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0 Beds

$695,000

956 N Central Park Avenue, Chicago IL, 60651

Price per sqftN/A
Built in1911
Property typeOther
Listed by Brent Fallows with Fulton Grace Realty 773-698-6648

Overview

Active

Listed Jul 21, 2026

Updated 2 weeks ago

956 N. Central Park Ave. presents a rare opportunity to acquire a well-located mixed-use asset in the rapidly evolving Humboldt Park neighborhood. The property consists of three commercial storefronts and three spacious 2-bedroom, 1-bath residential apartments, providing a balanced income stream with both residential and commercial upside. One commercial space is currently vacant, creating an ideal opportunity for an owner-user seeking to establish a business, lease the space at market rents, or capitalize on its flexibility. A zoning attorney has confirmed that the vacant commercial space is eligible to be converted into a residential dwelling unit, offering investors an attractive value-add strategy to increase long-term income. Investors have an opportunity to increase rental income through strategic lease renewals and repositioning, further enhancing the asset's cash flow and overall value. In addition to the existing cash flow, the property includes a rear parking lot with future redevelopment potential. Whether utilized for additional residential units (subject to approvals), expanded parking, or another creative use, the site offers investors the opportunity to unlock significant long-term value beyond the current operations. 956 N. Central Park Ave. is well-positioned for both immediate cash flow and future appreciation. This is an exceptional opportunity for investors or owner-users seeking a versatile asset with multiple paths to increase value.

$4,624/mo

Est. mortgage payment based on a $695,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12711448

Interior Features

Bedrooms
0
Basement
No

Exterior Features

Lot Size
0.14 Acres

Other Property Details

Taxes
$7,558
Tax Frequency
Annually
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Listed by Brent Fallows with Fulton Grace Realty 773-698-6648

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Data is refreshed every 3 hours. Listing last updated 3:11 AM UTC on 9/25/2026. 

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