720 N Central Park Avenue, Chicago, IL 60624
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
720 N Central Park Avenue,Chicago, IL 60624
$724,900
- 11 Beds
- 7 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: george ayling
Office: select a fee re system
MLS#:12792292
Source:MLSNI
Price summary
- Price:$724,900
About this home
Discover an incredible multi-family asset in a booming neighborhood with unlimited income potential. Originally constructed as luxury condominiums-offering an investor the future flexibility to deconvert and sell individually-this fully gated building delivers top-notch construction and modern convenience throughout. Property Highlights: Spacious Layouts: Three expansive units, each offering approximately 1,400 sq. ft. of living space with hardwood floors throughout and convenient in-unit laundry. Unit Features: Each unit boasts 3 bedrooms and 2 full bathrooms, including a private en-suite 2nd bath in the primary bedroom. Enjoy a large, well-appointed kitchen and dining area with abundant cabinetry and newer stainless steel appliances, plus private outdoor decks accessible from both the primary bedroom and kitchen. Flexible Living Options: The first-floor unit was originally configured as a 5-bedroom, 3-bathroom duplex-down with a spacious family room. Currently converted to a 2-bedroom, 1-bathroom layout, it can easily be converted back for related living or duplex-down arrangements. Utilities & Efficiency: Independent HVAC and central air for every unit. Equipped with 4 gas meters and 4 electric meters-the owner pays water only. Recent Upgrades & Maintenance: Brand new roof installed in 2023, newer mechanical equipment in most units, and recent tuckpointing and block sealing (October 2026). Exterior & Security: Fully gated property featuring 3 secure parking spaces and dedicated secure storage for every unit. Prime Location: Situated directly across the street from a wonderful neighborhood park in a rapidly growing area surrounded by new development. Financial Potential: With estimated rental values easily reaching $2,500 per unit, this turnkey property represents a fantastic, high-yield addition to any investor's portfolio. Units 1-3 are projected, unit 4 is actual....
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Home facts
- Year built:2007
- Listing ID #:12792292
- Updated:November 08, 2026 at 12:29 PM
Rooms and interior
- Bedrooms:11
- Total bathrooms:7
- Full bathrooms:7
- Rooms Total:21
- Bathrooms Description:Whirlpool
- Basement Description:Full, Partially Finished
Heating and cooling
- Heating:Gas
Structure and exterior
- Roof:Rubber
- Year built:2007
- Architectural Style:Contemporary
- Foundation Description:Concrete Perimeter
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$724,900
- Tax amount:$8,317 (2025)
Parking
- Total parking spaces:3
- Parking description:Assigned
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