6457-61 N Newark Ave., Chicago, IL 60631

6457-61 N Newark Ave., Chicago, IL 60631
Photo 1 of 1
$550,000
Sold on 1/20/22
Beds Baths Sq. Ft. Taxes Built
7 4.00 0 $10,700 1902
On the market: 311 days
View full details, 15 photos, school info, and price history
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 Dympna Fay-Hart, Dream Town Real Estate