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    6457-61 N Newark Avenue

    Chicago, IL 60631
    • $550,000
    • STATUS: Active
    • ON SITE: 130 days
    • MLS #: 11021498
    UPDATED: 82 min ago
    $550,000
    • 7
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1902
    County:

    School Ratings & Info

    School District:
    299

    Description

    10% capitalization rate investment opportunity! ( rents far below market by Long time owner). Opportunity knocks for this rare multi-unit Heart of Norwood Park "compound" in a walk to Metra train location, on the edge of Chicago and Niles. Legal nonconforming 4 flat has Zoning Compliance Certification on file. There are three structures on this large corner lot- steps from the park- with a total of four units, and one permanent tax index number; Great Live-in, or Investor opportunity! Live in the detached structure and rent out the other three(3) units; All apartments in clean well-maintained condition. Rents below market. The 6457 structure was converted from commercial(grocery store) to residential with all permits on file- and pending use for a business license to revert back to the future owner. Great access to all forms of transportation; Predominantly single-family detached neighborhood; City Park 1/2 block away; Possible Redevelopment Opportunity!

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Helen Oliveri Real Estate. Based on information submitted to the MRED as of 2021-07-24T14:53:35.44 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    6457-61 N Newark Avenue Chicago, IL 60631

    • Price: $550,000
    • Status: Active
    • Updated: 82 min ago
    • MLS #: 11021498
    7
    Beds
    4
    Baths
    0
    ½ Baths
    N/A
    Acres
    1902
    Built
    Neighborhood:
    Chi - Norwood Park
    County:
    Cook
    Area:
    Chi - Norwood Park
    School District:
    299
    Property Description
    10% capitalization rate investment opportunity! ( rents far below market by Long time owner). Opportunity knocks for this rare multi-unit Heart of Norwood Park "compound" in a walk to Metra train location, on the edge of Chicago and Niles. Legal nonconforming 4 flat has Zoning Compliance Certification on file. There are three structures on this large corner lot- steps from the park- with a total of four units, and one permanent tax index number; Great Live-in, or Investor opportunity! Live in the detached structure and rent out the other three(3) units; All apartments in clean well-maintained condition. Rents below market. The 6457 structure was converted from commercial(grocery store) to residential with all permits on file- and pending use for a business license to revert back to the future owner. Great access to all forms of transportation; Predominantly single-family detached neighborhood; City Park 1/2 block away; Possible Redevelopment Opportunity!
    Exterior Features

    Exterior Building Type Aluminum Siding Exterior Features PatioStorms/Screens Foundation Details Brick/Mortar Is Parking Includedin Price Yes Lot Features Corner Lot Number Of Cars 0 Parking None Unit1 Floor Level 1 Unit2 Floor Level 2 Unit3 Floor Level 1 Unit4 Floor Level 1 Waterfront YN Yes

    Interior Features

    3 Bedroom Unit In Building No Appliances Features Unit1 StoveRefrigerator Appliances Features Unit2 StoveRefrigerator Appliances Features Unit3 StoveRefrigerator Appliances Features Unit4 StoveRefrigerator Basement Full Basement Description Unfinished Bathrooms Total Integer 4 Bedrooms Below Grade 0 Bedrooms Possible 7 Full Baths In Building 4 Full Baths In Unit1 1 Full Baths In Unit2 1 Full Baths In Unit3 1 Full Baths In Unit4 1 Half Baths In Building 0 Half Baths In Unit1 0 Half Baths In Unit2 0 Half Baths In Unit3 0 Half Baths In Unit4 0 Heating Natural GasForced AirSteamBaseboard Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 1 Number Of Bedrooms Unit3 1 Number Of Bedrooms Unit4 2 Number Of Rooms Unit1 5 Number Of Rooms Unit2 4 Number Of Rooms Unit3 4 Number Of Rooms Unit4 5 Other Equipment HumidifierCo DetectorsCeiling Fan(S) Rooms Total 19

    Property Features

    Additional Parcels YN No Age Description 100+ Years Built Before1978 YN Yes Corporate Limits Chicago General Information None Gross Income 4400 Lease Exp Date Mo Yr Unit1 5/21 Lease Exp Date Mo Yr Unit2 Mo/Mo Lease Exp Date Mo Yr Unit3 Mo/Mo Lease Exp Date Mo Yr Unit4 10/21 Lot Size .25-.49 Acre Lot Size Dimensions 8500SF Model Legal Nonconforming 4 Flat New Construction YN No Property Sub Type 4 FlatCoach House Rebuilt YN No Rehab YN No Security Deposit Unit1 1400 Security Deposit Unit2 0 Security Deposit Unit3 0 Security Deposit Unit4 1295 Sewer Public Sewer Special Assessments N Special Listing Conditions None Special Service Area N Tax Annual Amount 10700 Tax Year 2019 Tenant Pays Unit1 ElectricGasHeat Tenant Pays Unit2 ElectricGasHeat Tenant Pays Unit3 ElectricGasHeat Tenant Pays Unit4 ElectricGasHeat Total Rental Income 4400 Unit1 Rent 1400 Unit2 Rent 1000 Unit3 Rent 875 Unit4 Rent 1295 Water Source Lake MichiganPublic Zoning Other

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Dream Town Realty.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Helen Oliveri Real Estate. Based on information submitted to the MRED as of 2021-07-24T14:53:35.44 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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