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COMANDIS Residential

info@comandis.com +1(773) 453-7515

Listed by Peter Drossosof Peter Drossos Real Estate

$ 1,600,000

Est. payment | -/mo

5,624 SqFt

Save

$ 1,600,000

Est. payment | -/mo

Save

5,624 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 5,624 sqft

Price per Sqft $284

MLS Listing ID 12628292

Year Built 1963

Annual Tax Amount $20,132

Tax Year 2025

Lot Size 7,405 Sqft

Lot Dimensions 60 x 125

Property Sub-Type Multi Family 5+

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. You will love 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 minutes to the Kennedy Expressway, Harlem and Irving Plaza, O'Hare Airport, restaurants, bus stops, Blue Line, Norridge Park as well as highly rated Union Ridge Elementary School and Ridgewood High School! This building and the area is a: gem! A 10!

Location

State IL

County Cook

Zoning MULTI

Rooms

Basement Partially Finished, Block, Concrete, Storage Space

Interior

Cooling Window Unit(s)

Fireplace Y

Exterior

View Y/N true

Roof Type Composition

Building

Foundation Concrete Perimeter

Water Municipal Water

Structure Type Brick,Concrete

Others

HOA Fee Include None

Property Map & Nearby Schools

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

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+1(773) 453-7515

info@comandis.com

4401 N Newcastle Avenue Harwood Heights, IL 60706