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3423 N Central Ave
Chicago, IL 60634
5555 W. Newport Ave. · Multifamily Property For Sale
·
5 Units


Investment Highlights
- Building-Owned Common Area Laundry
- 450 SF of Retail Space
- Large Residential Floorplans (2BR-4BR)
Executive Summary
5555 W. Newport is a 5-unit mixed-use asset located in Chicago’s Portage Park neighborhood. The property includes one ground-floor retail space along with four residential units, consisting of two 4-bedroom apartments, one 3-bedroom apartment, and one 2-bedroom apartment—a rare large-format mix that appeals to renters seeking extra space in a strong Northwest Side rental corridor. Built in 1961 with 4,400 rentable square feet, the building features durable masonry construction, a building-owned common area laundry, separate tenant-paid electric and gas, and owner-paid water. Positioned on a quiet block near parks, schools, retail, and major transit routes, the property provides steady income with clear upside potential through interior modernization. B3-1 Zoning.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Fireplace
- Heating
- Kitchen
- Family Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1 | 2 | - | 1,150 |
| 3+1 | 1 | - | 1,000 |
| 2+1 | 1 | - | 850 |
Property Taxes
| Parcel Number | 13-21-312-038-0000 | Improvements Assessment | $76,033 CAD |
| Land Assessment | $23,000 CAD | Total Assessment | $99,033 CAD |
Property Taxes
Parcel Number
13-21-312-038-0000
Land Assessment
$23,000 CAD
Improvements Assessment
$76,033 CAD
Total Assessment
$99,033 CAD
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