1120 W Newport Ave - Apartments FOR SALE


Chicago, IL 60657- Lakeview
$1,439,000 USD
312-676-1875
1120 W Newport Ave, Chicago, IL for Sale
$1,439,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

1120 W Newport Ave
Chicago, IL 60657
Lakeview


OVERVIEW

Rare Investment Opportunity in Prime Lake View Location With Significant Rental Growth Potential Presenting an architecturally stunning and well-maintained four-unit property, featuring a front two-flat and a two-unit coach house. This exceptional property offers spacious living arrangements, ideal for both investors and owner-occupants. Unbeatable Location Nestled in the heart of Lake View, this property is just two blocks east from the bustling Southport Corridor and within a short walk to Wrigley Field, theaters, parks, premier shopping, and an array of top-rated restaurants. Additionally, it falls within the highly sought-after Hamilton School District. Front Building • First-Floor Unit: 1 bedroom, 1 full bath, plus a duplex-down featuring an additional bedroom, bath, and sitting area. A sun-filled living room, a well-appointed kitchen, and beautiful hardwood floors enhance the unit. Comfort is ensured with air conditioning, a gas-forced air furnace, and in-building laundry facilities. • Second-Floor Unit: 1 bedroom, 1 bath, highlighted by original woodwork and doors that retain the home’s classic appeal. Includes a thoughtfully designed kitchen, gas-fired furnace with A/C, and in-unit washer and dryer. Coach House • First-Floor Unit: 1 bedroom, 1 full bath, plus a duplex-down bedroom and bath. A sunlit living room and stylish kitchen create a cozy yet spacious feel. Features include central air conditioning, a gas-forced air furnace, and hardwood floors. • Second-Floor Unit: 1 bedroom, 1 bath, featuring charming original woodwork and doors. Includes a well-equipped kitchen and gas-fired furnace with central A/C. Additional Property Highlights • Basement with washer and dryer, mechanical systems, and utilities. • Recent updates include a newer roof, parapet wall repairs, and upgraded windows. • Individually metered for gas and electricity, providing convenience for both owners and tenants. This is a rare opportunity to own a versatile, character-filled property in one of Chicago's most desirable neighborhoods. Don’t miss your chance to invest in this exceptional offering!

FOR SALE DETAILS

PRICE

$1,439,000 USD

PRICE/SF

$307 USD /SF

# OF UNITS

4

PRICE/UNIT

$359,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1896

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

RT-3.5

APN/PARCEL ID

14-20-408-021-0000

ASK ABOUT THIS PROPERTY

Tim Rasmussen, CCIMSVN | Chicago CommercialMore Info
312-676-1875

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Tim Rasmussen, CCIMSVN | Chicago CommercialMore Info
312-676-1875

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.