IL > Chicago
Chicago, IL 60657,902 W Newport AVE
Chicago, IL 60657,902 W Newport AVE
Chicago, IL 60657,902 W Newport AVE
Chicago, IL 60657,902 W Newport AVE
Chicago, IL 60657,902 W Newport AVE
Chicago, IL 60657,902 W Newport AVE
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Sarah Leonard

Sarah Leonard

+1(224) 239-3966
$ 1,525,000
Est. payment | /mo

8 Beds

6 Baths

Save
$ 1,525,000
Est. payment | /mo
Save

8 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12461474

Style Greystone

Bedrooms 8

Year Built 1901

Annual Tax Amount $18,138

Tax Year 2023

Lot Dimensions 25x117

Property Sub-Type Two to Four Units

Property Description

Discover an exceptional investment opportunity or the perfect single family conversion in this stately, rehabbed Greystone located in Chicago's sought after Wrigleyville/Lakeview community. Situated on the historic Newport Avenue District, a landmark block renowned for its beautiful, intact stone fronted three flats. This building offers a classic Chicago experience with modern amenities. The building is comprised of three meticulously maintained units. The top floor, duplex up, owner's unit, offers the scale and comfort of a single family home. Spanning the second and third floors, it features an open concept main level with a chef's kitchen, 42" cabinets, stone countertops and hardwood floors a private rear decks and a spacious bedroom and full bath. The upper level features an open style primary bedroom with a walk in closet, a large seating area and fireplace. The primary bath features double vessel sinks, a whirlpool tub and a separate steam shower. This level includes the spacious third bedroom, a full bath and it's own private rear deck. The true highlight is the rare, private 27'x22' rooftop deck, perfect for entertaining with stunning city skyline views. The first floor unit is a bright and spacious 3-bedroom, 2-bath with soaring windows, tall ceilings, and a large open kitchen. This unit has it's own private rear deck and direct access to the impressive 20'x19' deck above the garage. The garden unit, a bright 2-bedroom, 1-bath, offers direct access to the generous brick paved backyard. This property has been meticulously cared for by the live in owner for 30 years, with significant updates including plumbing and electrical, tuck-pointing (2016), a new roof (2015), and premium windows (2020). Parking for three cars adds significant value. Currently configured as a high income three flat, the building generates a total annual income of $117,600 with a net operating income of $90,822, representing a consistent 6 percent CAP rate with room for growth. This is a remarkable opportunity for a live in owner to generate a large income stream while building equity, a long term investor seeking a strong return, or a developer looking to convert it into a magnificent single family home. Located in the desirable Nettlehorst Elementary School District, this property is just steps from Wrigley Field, shopping, dining, and a short walk to the "L" train and Lake Michigan. Don't miss this chance to own a piece of classic Chicago in an unbeatable location. Professional photos and floor plans coming this week. Showings begin October 3nd.

Location

State IL

County Cook

Area Chi - Lake View

Rooms

Basement Finished, Exterior Entry, Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Garage Spaces 2.0

Roof Type Rubber

Building

Dwelling Type Two to Four Units

Building Description Brick,Stone, No

Sewer Public Sewer, Storm Sewer

Water Lake Michigan, Public

Structure Type Brick,Stone

New Construction false

Schools

Elementary Schools Nettelhorst Elementary School

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by John Korolis of  Prime Capital Real Estate 

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Sarah Leonard
Sarah Leonard

Broker | Owner

+1(224) 239-3966

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902 W Newport AVE