814 West Newport Avenue
$1,550,000
9
5
1
3,600
3,600
$431
Listed By Compass
Contingent
Description
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...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 Agent
Property Details for 814 West Newport Avenue
Area
CHI - Lake View
TownshipLake View
OwnershipFee Simple
Num Of Parking Spaces4.0
Heat/FuelNatural Gas, Forced Air
Architectural StyleGreystone
ZoningMULTI
LISTING UPDATED: 12/13/2024 09:00 AM
Property Details for 814 West Newport Avenue
Status | Contingent |
---|---|
MLS # | 12188936 |
Days on Market | 61 |
Taxes | $21,281 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 3 Flat |
Year Built | 1900 |
Lot Size | 0.07 AC / 2,925 SF |
County | Cook County |
Building Information for 814 West Newport Avenue
Stories-Residences3Year Built1900Building Size-Lot Size0.07 AC / 2,925 SF
Property Information for 814 West Newport Avenue
Property History for 814 West Newport Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 814 West Newport Avenue
Taxable ValueLand$43,725Additions$59,738Total$103,463
Tax Record2022$21,281 ($1,773 / month)
Home Facts
Baths5.5Total Finished SqFt4,050 SqFtAbove Grade Finished SqFt4,050 SqFtStories3Lot Size2,915 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyCOOKAPN14-20-410-048
Schools near 814 West Newport Avenue
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 8 | |||
Public - | K to 8 |
Rating | School | Distance |
---|---|---|
Nettelhorst Elementary School PublicPK to 8 | ||
Lake View High School Public9 to 12 | ||
Inter-American Elementary Magnet School PublicPK to 8 | ||
Hawthorne Elementary Scholastic Academy PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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