$ 1,600,000
-
$1,600,000
Price -
0
Bed -
0
Bath -
5,624
SqFt
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About the Listing 28406 - 29594
This is a rarely available, all brick, 9-unit corner building in a prime Harwood Heights location! There are seven (7) one-bedroom, one-bathroom units and two (2) two-bedroom, two-bathroom units. All tenants are on a month-to-month basis and all tenants have resided in their respective units for many years. The rents are low. The market can easily absorb higher rents. Presently, this building generates $99,900 in gross rental income. Going forward, this building can easily generate $170,400 in gross rental income based on the following market rents: three (3) garden units at $1,400 per month, four (4) one-bedroom units at $1,600 per unit and two (2) two-bedroom units at $1,800 per unit. Every unit has a functional floor plan but, more importantly, the building and units have a great vibe. You will love it. The common area also features a coin-operated washer and dryer system, and the private parking lot offers the perfect amount of tenant convenience. This highly desirable multi-unit complex is minutes to the Kennedy Expressway, Harlem and Irving Plaza, O'Hare Airport, restaurants, bus stops, Blue Line, Norridge Park as well as highly rated Union Ridge Elementary School and Ridgewood High School! This building and the area is a: gem! A 10!
Listing Highlights
Status
Active
Days on Site
35
Property Type
Multi-Family
MLS ®
12628292
Year Built
1963
Total Square Footage
5,624
Lot/Acreage
0.18
County
Cook
Area
Harwood Heights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Radiators,Baseboard
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Partially Finished,Block,Concrete,Storage Space
- Other:
- Water: Municipal Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 58.04 x 123.50
- Zoning: MULTI
- Roof: Composition
- Others:
- Sewer:
- Parking Features: 6-12 Spaces,Common Parking,Open,Paved,Private Lot,Parking On-Site,Parking-Street
Financial Details
- Tax Amount: $20,132
- Taxes w/Assessments: N/A
- Tax/Property ID: 13181190260000
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
4401 N Newcastle Ave Harwood Heights, IL 60706
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