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Realty of America
720 N Central Park Avenue, Chicago, Illinois 60624
- $724,900
- 11
- BD
- 7
- BA
- List Price
- $724,900
- MLS#
- 12792292
- Status
- NEW
- Type
- Multifamily
- Subtype
- Residential Income
- Bedrooms
- 11
- Bathrooms
- 7
- County
- Cook
- City
- Chicago
- Neighborhood
- Homan Square
- Days On Market
- 0
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.
Additional Information
- School District
- 299
- Corporate Limits
- Chicago
- Tax Year
- 2025
- Year Built
- 2007
- Lot Dimensions
- 30X125
- Lot Size Range
- Oversized Chicago Lot
- Units
- 4
- Parking Spaces
- 3
- Parking Details
- Assigned, Yes
- Heating
- Gas
- Sewer
- Public Sewer
- Basement
- Yes
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