50
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$1,600,000
Est. payment /mo
5,624 SqFt
New
4401 N Newcastle AVE Harwood Heights, IL 60706
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Key Details
Property Type Multi-Family
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
Maintenance Fees $7,648
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
Area Harwood Heights
Zoning MULTI
Rooms
Basement Partially Finished, Block, Concrete, Storage Space
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Roof Type Composition
Building
Dwelling Type Multi Family 5+
Water Municipal Water
Structure Type Brick,Concrete
Others
HOA Fee Include None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Peter Drossos of Peter Drossos Real Estate
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