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6457-61 North Newark Avenue
Chicago IL 60631 US

$550,000

Pending Listing ID 11021498
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7 bed
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4.00 Bath (4 Full Bath)
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Built in 1902
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Quadruplex

$550,000

Pending Listing ID 11021498
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6457-61 North Newark Avenue 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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Property Features

  • Facts
  • Built in: 1902
  • Property Type: MultiFamily
  • Property Sub-type: Quadruplex
  • Features
  • Full Bathrooms: 4
  • Exterior Finish: Aluminum Siding
  • Roof Type: Asphalt
  • Heating Fuels: Natural Gas
  • Heating Systems: Baseboard, Forced Air, Hot Water, Steam
  • Additional Features
  • Basement
  • Ceiling Fan
  • Patio
  • Waterfront
Listing Changed: 10/27/2021 7:00:10 PM GMT
Source Updated Date: 12/3/2021 6:30:13 AM GMT

Courtesy of: Dympna Fay-Hart, Dream Town Realty

Listing Source - ListHub

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