4401 N Newcastle Avenue, Harwood Heights, IL 60706

• 5,624 sqft

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 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!

Listing Status:

Active

Data Last Updated:

May 22, 2026 at 7:18AM

Listing Office:

Peter Drossos Real Estate : 773-593-5626

Listing Agent:

Peter Drossos : 773-593-5626

MLS ID:

12628292

Interior

• Basement: Partially FinishedBlockConcreteStorage Space
• A/C: Window Unit(s)
• Fireplace: Fireplaces: 0

Construction

• Roofing: Composition
• General: Concrete Perimeter

Location

• Road/Access: City StreetPublic Road
• HOA Amenities: None
• Originating MLS: mred
• County: Cook

Lot

• Zoning: MULTI13181190260000
• Current Use: Multi-Family

Utilities

• Utilities: Circuit BreakersFusesService - 0 to 100 Amps
• Water: Municipal Water

Financial

• Source: mred