$550,000
7
beds
4.0
baths

6457-61 N Newark Avenue

Chicago, Illinois 60631
Contingent / MLS #11021498 / Multiple Unit (2-4) / Norwood Park
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
Parking Type: None
Roof Type: Asphalt
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:

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