956 N Central Park Avenue, Chicago, IL

About 956 N Central Park Avenue

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.

Listing Map