.
What are key features of this property?
This property features: 39‑unit apartment building in Chicago’s Austin neighborhood, with (17) studios and (22) 1BR/1BA units across five layouts; Currently fully leased, with a first‑floor studio used as a management office near the atrium; New circuit breakers being installed in each unit by the current ownership
