Home Details for 915 W NEWPORT Street

Exceptional opportunity to acquire a fully renovated 3-unit building in a prime Chicago location, offering strong in-place income with immediate upside potential. The second and third-floor units are currently leased at thirty-five hundred and thirty-six fifty per month, respectively, providing stable cash flow from day one. The first-floor 2-bedroom unit is intentionally vacant, offering flexibility for an owner-occupant or for leasing at an estimated three thousand per month. With a projected gross annual income of approximately one hundred twenty-three thousand eight hundred (including additional revenue from on-site laundry), the property presents an attractive pro forma cap rate of approximately five point seven percent at the current asking price. Investors will appreciate the combination of stabilized income and clear value-add potential, while owner-occupants can offset their housing costs with over seven thousand per month in rental income from the upper units. The building has been thoughtfully updated and offers a low-maintenance, turnkey investment in one of Chicago's most desirable neighborhoods. Rarely does an opportunity combine location, condition, and income potential with this level of flexibility.

• Heating Information

  • Natural Gas
  • Forced Air

• Parking

  • Detached
  • Garage

• Basement

  • Unfinished
  • Full