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Multi-Family Residential Building
For Sale
Under Contract
$2,349,000

863 W Newport Avenue, Chicago, IL 60638

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market83

Property Features for 863 W Newport Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 11
Bathrooms 7
Full bathrooms 7
Rooms Bedroom 5, Bathroom 5, Bedroom 9, Bedroom 2, Bathroom 1, Bedroom 11, Bathroom 6, Bathroom 2, Basement, Bedroom 10, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 7, Bedroom 8, Bedroom 6, Bathroom 4, Bathroom 7
Parking 2
Parking features Garage
Basement Partially Finished, Exterior Entry, Daylight, Finished, Full
Elementary school Nettelhorst Elementary School
High school Lake View High School
Elementary school district 299
Middle school district 299
High school district 299
Directions Clark Street To Newport Ave, East to 863
Subdivision CHI - Lake View
Standard status Active Under Contract
APN 14204130220000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 42190

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Building Details

Year built 1890
Building materials Brick, Stone
Listing Agency: Compass
Listed By: Richard Kasper · License #475146171
Added: Jun 2 Changed: Aug 20 Last Checked: Aug 23 at 8:06AM
MLS# 12664568

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This for-sale multi-family residential property is located at 863 W Newport Avenue in Chicago, Illinois 60638. The available information identifies the asset as a multi-family building, but no unit mix, square footage, or recent improvements are provided.

The property’s listed address gives clear identification for due diligence, permitting brokers and buyers to review site-specific conditions, access, and building details during showings or inspections. Additional attributes such as frontage, parking configuration, and building layout are not included in the provided materials.

For buyers looking to acquire a multi-family asset in Chicago, this offering provides a direct path to purchase a residential building at a known address. Because the listing data does not specify operational or physical particulars beyond the multi-family designation, prospective buyers should confirm all building characteristics and performance-related factors through their own investigation, including financials, unit configuration, condition, and any applicable compliance requirements.

Key Highlights

  • Brick and stone construction
  • 11 bedrooms and 7 bathrooms
  • Basement

Property Analytics

Current Use

GVP Development Construction Company

Suggested Use

Top Pick Law Firm Food Market Auto Repair Shop Auto Parts Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,518
Businesses Nearby

Demographics for 60638, IL

56,928
Population
21,636
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
84%
High-School Grad
11.1 sq mi
ZIP Area
5,129
Density / Sq Mi
$89,191
Median Household Income
$50,902
Median Earnings
$1,327
Median Rent
$283,500
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Specialty property - For-sale multi-family residential building at 863 W Newport Avenue in Chicago, offering a straightforward ownership option.
Where is this specialty property located?
The property is located at 863 W Newport Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,349,000.
What are key features of this property?
This property features: Brick and stone construction; 11 bedrooms and 7 bathrooms; Basement
More about this property
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