Contact us: 563.441.1776
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 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!
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 5,624
County: Cook
Listed By:
Peter Drossos Real Estate
773-593-5626
MRED MLS
MLS ID: 12628292
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4401 N Newcastle Avenue, Harwood Heights, IL 60706.
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,600,000 | $1,600,000 | $1,600,000 |
| Down Payment | $56,000 | $0 | $320,000 |
| Monthly Mortgage Amount | $9,546 | $9,931 | $7,777 |
| Taxes | $2227 | $2227 | $2227 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $960 | $0 | $0 |
| Monthly Estimated Total | $13,200 | $12,625 | $10,471 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/26/2026. The listing information on this page last changed on 04/26/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 04/26/2026 12:05:56 AM EST) or MRED MLS (last updated Sat 04/25/2026 11:58:07 PM EST) or SCWMLS (last updated Sat 04/25/2026 11:54:36 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sat 04/25/2026 10:15:22 PM EST) or Cedar Rapids MLS (last updated Sat 04/25/2026 10:45:02 PM EST) or NEIRBR MLS (last updated Sat 04/25/2026 11:58:40 PM EST) or ICAAR MLS (last updated Sat 04/25/2026 11:37:29 PM EST) or ECIMLS (last updated Sat 04/25/2026 11:44:11 PM EST) or RMLSA (last updated Sun 04/26/2026 12:00:57 AM EST) or Muscatine MLS (last updated Sun 04/26/2026 12:00:10 AM EST) or No Coast MLS (last updated Sun 04/26/2026 12:04:19 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. 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.
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