6457-61 North Newark Avenue
6457-61 North Newark Avenue
$550,000
7
4
4,700
4,700
$117
Closed 1/20/22
Description
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...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!
- Listed by Dympna Fay-Hart • Dream Town Realty
Sold By Platinum Partners Realtors
Property Details for 6457-61 North Newark Avenue
Area
CHI - Norwood Park
TownshipJefferson
OwnershipFee Simple
Num Of Cars0.0
Parking Included in PriceYes
Heat/FuelNatural Gas, Forced Air, Hot Water/Steam, Baseboard
ZoningOTHER
Location
LISTING UPDATED: 01/21/2022 01:12 PM
Property Details for 6457-61 North Newark Avenue
Status | Closed |
---|---|
MLS # | 11021498 |
Days on Market | 311 |
Taxes | $10,700 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 4 Flat |
Year Built | 1902 |
Lot Size | 0.20 AC / 8,500 SF |
County | Cook County |
Location
Building Information for 6457-61 North Newark Avenue
Stories-Residences4Year Built1902Building Size-Lot Size0.20 AC / 8,500 SF
Payment Calculator
$3,893 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 6457-61 North Newark Avenue
Property History for 6457-61 North Newark Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 6457-61 North Newark Avenue
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 7 to 12 | |||
Public - | 9 to 12 | |||
Public - | PK to 3 |
Rating | School | Distance |
---|---|---|
Onahan Elementary School PublicPK to 8 | ||
Taft High School Public7 to 12 | ||
Ombudsman Chicago Northwest Public9 to 12 | ||
Beard Elementary School PublicPK to 3 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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