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David Palmer
Broker
REALTOR®, SRES, e-Pro
(815) 566-2437

720 N Central Park Avenue, Chicago, IL 60624

$724,900
  • 720 N Central Park Avenue, Chicago, IL 60624 Main Photo

35 Photos

New to the Market Active
BEDS11 BATHS7 full MLS#12792292
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

Property Description

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.

720 N Central Park Avenue | MLS# 12792292

This multi-family property located at 720 N Central Park Avenue, Chicago, IL 60624 is currently listed for sale with an asking price of $724,900. N Central Park Avenue is located within the District 299 school district. Search Chicago real estate on dpalmer.gogambino.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Partially Finished, Full
Heating: Gas
Home Style: Contemporary
Lot Size: 0.09 Acres
Roof Type: Rubber
Taxes: $8,317
Year Built: 2007

Feature Descriptions

Bath Features: Whirlpool
Exterior: Brick, Masonite
Lot Dimensions: 30X125
Parcel#: 16111070290000
Parking: Assigned, Yes
Sewer: Public Sewer
Total Rooms: 21
Township: West Chicago
Water: Lake Michigan

Local Schools

School District: District 299

Listed By / Shown By

Listed By

Agency Name: Select a Fee RE System
Agency Phone: 312-421-1000

Shown By

Agent Name: David Palmer
Agent Phone: (815) 566-2437
Agency Title: Gambino Realtors

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Estimated Payment

$ 4,197.23 per month $3,292.72 Principal & Interest $693.08 Property Tax $211.43 Homeowner's Insurance

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