902 W Newport Ave Chicago, IL 60657

Located in Chicago's sought-after Wrigleyville/Lakeview community, this rehabbed Greystone is situated on the historic Newport Avenue District. The building is comprised of three well-maintained units. The top floor, duplex-up owner's unit, features an open-concept main level with a chef's kitchen, 42" cabinets, stone countertops, hardwood floors, a private rear deck, a spacious bedroom, and a full bath. The upper level features an open-style primary bedroom with a walk-in closet, a large seating area, and a fireplace. The primary bath features double vessel sinks, a whirlpool tub, and a separate steam shower. This level includes a spacious third bedroom, a full bath, and its own private rear deck. A private 27'x22' rooftop deck offers 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 its own private rear deck and direct access to the expansive 20'x19' deck above the garage. The garden unit, a bright 2-bedroom, 1-bath, offers direct access to the brick-paved backyard. The property has been cared for by the live-in owner for 30 years, with updates including plumbing and electrical, tuck-pointing (2016), a new roof (2015), and premium windows (2020). Parking is available for three cars. 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 6 percent CAP rate. Located in the Nettlehorst Elementary School District, the property is near Wrigley Field, shopping, dining, the "L" train, and Lake Michigan. It is currently configured as a high income three flat, and is suitable for generating a large income stream while building equity, for a long term investor seeking a strong return, or for conversion into a single family home.