1645 N Central Park Avenue, Chicago, IL 60647

• 6 beds |
• 4 baths

Property Description

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.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 7:18AM

Listing Office:

Compass : 773-858-2410

Listing Agent:

Santiago Valdez : 773-858-2410

MLS ID:

12615837

Interior

• Basement: Partially FinishedFull
• Heating: Natural GasForced Air

Exterior

• Style: American 4-Sq.
• Parking: YesGarage OwnedDetachedGarageParking spaces: 2

Construction

• General: American 4-Sq.

Location

• HOA Amenities: OtherPark
• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: MULTI13354180060000

Utilities

• Water: Lake Michigan
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple