Commercial > Multi-family / Apartments
Active
10/15/2024
List Price
$1,550,000
814 Newport Ave
Chicago, IL 60657
- 9Beds
- 6Baths
- 4,050ft²Living Area
- 2,915ft²Lot Size
- -Pool
- 4Car
- 1900Year Built
- 4DOM
- -Permit
814 Newport Ave, Chicago, IL 60657 is a 9 bed, 6 bath, 4,050 ft² multi-family/apartments property built in 1900 on a 0.067 acre lot. This multi-family/apartments is currently for sale for $1,550,000, and it was last sold in 2006 for $935,000.
MLS Description
The listing agent's description. Original Listing
Stunning Rehabbed Greystone 3-flat + tall basement on a quiet 1-way street steps from Wrigley Field & Halsted! Great investment or perfect for a live-in owner. Exceptional income and 2 of the 3 units have been tastefully rehabbed including 2 newer kitchens with modern, flat-panel & shaker-style cabinets, granite countertops & stainless-steel appliances, and newer baths. ALL 3 UNITS HAVE 3 BEDROOMS, IN-UNIT LAUNDRY, GFA w/ CENTRAL-AIR CONDITIONING & 2 BATHROOMS, Large formal living room & dining rooms with Hardwood Floors throughout. All New Windows in 2011, newer Mechanicals (newer plumbing supply, some new electric, etc) & more! VERY Tall Basement and GENEROUS RM-5 ZONING (FAR = FLOOR AREA RATION OF 2.0) will allow for further income by expanding up (for a large duplex-up apartment) and/or down into the tall basement for a 4th, legal apartment OR combine with the first-floor unit to create a very large duplex-down unit! A unique side & back alley allows for 4 full exterior parking spots (with room to expand for a 5th parking spot) all 4 are currently rented through Spot-Hero with an outstanding annual income of $23K! (each spot averages $479 per month per spot). Excellent location with a short walk to Wrigley Field and steps from all the Wrigleyville & Lakeview amenities on Halsted & Clark including great area restaurants, coffeehouses, shopping, nightlife, parks, lakefront, EL stop, schools & more! - Top Floor/UNIT #3; 3-bed/1.5-bath (can easily add a shower for 2nd full bath) - lease exp 7/31/25 @ $2,990 per month...UNIT #2; 2-bed/2-bath and was just rented @ $3,200 per month ...UNIT #1; 3-bed/2-bath (lease exp 7/31/25 @ $2,670 per month). 4 gas meters and 4 electric panels. ***EXCELLENT TOTAL ANNUAL INCOME of $129,320 minus - $31,354 in total expenses = $97,966 (NOI) TOTAL ANNUAL NET OPERATING INCOME for a Solid 6.1% CAP rate.***Also, investing an additional $120K in creating a legal 4th garden unit which is allowed under the current R5 zoning (existing ceiling height is very tall @ 7'-8") & 5th parking spot brings the CAP rate up to 8%!!
Listing Agents
The listing agent for 814 Newport Ave is Derek DiSera.
DD
Derek DiSera
Compass
License: 475138669
Phone: (773) 255-1550
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2021$24,299.19From latest Total Assessed Value20.11%Total Assessed Value$120,837=Land+
Assessed Value$43,725Additions
Assessed Value$77,112
In 2021, taxes billed for 814 Newport Ave were $24,299.19, which is 20.11% from latest Total Assessed Value of $120,837.
Property History
814 Newport Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 814 Newport Ave
Hazard Risks
Tornado211Wind155Hail152Particulates139Weather110Air Pollution105Ozone104Nat'l Avg100Carb Mono98Lead58Earthquake45Hurricane15
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 814 Newport Ave.
Walkability Index
12 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
814 Newport Ave has a walkability score of 12 out of 20, which means that it is in a somewhat walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
19°F
High
34°F
Summer
Average
Low
62°F
High
81°F
In the winter at 814 Newport Ave, temperatures range from 19.42°F to 33.81°F with an average of 26.62°F. In the summer, the temperature ranges from 62.17°F to 80.68°F with and average of 71.43°F.
School Information
Public/private schools serving 814 Newport Ave
Public Schools
Lake View High School
Grades: 9-12
1.21 mi
C-
Nettelhorst Elementary School
Grades: PK-8
0.34 mi
B
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 814 Newport Ave have ratings undefined, and undefined.
Neighborhood
This property is located in North Side, Chicago, IL 60657.
Seasonal Housing units 60657
10%of housing is for seasonal rent.
Daytime Population for 60657
-10%of people during work hours.
Boundary map of North Side.
Crime Index for 60657
139
139
The crime index in 60657 is 139, which is 1.4 times higher than national average.
Market Trends
Historical market data near 814 Newport Ave over selected time period.
Nearby Properties on Newport Ave
- 1840 W Newport Ave, Chicago, IL 60657 (Roscoe Village) is a 1,744 square foot, 4 bedroom, 2.25 bathroom, 0.07 acre property. It was built in 1894 and has an estimate of $938,471 with a price per ft² of $538.
- 1820 W Newport Ave, Chicago, IL 60657 (Roscoe Village) is a 2,288 square foot, 5 bedroom, 2 bathroom, 0.06 acre property.
- 1804 W Newport Ave, Chicago, IL 60657 (Roscoe Village) is a 6,115 square foot, 3 bedroom, 3.25 bathroom, 0.14 acre property. It was built in 1932 and has an estimate of $1,895,194 with a price per ft² of $310.
- 1847 W Newport Ave, Chicago, IL 60657 (Roscoe Village) is a 2,762 square foot, 6 bedroom, 3 bathroom, 0.07 acre property.
- 1839 W Newport Ave # 1, Chicago, IL 60657 (Roscoe Village) is a 2,689 square foot, 4 bedroom, 3 bathroom, 0.08 acre property. It was built in 1910 and has an estimate of $1,071,284 with a price per ft² of $398.
- 1835 W Newport Ave # 2, Chicago, IL 60657 (Roscoe Village) is a 2,100 square foot, 4 bedroom, 2 bathroom, 0.08 acre property.
- 1825 W Newport Ave, Chicago, IL 60657 (Roscoe Village) is a 23,400 square foot and 0.32 acre property.
- 1817 W Newport Ave, Chicago, IL 60657 (Roscoe Village) is a 966 square foot, 3 bedroom, 1 bathroom, 0.07 acre property. It was built in 1895 and has an estimate of $469,620 with a price per ft² of $486.
- 1809 W Newport Ave, Chicago, IL 60657 (Roscoe Village) is a 640 square foot, 1 bathroom, 0.07 acre property. It was built in 1891 and has an estimate of $194,085 with a price per ft² of $303.
- 1222 W Newport Ave, Chicago, IL 60657 (Southport Corridor) is a 3,612 square foot, 8 bedroom, 4 bathroom, 0.09 acre property.
- 1200 W Newport Ave, Chicago, IL 60657 (Southport Corridor) is a 0.19 acre property.
- 1122 W Newport Ave #Apt 2f, Chicago, IL 60657 (Wrigleyville) is a 0.26 acre property. It was built in 1988 and has an estimate of $319,516.
- 1122 W Newport Ave #Apt 2g, Chicago, IL 60657 (Wrigleyville) is a 0.26 acre property. It was built in 1988 and has an estimate of $255,049.
- 1122 W Newport Ave #Apt 3d, Chicago, IL 60657 (Wrigleyville) is a 0.26 acre property. It was built in 1988 and has an estimate of $294,882.
- 1124 W Newport Ave, Chicago, IL 60657 (Wrigleyville) is a 0.26 acre property. It was built in 1988 and has an estimate of $308,100.
- 1122 W Newport Ave #Apt 3f, Chicago, IL 60657 (Wrigleyville) is a 0.26 acre property. It was built in 1988 and has an estimate of $255,049.
- 1140 W Newport Ave, Chicago, IL 60657 (1140 West Newport Condominiums) is a 1,243 square foot, 3 bedroom, 2.25 bathroom, 0.02 acre property. It was built in 1991 and has an estimate of $465,400 with a price per ft² of $374.
- 821 W Newport Ave, Chicago, IL 60657 (Wrigleyville) is a 6,429 square foot, 12 bedroom, 7 bathroom, 0.07 acre property.
- 6360 W Newport Ave, Chicago, IL 60634 (Dunning) is a 1,537 square foot, 2 bedroom, 2 bathroom, 0.1 acre property. It was built in 1949 and has an estimate of $355,332 with a price per ft² of $231.
- 6134 W Newport Ave, Chicago, IL 60634 (Irving Park Blvd. Gardens) is a 1,560 square foot, 3 bedroom, 1 bathroom, 0.1 acre property. It was built in 1923 and has an estimate of $420,825 with a price per ft² of $270.
- 6331 W Newport Ave, Chicago, IL 60634 (Addison Avenue) is a 624 square foot, 2 bedroom, 1 bathroom, 0.09 acre property. It was built in 1912 and has an estimate of $292,605 with a price per ft² of $469.
- 6159 W Newport Ave, Chicago, IL 60634 (Irving Park Blvd. Gardens) is a 1,500 square foot, 3 bedroom, 1 bathroom, 0.1 acre property. It was built in 1928 and has an estimate of $404,159 with a price per ft² of $269.
- 6141 W Newport Ave, Chicago, IL 60634 (Irving Park Blvd. Gardens) is a 1,160 square foot, 3 bedroom, 1 bathroom, 0.1 acre property. It was built in 1928 and has an estimate of $402,286 with a price per ft² of $347.
- 5931 W Newport Ave, Chicago, IL 60634 (Portage Park) is a 1,008 square foot, 2 bedroom, 1 bathroom, 0.09 acre property. It was built in 1953 and has an estimate of $385,230 with a price per ft² of $382.
- 5843 W Newport Ave, Chicago, IL 60634 (Portage Park) is a 1,857 square foot, 4 bedroom, 2 bathroom, 0.09 acre property. It was built in 1922 and has an estimate of $418,083 with a price per ft² of $225.
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