4401 N Newcastle Avenue
Harwood Heights, IL, 60706
$1,600,000
3 Beds
2 Baths
0 SqFt
0.17 Acres
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MLS #MRD12628292 image #0
This is a rarely available, all brick, 9-unit corner building in a prime Harwood Heights location! There are seven (7) one-bedroom, one-bathroom units and two (2) two-bedroom, two-bathroom units. All tenants are on a month-to-month basis and all tenants have resided in their respective units for many years. The rents are low. The market can easily absorb higher rents. Presently, this building generates $99,900 in gross rental income. Going forward, this building can easily generate $170,400 in gross rental income based on the following market rents: three (3) garden units at $1,400 per month, four (4) one-bedroom units at $1,600 per unit and two (2) two-bedroom units at $1,800 per unit. Every unit has a functional floor plan but, more importantly, the building and units have a great vibe. You will love it. The common area also features a coin-operated washer and dryer system, and the private parking lot offers the perfect amount of tenant convenience. This highly desirable multi-unit complex is minutes to the Kennedy Expressway, Harlem and Irving Plaza, O’Hare Airport, restaurants, bus stops, Blue Line, Norridge Park as well as highly rated Union Ridge Elementary School and Ridgewood High School! This building and the area is a: gem! A 10!

Property Details

Price:
$1,600,000
MLS #:
MRD12628292
Status:
Active
Beds:
3
Baths:
2
Type:
Commercial
Neighborhood:
harwoodheights
Listed Date:
Apr 25, 2026
Total Sq Ft:
5,624
Lot Size:
7,719 sqft / 0.17 acres (approx)
Year Built:
1963
Harwood HeightsHarwoodheights

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Schools

Interior

Cooling
Window Unit(s)

Exterior

Construction Materials
Brick, Concrete
Roof
Composition
Stories
3

Financial

HOA Includes
None
Maintenance Fee
$7,648
Net Operating Income
$39,166
Tax Year
2025
Taxes
$20,132

Map

Community

Market Summary

Current real estate data for Commercial in Harwood Heights as of May 15, 2026
2
Commercial Listed
245
Avg DOM
$2,900,000
Avg List Price

Property Summary

    4401 N Newcastle Avenue Harwood Heights IL is a Commercial for sale in Harwood Heights, IL, 60706. It is listed for $1,600,000

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