Waterfront
Address
6457-61 N Newark Avenue Chicago, IL
Price
$ 550,000
Property Attributes
  • MLS#11021498
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Norwood Park
  • NeighborhoodNorwood Park East
  • Zip60631
  • Style
  • Year Built1902
  • Taxes$ 10700
  • Price$ 550,000
  • Bedrooms7
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage4700
Listing Provided Courtesy Of:
Dream Town Realty
Data Source:
Midwest Real Estate Data (MRED) - 103 - IL
Property 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 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!

Price History
3/15/2021 Listed $575,000
4/19/2021 5% - $550,000

General Features

Basement Full
Elementary School District 299
Exterior Features Patio, Storms/Screens
Heating Natural Gas, Forced Air, Steam, Baseboard
High School District 299
Middle/Junior School District 299
New Construction No
Ownership Fee Simple
Property Type Two to Four Units
Property Type Residential Income
Sewer Public Sewer
Standard Status Active
Tax Annual Amount 10700
Total Rooms 19
Township Jefferson
Zoning OTHER

Interior Features

Basement Unfinished
Bedrooms Possible 7
Full Baths 4
Full Baths Building 4
Full Baths Unit 1 1
Full Baths Unit 2 1
Full Baths Unit 3 1
Full Baths Unit 4 1
Total Baths 4
Total Bedrooms 7

Exterior Features

Exterior Aluminum Siding
Foundation Details Brick/Mortar
Lot Dimensions 8500SF
Lot Features Corner Lot
Water Source Lake Michigan, Public
Waterfront Y/N Yes

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60631

Price
AVG $530K
$550K
Taxes
AVG $7,185
$10,700
Visits
AVG 25
83
Year Built
AVG 1945
1902
Walkscore
AVG 69
56
Data Provided by Walkscore ® not using MLS data

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