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    2218 N Newland Ave, Unit 103 Chicago, IL 60707

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    For Sale
    $119,000

    Charming first-floor unit with private patio in vibrant Chicago neighborhood.

    Building Details

    Year built
    1974

    Source: Keller Williams Realty Partners Agent Julie Chesne

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    First-Floor Unit Near Elmwood Park

    This first-floor unit, located at 2218 North Newland next to Elmwood Park, is offered as-is and features a private patio. The building includes an elevator, on-site and assigned parking, laundry facilities, and common storage. Situated in a Chicago neighborhood, the property is near dining and shopping options.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7993824
    Latitude
    41.9206528

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    FAQs

    What type of property is this?
    Single family property - Charming first-floor unit with private patio in vibrant Chicago neighborhood.
    Where is this single family property located?
    The property is located at 2218 N Newland Ave, Unit 103 Chicago, IL.
    What is the asking price?
    The asking price for this property is $119,000.
    What are key features of this property?
    This property features: - First-floor unit offers easy access and convenience.; - Private patio provides dedicated outdoor space.; - Elevator in building enhances accessibility.
    Request Owner's contact information
    2218 N Newland Ave, Unit 103 Chicago, IL 60707
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2218 N Newland Ave, Unit 103 Chicago, IL 60707
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