814 W Newport Ave
Chicago, IL 60657
9 Beds
6 Baths
- Sq Ft
48 Days on Market
For Sale $1,600,000
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Courtesy of Compass

Listing Agent & Comments

Derek DiSeraCompass
773-466-7150ddisera@gmail.com
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 and/or down into the basement for a 4th, legal apartment or combine with the first-floor unit to create a large duplex-down unit! A unique side & back alley allows for 4 full exterior parking spots (with room to expand for a 5th spot) all 4 are currently rented through Spot-Hero with an outstanding annual income of $23K! 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! - UNIT #3; 3-bed/1.5-bath (can easily add a shower for 2nd full bath) - lease exp 7/31/25 @ $3,010 per month...UNIT #2; 2-bed/2-bath and is currently vacant (was last rented for $3,100 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 $128,877 minus - $31,354 in total expenses = $97,523 (NOI) ANNUAL NET OPERATING INCOME for a Solid 6.1% CAP rate.***Also, investing an additional $100K in creating a legal 4th garden unit (which is allowed under the current R5 zoning) & 5th parking spot brings the CAP rate up to 7.8%!

MLS# MRD12102937 • Data provided by MRED as distributed by MLS Grid
Additional home details
Living Area--
Lot Size--
Total Rooms--
Bedrooms9
Bathrooms6
Stories--
Year Built1900
Property TypeMulti Family
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2022
Tax Amount$21,281
Property in Flood Zone--
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More Information On This Home
This home's estimated value
$1,363,679
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
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HouseCanary, Inc. Brokerage

814 W Newport Ave., Chicago, IL 60657

Multi Family
9 Beds
6 Baths
- Sq Ft
48 Days on Market

Listing Agent & Comments

Derek DiSeraCompass
773-466-7150ddisera@gmail.com
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 and/or down into the basement for a 4th, legal apartment or combine with the first-floor unit to create a large duplex-down unit! A unique side & back alley allows for 4 full exterior parking spots (with room to expand for a 5th spot) all 4 are currently rented through Spot-Hero with an outstanding annual income of $23K! 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! - UNIT #3; 3-bed/1.5-bath (can easily add a shower for 2nd full bath) - lease exp 7/31/25 @ $3,010 per month...UNIT #2; 2-bed/2-bath and is currently vacant (was last rented for $3,100 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 $128,877 minus - $31,354 in total expenses = $97,523 (NOI) ANNUAL NET OPERATING INCOME for a Solid 6.1% CAP rate.***Also, investing an additional $100K in creating a legal 4th garden unit (which is allowed under the current R5 zoning) & 5th parking spot brings the CAP rate up to 7.8%!

MLS# MRD12102937 • Data provided by MRED as distributed by MLS Grid
Additional home details
Living Area--
Lot Size--
Total Rooms--
Bedrooms9
Bathrooms6
Stories--
Year Built1900
Property TypeMulti Family
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2022
Tax Amount$21,281
Property in Flood Zone--
We’ll connect you with top agents in your area.
Missing property details data
This property is missing data for:
Comparable properties
New
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For Sale $1,600,000
Request tour
Save
Courtesy of Compass
814 W Newport Ave
Chicago, IL 60657
9 Beds
6 Baths
- Sq Ft
48 Days on Market

Listing Agent & Comments

Derek DiSeraCompass
773-466-7150ddisera@gmail.com
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 and/or down into the basement for a 4th, legal apartment or combine with the first-floor unit to create a large duplex-down unit! A unique side & back alley allows for 4 full exterior parking spots (with room to expand for a 5th spot) all 4 are currently rented through Spot-Hero with an outstanding annual income of $23K! 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! - UNIT #3; 3-bed/1.5-bath (can easily add a shower for 2nd full bath) - lease exp 7/31/25 @ $3,010 per month...UNIT #2; 2-bed/2-bath and is currently vacant (was last rented for $3,100 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 $128,877 minus - $31,354 in total expenses = $97,523 (NOI) ANNUAL NET OPERATING INCOME for a Solid 6.1% CAP rate.***Also, investing an additional $100K in creating a legal 4th garden unit (which is allowed under the current R5 zoning) & 5th parking spot brings the CAP rate up to 7.8%!

MLS# MRD12102937 • Data provided by MRED as distributed by MLS Grid
Additional home details
Living Area--
Lot Size--
Total Rooms--
Bedrooms9
Bathrooms6
Stories--
Year Built1900
Property TypeMulti Family
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2022
Tax Amount$21,281
Property in Flood Zone--
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,363,679
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
Missing property details data
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $1,600,000
Request tour
Save
Courtesy of Compass