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$550,000
Favorite
7
beds
4
baths

6457-61 N Newark Avenue

Chicago, Illinois 60631
Closed / MLS #11021498 / Multiple Unit (2-4) / Norwood Park
Listing information updated 1/21/2022 at 1:23pm
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!

Full Features

Exterior Type:
Aluminum Siding
Basement:
Unfinished
Beds Above Grade:
7
Heating System:
Natural Gas, Forced Air, Steam, Baseboard
Pool:
No
Age:
100+ Years
Roof Type:
Asphalt
Parking Type:
None
Room Count:
19
Water Front:
Yes
Square Feet:
N/A
Lot Size:
.25-.49 Acre

Taxes & Assessments

Tax Amount:
$10,700
Tax Year:
2019

Location

Zip Code:
60631
City:
Chicago
County:
Cook

Schools

School District(s):
299
Elementary School:
N/A
Middle School:
N/A
High School:
N/A

Listing Office: Dream Town Realty

Listing Office Phone: 773.250.0400

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 1/21/2022 at 1:23pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

Norwood Park

Norwood Park, IL

A mix of history, recreation, green space, and local establishments make Norwood Park an exciting place to call home. The neighborhood’s historic district features unique curved streets surrounding expansive estates and vintage single-family homes. It’s also home to the Noble-Seymour-Crippen Hou...

Metra

Metra
Union Pacific Northwest line at Norwood Park Metra
$404,061
Average Sale Price
44
Average Days On The Market
98%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 6457-61 N Newark Avenue, Chicago, IL 60631

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6457-61 N Newark Avenue is a multiple unit (2-4) which sold for $550,000. 6457-61 N Newark Avenue features 7 Beds, 4 Baths. This multiple unit (2-4) has been listed on @properties since March 15th, 2021 and was built in 1902. The nearest transit stops include Norwood Park Metra Metra Union Pacific Northwest line.

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