Share This Listing

Message

937 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

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

Save this listing!

Favourite this listing to get notified of price updates, new media and more

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

Price Per Unit $135,759 CAD
Sale Type Investment
Cap Rate 4.48%
Sale Condition Bulk/Portfolio Sale
Gross Rent Multiplier 8.07
No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Apartments
Apartment Style Low-Rise
Building Class C
Lot Size 0.13 AC
Building Size 6,900 SF
No. Stories 2
Year Built 1961
Parking Ratio 0.29/1,000 SF
Zoning B3-1

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

Property Taxes

Parcel Number
13-21-312-038-0000
Land Assessment
$23,000 CAD
Improvements Assessment
$76,033 CAD
Total Assessment
$99,033 CAD
  • Listing ID: 39454008

  • Date on Market: 2026-02-16

  • Last Updated:

  • Address: 3423 N Central Ave, Chicago, IL 60634

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}