Property Overview

Interra Realty has been exclusively engaged to market 2823 N. Central Park Avenue, Chicago, for sale. The subject investment property is an eight unit multifamily building in the Avondale Neighborhood, just north of the border of Logan Square.

The unit mix is comprised of all two bedroom layouts, half of which have two bathrooms. The front units were fully gut rehabbed and offer in-unit laundry equipment. The rear units were modernized and have access to common laundry equipment on-site. A new investor may elect to add in-unit laundry to the rear units to realize higher rent levels, as demonstrated by the front units.

Recent capital improvements include: upgraded electrical service, copper plumbing (in front units), significant repairs to the roof in 2026, and porch repairs.

The property is being offered for sale with non-recourse agency financing, fixed at a below-market interest rate until November 2029.

Highlights

  • Dynamic Avondale / Logan Square Location
  • All Two Bedroom Layouts with Modern Finishes and Individual HVAC
  • Front Units Offer In-Unit Laundry / Rear Have Access to On-Site Equipment
  • Recent Plumbing, Electric, Roof and Porch Improvements
  • Assumable Freddie SBL – 71% LTV, 5.44% Rate, Matures 11/1/2029

Key Details

Sale Price
$2,700,000
Number of Units
Eight (8)
Submarket
Avondale / Logan Square Border