Properties

Features
: Window Unit(s)
: Storage Space , Concrete , Partially Finished , Block
Address Map
US
IL
Cook
Harwood Heights
60706
Newcastle
4401
Avenue
W88° 12' 4.4''
N41° 57' 40.3''
Head north on Harlem Avenue and then go east (right) on Montrose Avenue up to Newcastle.
Harwood Heights
Harwood Heights
N
N
MULTI
Additional Information
5624
: Brick , Concrete
: Multi-Family
Circuit Breakers,Fuses,Service - 0 to 100 Amps
Circuit Breakers,Fuses,Service - 0 to 100 Amps
: Concrete Perimeter
58.04 x 123.50
9
9
Commercial
3
: Municipal Water
Peter Drossos Real Estate
Peter Drossos
Financial
: None
20132.14
Listing Information
29594
28406
MRED
Listing Information
Contingent
2026-06-07T18:34:02Z
2026-06-07T18:33:38Z
Property Description

This is a rarely available, all brick, 9-unit corner building in a prime Harwood Heights location! There are seven (7) one-bedroom, one-bathroom units and two (2) two-bedroom, two-bathroom units. All tenants are on a month-to-month basis and all tenants have resided in their respective units for many years. The rents are extremely low. The market can easily absorb higher rents. Presently, this building generates $99,900 in gross rental income. Going forward, this building can easily generate $170,400 in gross rental income based on the following market rents: three (3) garden units at $1,400 per month, four (4) one-bedroom units at $1,600 per unit and two (2) two-bedroom units at $1,800 per unit. Every unit has a functional floor plan but, more importantly, the building and units have a great vibe. You will love it. The common area also features a coin-operated washer and dryer system, and the private parking lot offers the perfect amount of tenant convenience. This highly desirable multi-unit complex is minutes to the Kennedy Expressway, Harlem and Irving Plaza, O’Hare Airport, restaurants, bus stops, Blue Line, Norridge Park as well as highly rated Union Ridge Elementary School and Ridgewood High School! This building and the area is a: gem! A 10!

Commercial Sale For Sale

4401 N Newcastle Avenue, Harwood Heights, Illinois 60706

  • Lot Size: 0.17 Acre
$1,600,000
Listing ID#12628292
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12628292
Price : $1,600,000
Year Built : 1963
Lot Size : 0.17 Acre
Listing Status : Active Under Contract
Roof
Roof : Composition
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