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Active
Price cut: $99K (6/10)
$400,000

1645 N Central Park Ave, Chicago, IL 60647

6beds
--sqft
: 
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Multi Family
Built in 1888
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA

What's special

Beautiful park directly behind
+Multiple Offers Received, Best and Highest Wednesday, June 17th at 12 Noon+ Investor Goldmine! This is an ultra-rare value-add opportunity on a gigantic 177 ft lot backing right up to Simons Park and with immediate access to the 606 Trail. The building features highly desirable 3-bedroom, 2-bathroom layouts in both primary units, offering fantastic rent potential. The property is being sold with existing city code violations requiring the removal of the current basement unit and the reinforcement or rebuilding of the rear stairs. For a savvy buyer, this is the ultimate catalyst for forced appreciation through sweat equity. Situated perfectly within Chicago's ADU allowed area, the mandatory lower-level remediation provides a clean slate to pull permits and legally build out at least one, and potentially two, Additional Dwelling Units. Transform this into your cash flowing gem. Unbeatable, quickly appreciating location to coffee shops, grocery stores, minutes to Logan Square and with immediate access to the 606 trail and a beautiful park directly behind. Bring your contractor to capitalize on this incredible potential. Sold strictly as-is.
42 days
|
1,783
|
117
|

Zillow last checked:

Listing updated:

Listed by:

Santiago Valdez 773-858-2410,

Compass,

Elizabeth Pyle 773-383-5417,

Compass

Source: MRED as distributed by MLS GRID,MLS#: 12615837MLS Logo

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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Natural Gas, Forced Air
    Features
    • Basement: Partially Finished,Full
    Video & virtual tour

    Property

    Parking
    • Total spaces: 2
    • Parking features: Yes, Garage Owned, Detached, Garage
    • Garage spaces: 2
    Lot
    • Size: 4,425 Square Feet
    • Dimensions: 25 x 177
    Details
    • Parcel number: 13354180060000
    • Zoning: MULTI
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: American 4-Sq.
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    Condition
    • New construction: No
    • Year built: 1888

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan

    Community & HOA

    Community
    • Features: Other, Park
    Location
    • Region: Chicago

    Financial & listing details

    • Tax assessed value: $420,010
    • Annual tax amount: $6,494
    • Date on market: 5/9/2026
    • Ownership: Fee Simple
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      Estimated market value

      Not available

      Estimated sales range

      Not available

      $3,591/mo

      Price history

      DateEventPrice
      6/10/2026Price change$400,000-19.8%
      Source: MRED as distributed by MLS GRID #12615837 Report a problem
      5/29/2026Price change$499,000-16.1%
      Source: MRED as distributed by MLS GRID #12615837 Report a problem
      5/9/2026Listed for sale$595,000
      Source: MRED as distributed by MLS GRID #12615837 Report a problem

      Public tax history

      YearProperty taxesTax assessment
      2024-- $42,001 +23.5%
      2023$6,494 +3.2%$34,000
      2022$6,290 +2%$34,000
      2021$6,167 +3.2%$34,000 +13.6%
      2020$5,975 -4%$29,922 -13%
      2019$6,221 +1.7%$34,394
      2018$6,115 +22.1%$34,394 +29.1%
      2017$5,009 +3.6%$26,644
      2016$4,836 +9.9%$26,644
      2015$4,402 +1.2%$26,644 +2.4%
      2014$4,349 +236%$26,007 +252.4%
      2013$1,294 -69.3%$7,379 -71.6%
      2012$4,219 +2.8%$26,007 -11.4%
      2011$4,105 +2.9%$29,369
      2010$3,990 +81.3%$29,369
      2009$2,201 -50.6%$29,369 -22.3%
      2008$4,460 +9.6%$37,806
      2007$4,071 +23.1%$37,806
      2006$3,307 +11.7%$37,806 +48.6%
      2005$2,961 +3.6%$25,440
      2004$2,859 -29%$25,440
      2003$4,026 +62.1%$25,440 +84%
      2002$2,483 +3.8%$13,823
      2001$2,394 +7.9%$13,823
      2000$2,218 -0.7%$13,823 +19.7%
      1999$2,233 $11,548

      Find assessor info on the county website

      Monthly payment

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        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Logan Square

        Getting around

        81 / 100
        Very Walkable
        63 / 100
        Good Transit
        89 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: 299

        Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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