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Exclusive Listing

MLS #11021498

6457-61 N Newark Avenue , Chicago IL, 60631
Norwood Park Two to Four Units

Bed: 7 | Bath: 4 | Tax: 10700 | HOA: -

For Sale: $550,000

-87.7989454,41.9986651

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Listing Agent
Dympna Fay-Hart

Dympna Fay-Hart


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    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!


    Features and Information

    Property Information

    • List Price: $550,000
    • Tax: $10,700
    • Square Feet: -
    • Market Time: 61
    • Status: Active
    • Type: Two to Four Units
    • Built: 1902
    • Garage Spaces: -
    • Dimensions: 8500SF

    Property Location

    • Address: 6457-61 N Newark Avenue
    • Unit: -
    • Unit Floor Level: -
    • City/State: Chicago
    • ZIP: 60631
    • MLS Area: CHI - Norwood Park
    • County: Cook
    • PIN #: 10313110290000

    Features

    • Heat: Gas,Forced Air,Hot Water/Steam,Baseboard
    • Air Conditioning: -
    • Appliances: -
    • Parking: None
    • Age: 100+ Years
    • Exterior: Aluminum Siding
    • Assessments Include: -

    Rooms

    • Total Rooms: 19
    • Bedrooms: 7
    • Master Bedroom: -
    • Bathrooms: 4
    • Master Bath: -

    Copyright 2020 MRED LLC - The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Schools In The Norwood Park Area

    See grade levels, address, and scores for schools in the Norwood Park area.

    School data provided by GreatSchools.School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly. GreatSchools Ratings provided by GreatSchools.org.

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