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5555 W Newport Ave Chicago, IL 60641

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For Sale
$499,000

Five-unit building with retail and residential in Portage Park.

Property Features for 5555 W Newport Ave

General Information

Standard status
Active

Building Details

Year built
1959

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Listing Contact
Lukasz Wojcik
Source: Corcoran

Listing Agency: TRITON REALTY GROUP LLC Listing Agent: Lukasz Wojcik

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

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Overview

Portage Park Mixed-Use Investment

This mixed-use investment property is located in Portage Park and features a masonry brick, five-unit building. The building includes four residential apartment units and one street-level retail unit. The residential units consist of two 4-bedroom units, one 3-bedroom unit, and one 2-bedroom unit. The retail space is approximately 450 square feet. The property is equipped with central gas forced-air heating and central A/C. It also features separate electric panels, with tenants responsible for gas and electric expenses, while the owner covers water costs. A building-owned common-area laundry facility is available. The property is zoned B3-1 and is situated on a corner lot. The building has brick construction and a pitched roof. This property offers strong value-add potential and is being sold as-is.
Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

Location Insight

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City
Chicago
County
Cook
State
Illinois
Longitude
-87.7663093
Latitude
41.9430003

FAQs

What type of property is this?
Mixed-use property - Five-unit building with retail and residential in Portage Park.
Where is this mixed-use property located?
The property is located at 5555 W Newport Ave Chicago, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: - Mixed-use building featuring four residential units and one retail unit; - Strong value-add potential; - Desirable unit mix: two 4-bedroom, one 3-bedroom, and one 2-bedroom apartments
More about this property
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