About This Home

This 11-bedroom, 7-bathroom residential multi family at 720 N CENTRAL PARK Avenue in Chicago, IL is listed for $724,900. Built in 2007, on a N/A lot.

Key Features

  • Built in 2007
  • 3 parking spaces

Property Details

7 full
3 spaces
2007
Listing 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.

Monthly Cost Estimate

$3,877/mo

20% down · 6.5% · 30 years

Principal$524
Interest$3,141
Insurance$211

Estimates only. Actual payments may vary.

Location

720 N CENTRAL PARK Avenue

Chicago, IL 60624

Property Details

Construction

Brick Masonite

Outdoor Features

Deck

Parking

Assigned

Heating

Natural Gas

Questions & Answers

This 11-bedroom, 7-bathroom residential multi family at 720 N CENTRAL PARK Avenue is listed at $724,900. The estimated monthly payment is $3,876 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2007, 3 parking spaces.

This property is listed by George Ayling.

GA

George Ayling

Agent at Select A Fee Real Estate System & Rentals

Listed by Select A Fee Real Estate System & Rentals · Broker phone: (708) 466-4093 · View on Broker Site · Broker website

MLS# 12792292· Source: Midwest Real Estate Data, LLC· 3 days on PropertySimple

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

720 N CENTRAL PARK Avenue, Chicago, IL 60624

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