3423 N Central Ave - Apartments FOR SALE


Chicago, IL 60634- Portage Park
$499,000 USD
847-778-8746
3423 N Central Ave, Chicago, IL for Sale
$499,000 USD
Apartments - FOR SALE
1/11
null | 4.48% Cap Rate

3423 N Central Ave
Chicago, IL 60634
Portage Park


HIGHLIGHTS

  • Building-Owned Common Area Laundry
  • Large Residential Floorplans (2BR-4BR)
  • 450 SF of Retail Space

OVERVIEW

5555 W. Newport is a 5-unit mixed-use asset located in Chicago’s Portage Park neighborhood. The property includes one ground-floor retail space along with four residential units, consisting of two 4-bedroom apartments, one 3-bedroom apartment, and one 2-bedroom apartment—a rare large-format mix that appeals to renters seeking extra space in a strong Northwest Side rental corridor. Built in 1961 with 4,400 rentable square feet, the building features durable masonry construction, a building-owned common area laundry, separate tenant-paid electric and gas, and owner-paid water. Positioned on a quiet block near parks, schools, retail, and major transit routes, the property provides steady income with clear upside potential through interior modernization. B3-1 Zoning.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$72 USD /SF

# OF UNITS

5

PRICE/UNIT

$99,800

CAP RATE

4.48%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5555 W. Newport Ave.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,705 SF

ZONING

B3-1

APN/PARCEL ID

13-21-312-038-0000

ASK ABOUT THIS PROPERTY

Matthew FritzshallTriton Realty Group, LLCMore Info
847-778-8746

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Matthew FritzshallTriton Realty Group, LLCMore Info
847-778-8746

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