BEDS0
BATHS
MLS#12628292
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
Property Description
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. Wait until you see 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 close to it all: Kennedy Expressway, Harlem and Irving Plaza, O'Hare Airport, plenty of nearby restaurants, transportation as well as highly rated Union Ridge Elementary School and Ridgewood High School! This building and the area is a: gem! A 10!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Lot Size: 0.17 Acres
Roof Type: Composition
Stories: 3.0
Taxes: $20,132
Year Built: 1963
Feature Descriptions
Current Use: Multi-Family
Electric: Circuit Breakers, Fuses, Service - 0 to 100 Amps
Exterior: Brick, Concrete
Foundation: Concrete Perimeter
Frontage Type: City Street, Public Road
HVAC: Radiators, Baseboard
Location: Corner
Lot Dimensions: 60 x 125
Miscellaneous Indoor: Laundry Room
Parcel#: 13181190260000
Parking: 6-12 Spaces, Common Parking, Open, Paved, Private Lot, Parking On-Site, Parking-Street
Potential Use: Commercial
Tenant Pays: Electricity
Units: 9
Listed By / Shown By
Listed By
Agency Name: Peter Drossos Real Estate
Agency Phone: 773-593-5626
Shown By
Agent Name: Tina Tendall & Amanda Clark
Agent Phone: (815) 621-3063
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 9,412.03 per month $7,267.70 Principal & Interest $1,677.67 Property Tax $466.67 Homeowner's InsuranceChange Payment Information
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4401 N Newcastle Avenue | MLS# 12628292
This multi-family property located at 4401 N Newcastle Avenue , Harwood Heights, IL 60706 is currently listed for sale with an asking price of $1,600,000. Search Harwood Heights real estate on tina-tendall-amanda-clark.gogambino.com today.