Sold for $550,000 on 1/20/22
| Beds |
Baths |
Built |
Sq.Ft. |
Garage |
Taxes |
On Market |
| 7 |
4 |
1902 |
— |
0 |
$10,700 |
1131 days |
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!
Listing courtesy of Dream Town Real Estate
6457-61 N Newark Ave. is a multi-unit home built in 1902, and is located in Chicago, IL, in the Norwood Park neighborhood. It has 7 bedrooms and 4 bathrooms, and has annual property taxes of $10,700.
Marco Amidei
(888) 32-Marco (847) 630-4886
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