Chicago · Cook County · IL
Homes for sale in
Park Place Tower.
- Active listings
- 2
- Median list
- $218K
- Avg time on market
- 30 days
- Sold · last year
- 22
Active listings
2 homes on the market
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About the community
An accessible full-service lakefront tower in Buena Park.
Park Place Tower is a 56-floor high-rise condominium at 655 W Irving Park Road on Chicago's North Side, in the Buena Park pocket of Lakeview East, about a half block from Lincoln Park and the Lake Michigan lakefront. It is one of the city's largest residential buildings, with 901 units. It was built as rental apartments in 1971 and converted to condominiums in a multi-year renovation that ran from about 2001 to 2006. With median prices in the low $200,000s, it is one of the more accessible ways to own in a full-service, amenity-rich building this close to the lake.
At a glance
56 floors, 901 units
One of Chicago's largest residential towers, built in 1971 and converted to condominiums by 2006.
Olympic-size outdoor pool
A large outdoor pool and sundeck, plus a fitness center noted as bigger than most in-building gyms nearby.
Utility-inclusive assessments
Assessments bundle in heat, air conditioning, and water, so owners tend to see low separate utility bills.
Pet-friendly with a dog run
Cats and dogs are allowed, with an on-site dog run.
Deep amenity package
A movie theater, a party and rec room with billiards, basketball, an on-site market, and a parking garage.
Half a block to the lakefront
Steps from Lincoln Park, the Lakefront Trail, Montrose Beach, and the harbor.
CTA Red Line nearby
Close to the Sheridan station and Lake Shore Drive for a quick trip downtown.
Chicago Public Schools
Brennemann Elementary and Lake View High School are commonly cited nearby. Confirm the boundary with the CPS locator.
What’s close
Park Place Tower sits in Buena Park at 655 W Irving Park Road, a half block from the lakefront and adjacent to the north end of Lincoln Park.
- Building amenities
- The outdoor pool and sundeck, the fitness center, a theater, a rec room, a dog run, an on-site market, and garage parking.
- Recreation
- Lincoln Park, the Lakefront Trail, Montrose Beach, and the harbor, all within an easy walk.
- Nearby
- Wrigleyville and Wrigley Field, plus the Uptown and Northalsted entertainment districts.
- Schools
- Chicago Public Schools, with Brennemann Elementary and Lake View High School commonly cited. Confirm the boundary by address with CPS.
- Transit
- The CTA Red Line Sheridan station and multiple bus routes, with DuSable Lake Shore Drive for a fast drive to the Loop.
- Parking
- An attached garage with self-park and valet options, leased separately from the unit.
What it’s actually like to live here
Park Place Tower is one of the most accessible ways to own on Chicago's lakefront. For the price of a modest condo elsewhere, a buyer gets a full-service, amenity-rich tower a half block from the water, steps from Lincoln Park, and a short walk to Wrigley Field, with the beach, the harbor, and the Lakefront Trail essentially in the backyard. The bundled assessment does a lot of the work here: with heat, air conditioning, and water folded into the monthly fee, owners tend to see very low separate utility bills, which makes budgeting simple.
The amenity package is unusually deep for a building at this price point, with an Olympic-size outdoor pool and sundeck, a large gym, basketball, a theater, and a dog run. The building is pet-friendly, and the on-site market and garage add day-to-day convenience. For an urban buyer, a first-time owner, an investor, or someone who wants lock-and-leave convenience near the lake, the combination of price, location, and services is hard to match.
The honest tradeoff is scale. At 901 units and 56 stories, this is a big, busy, high-density building, which means elevator waits at peak times and more turnover and rental activity than a small boutique association. Monthly assessments are meaningful and rise with unit size, so buyers should weigh the low utility bills against a fee that can exceed $1,000 on larger units, review the building's reserves and any special assessments, and price in a separate garage space since street parking is tight.
The questions buyers actually ask
Park Place Tower FAQ
The questions I get most from buyers shopping Park Place Tower. If yours isn't here, text 224-385-8779, same-day reply.
- What does the HOA actually cover?
- Monthly assessments run by unit size, from roughly the mid-$400s for studios to more than $1,000 for the largest two-bedrooms. A key feature is how much they bundle in: multiple sources report the assessment includes heat, air conditioning, and water, plus basic cable and internet, common insurance, door staff, and amenity access, so owners tend to see low separate utility bills. Garage parking is leased separately, and Cook County property taxes are billed separately per unit. Confirm the exact assessment and inclusions for the specific unit.
- What are property taxes like?
- Roughly $2,000 – $4,000 per year, depending on home size and value. Cook County assessor records are the source of truth. Happy to pull a specific bill on any home you're considering.
- When was Park Place Tower built?
- Built as rental apartments in 1971, converted to condominiums 2001 to 2006 built the community between 1971 and 1971. Built as rental apartments in 1971, converted to condominiums 2001 to 2006 stopped new construction in 1971, so every sale today is a resale.
- What's the typical closing timeline?
- 30 to 60 days from accepted offer to keys. Cash deals can close in two weeks. Conventional financing is usually closer to 60.
- How many units and floors does Park Place Tower have?
- It is a 56-floor tower with 901 condominium units, one of the largest residential buildings in Chicago.
- When was it built?
- It was built as rental apartments in 1971 and converted to condominiums between about 2001 and 2006. A few records cite 1973 for the original construction, so treat the exact original year as approximate.
- What do the monthly assessments cover?
- Reported to include heat, air conditioning, water, basic cable and internet, common insurance, door staff, and amenity access. Because so many utilities are bundled, owners tend to see low separate bills. Parking and Cook County property taxes are separate. Confirm the exact amount and inclusions for each unit.
- Is parking available and is the building pet-friendly?
- Yes to both. There is an attached garage with self-park and valet options, leased separately from the unit, and the building allows cats and dogs with an on-site dog run.
- What amenities does the building have?
- An Olympic-size outdoor pool and sundeck, a large fitness center, a full-court basketball setup, a movie theater, a party and rec room with billiards, an on-site market, bike storage, and laundry facilities.
- What is nearby for recreation and transit?
- The lakefront is a half block away, with Lincoln Park, the Lakefront Trail, Montrose Beach, the harbor, and Wrigley Field within an easy walk. The CTA Red Line Sheridan station, several bus routes, and DuSable Lake Shore Drive are all close.
- Who is the real estate agent for Park Place Tower?
- Joe Keegan is the local licensed Illinois real estate broker who covers Park Place Tower in Chicago, IL through Subdiview, a neighborhood-first home search for the Chicago suburbs and collar counties. Joe prices and negotiates from the live MRED sold comps for Park Place Tower specifically, not national averages, and can help you buy or sell here. Reach Joe at 224-385-8779 or joe@joekeeganhomes.com.
Market snapshot
Park Place Tower, by the numbers
Live MRED data, refreshed daily. The numbers below tell you what this market is doing today, not what Zillow's algorithm thinks it might be doing six weeks from now.
Typical list price
$217,500
Typical sale price · last 90 days
$265,000
Homes for sale right now
2
Avg time on market
30 days
Sold in the last year
22
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC for the period July 30, 2025 through July 30, 2026. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market.
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Schools serving Park Place Tower
Where Park Place Tower homes go to school
Homes in Park Place Tower are most often zoned to Senn HS. Open a school to see its area, the district, and every home for sale that feeds it.
School assignment is derived from the school the MRED listing agent entered and is not a guarantee. Always verify current attendance boundaries with the district before writing an offer.
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