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1243 W Newport Avenue

Chicago, IL 60657
  • $699,900
  • STATUS: Active Under Contract
  • ON SITE: 142 Days
  • MLS #: 11373980
Under Contract
UPDATED: 167 min ago
$699,900
  • 6
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Information

Elementary School:
High School:
School District:
299

Description

Perfect investment or owner-occupant opportunity in this lovely EXTRA-WIDE 30 x 125 lot greystone 2-flat + garden unit with 2-Car garage on fantastic street steps to Wrigley & heart of Southport Corridor. Zoned R3.5. This meticulously maintained 2 flat boasts hardwood floors and woodwork with charming vintage details. The first-floor unit is a spacious 2 bedroom/1 bathroom unit with a living room, separate formal dining room, full bath, kitchen with built-in butler pantry, and in-unit washer dryer. Unit 2 offers a 3 bedroom/1 bathroom floor plan with hardwood floors, spacious living room, separate formal dining room, kitchen, and in-unit washer dryer. The garden unit offers 1 bedroom, full bath, living room, and kitchen. Additional features include central HVAC, rear deck, backyard, and 2-car garage. Easy-to-rent Wrigleyville location with close proximity to CTA Red/Brown/Purple Lines, multiple bus lines, Lake Shore Drive, Belmont Harbor, Whole Foods, and all of the amazing shops, restaurants, and recreation activities Wrigleyville/Southport Corridor have to offer. All units currently rented with $68,700 in gross rental income and $53,352 in net rental income. 7.6% cap rate! Note: Seller is licensed Chicago Broker. Neither seller or listing agent represent the legality of garden unit.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2022-10-01T23:58:22.623 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1243 W Newport Avenue Chicago, IL 60657

  • Price: $699,900
  • Status: Active Under Contract
  • On Site: 142 Days
  • Updated: 167 min ago
  • MLS #: 11373980
6
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Chi - Lake View
County:
Cook
Area:
Chi - Lake View
Elementary School:
Hamilton Elementary School
Middle School:
Hamilton Elementary School
High School:
Lake View High School
School District:
299
Property Description
Perfect investment or owner-occupant opportunity in this lovely EXTRA-WIDE 30 x 125 lot greystone 2-flat + garden unit with 2-Car garage on fantastic street steps to Wrigley & heart of Southport Corridor. Zoned R3.5. This meticulously maintained 2 flat boasts hardwood floors and woodwork with charming vintage details. The first-floor unit is a spacious 2 bedroom/1 bathroom unit with a living room, separate formal dining room, full bath, kitchen with built-in butler pantry, and in-unit washer dryer. Unit 2 offers a 3 bedroom/1 bathroom floor plan with hardwood floors, spacious living room, separate formal dining room, kitchen, and in-unit washer dryer. The garden unit offers 1 bedroom, full bath, living room, and kitchen. Additional features include central HVAC, rear deck, backyard, and 2-car garage. Easy-to-rent Wrigleyville location with close proximity to CTA Red/Brown/Purple Lines, multiple bus lines, Lake Shore Drive, Belmont Harbor, Whole Foods, and all of the amazing shops, restaurants, and recreation activities Wrigleyville/Southport Corridor have to offer. All units currently rented with $68,700 in gross rental income and $53,352 in net rental income. 7.6% cap rate! Note: Seller is licensed Chicago Broker. Neither seller or listing agent represent the legality of garden unit.
Exterior Features

Architectural Style Greystone Exterior Building Type BrickStone Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Lot Size Oversized Chicago Lot Multi Family Type 2 Flat Parking Details Garage Waterfront YN No

Interior Features

Basement Finished Basement Details FullEnglish Bedrooms Below Grade 0 Bedrooms Total 6 Full Baths In Building 3 Half Baths In Building 0 Heating Natural GasForced Air Rooms Total 14

Property Features

Age 91-100 Years Built Before1978 YN Yes Community Features SidewalksStreet LightsStreet Paved Contingency Financing Continue To Show Yes Corporate Limits Chicago General Information None Mls Actual Status Contingent Net Operating Income 53352 New Construction YN No Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Special Listing Conditions List Broker Must Accompany Tax Annual Amount 15348.57 Tax Year 2020 Total Numberof Unitsin Building 3 Total Rental Income 68700 Township Lake View Type Two To Four Units Water Source Lake Michigan

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of @Properties Christie's International Real Estate: 773-472-0200.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2022-10-01T23:58:22.623 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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