3031 S Central Park Ave, Chicago, IL, 60623
About This Home
Don't miss out on this SOLID BRICK 4-UNIT in the heart of LITTLE VILLAGE, an area known for its STRONG RENTAL DEMAND and CONSISTENT TENANT POOL! This CASH-FLOWING property features a SPACIOUS 3-BEDROOM UNIT with a RECENTLY UPDATED BATHROOM, offering modern comfort and added appeal. The three additional units each feature 2 BEDROOMS and 1 BATHROOM, providing excellent RENTAL POTENTIAL. The property also includes an UNFINISHED BASEMENT for TENANT STORAGE and a 2-CAR GARAGE with RECENTLY REPLACED SIDING. Conveniently located near I-55, the CTA PINK LINE, and MULTIPLE BUS ROUTES, this property offers EASY ACCESS for COMMUTERS, STUDENTS, and EVERYDAY RENTERS. Whether you're looking to GROW YOUR PORTFOLIO or purchase your FIRST INVESTMENT PROPERTY, this is a fantastic opportunity to own a TURNKEY, INCOME-PRODUCING property with STRONG CASH FLOW and LONG-TERM UPSIDE!
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1908
Materials
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Unfinished,Full
Bedrooms & Bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Heating features: Natural Gas
Property
Details
- Parcel number: 16264240130000
- Zoning: MULTI
- Special condition: None
Lot
- Lot size: 3,125 sqft
- Lot size dimensions: 25X125
Parking
- Total spaces: 2
- Parking features: Yes,Garage Owned,Detached,Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Tornado
- Inland Flooding
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,350 | $28,200 |
| Home Insurance * | $408 | $4,896 |
| Property Taxes | $670 | $8,040 |
| Electricity | $130 | $1,569 |
| Total | $3,558 | $42,696 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-20 | Price change | $464,900 |
| 2026-07-06 | Listed for sale | $474,900 |
| 2026-06-22 | Listing removed | $479,900 |
| 2026-05-20 | Listing removed | $479,900 |
| 2026-03-17 | Contingent | $479,900 |
| 2026-03-09 | Price change | $479,900 |
| 2026-02-20 | Listed for sale | $489,900 |
| 2025-09-15 | Listing removed | $479,900 |
| 2025-08-18 | Price change | $479,900 |
| 2025-08-02 | Listed for sale | $484,900 |
| 2025-07-23 | Contingent | $484,900 |
| 2025-07-08 | Price change | $484,900 |
| 2025-06-12 | Listed for sale | $494,900 |
| 2012-01-04 | Sold | $1 |
| 1999-07-30 | Sold | $139,500 |
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