814 West Newport Avenue

Chicago, IL 60657

$1,550,000
Price
9
Beds
5
Baths
1
1/2 Bath
3,600 Sq. Ft.
$431 / Sq. Ft.
3,600
Sq. Ft.
$431
per Sq. Ft.

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

  1. Derek DiSera

    Derek DiSera

    Listing Agent

    Compass

    derek.disera@compass.com

    P: (773)-255-1550

Property Details for 814 West Newport Avenue

Area
CHI - Lake View
Township
Lake View
Ownership
Fee Simple
Num Of Parking Spaces
4.0
Heat/Fuel
Natural Gas, Forced Air
Architectural Style
Greystone
Zoning
MULTI
LISTING UPDATED: 12/13/2024 09:00 AM

Property Details for 814 West Newport Avenue

StatusContingent
MLS #12188936
Days on Market61
Taxes$21,281 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1900
Lot Size0.07 AC / 2,925 SF
CountyCook 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

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Nettelhorst Elementary School
  • High School District: 299
  • High School: Lake View High School
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Alley Access, Oversized, Rear/Side Entry
  • Parking On Site: true
  • Parking Ownership: Owned
Property Information
Interior Features
  • Num Of Rooms: 18
  • Bedrooms (Below Grade): 0
  • Basement Type: Full, Walkout
  • Bedrooms Possible: 9
  • Basement Description: Unfinished, Exterior Access, Bathroom Rough-In
  • # Full Baths in Building: 5
  • # Half Baths in Building: 1
  • Num of Baths: 5.1
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2015
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Standard Chicago Lot
  • Lot Dimensions: 25 X 117
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Brick, Stone
  • General Information: None
  • North Coordinate: 3450
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 814
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 57
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: Image360
  • Virtual Tour YN: Yes
Multi Family
Unit 1
  • Unit Type Actual Rent: $2,670.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 8/25
Unit 2
  • Unit Type Actual Rent: $3,200.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 8/25
Unit 3
  • Unit Type Actual Rent: $2,990.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 8/25

Property History for 814 West Newport Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 12/13/2024 09:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.