902 W Newport Avenue, Chicago, IL 60657
Local realty services provided by:CENTURY 21 Broughton Team
902 W Newport Avenue,Chicago, IL 60657
$1,525,000
- 8 Beds
- 6 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: john korolis
Office: prime capital real estate
MLS#:12461474
Source:MLSNI
Price summary
- Price:$1,525,000
About this home
Discover an exceptional investment opportunity or the perfect single family conversion in this stately, rehabbed Greystone located in Chicago's sought after Wrigleyville/Lakeview community. Situated on the historic Newport Avenue District, a landmark block renowned for its beautiful, intact stone fronted three flats. This building offers a classic Chicago experience with modern amenities. The building is comprised of three well maintained units. The top floor, duplex up, owner's unit, offers the scale and comfort of a single family home. Spanning the second and third floors, it features an open concept main level with a chef's kitchen, 42" cabinets, stone countertops and hardwood floors a private rear decks and a spacious bedroom and full bath. The upper level features an open style primary bedroom with a walk in closet, a large seating area and fireplace. The primary bath features double vessel sinks, a whirlpool tub and a separate steam shower. This level includes the spacious third bedroom, a full bath and it's own private rear deck. The true highlight is the rare, private 27'x22' rooftop deck, perfect for entertaining with stunning city skyline views. The first floor unit is a bright and spacious 3-bedroom, 2-bath with soaring windows, tall ceilings, and a large open kitchen. This unit has it's own private rear deck and direct access to the expansive 20'x19' deck above the garage. The garden unit, a bright 2-bedroom, 1-bath, offers direct access to the generous brick paved backyard. This property has been cared for by the live in owner for 30 years, with significant updates including plumbing and electrical, tuck-pointing (2016), a new roof (2015), and premium windows (2020). Parking for three cars adds significant value. Currently configured as a high income three flat, the building generates a total annual income of $117,600 with a net operating income of $90,822, representing a consistent 6 percent CAP rate with room for growth. This is a remarkable opportunity for a live in owner to generate a large income stream while building equity, a long term investor seeking a strong return, or a developer looking to convert it into a magnificent single family home. Located in the desirable Nettlehorst Elementary School District, this property is just steps from Wrigley Field, shopping, dining, and a short walk to the "L" train and Lake Michigan. Don't miss this chance to own a piece of classic Chicago in an unbeatable location.
Contact an agent
Home facts
- Year built:1901
- Listing ID #:12461474
- Added:106 day(s) ago
- Updated:January 14, 2026 at 08:53 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:6
- Full bathrooms:6
Heating and cooling
- Heating:Baseboard, Electric, Forced Air, Individual Room Controls, Natural Gas, Steam
Structure and exterior
- Roof:Rubber
- Year built:1901
Schools
- Elementary school:Nettelhorst Elementary School
Utilities
- Water:Lake Michigan, Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,525,000
- Tax amount:$18,138 (2023)
New listings near 902 W Newport Avenue
- New
$1,799,900Active6 beds 6 baths4,135 sq. ft.2442 W Berteau Avenue, Chicago, IL 60618
MLS# 12546220Listed by: FAIRGREEN REAL ESTATE LLC - New
$529,000Active4 beds 3 baths3,200 sq. ft.4937 S Prairie Avenue, Chicago, IL 60615
MLS# 12546229Listed by: REAL BROKER, LLC - New
$369,000Active5 beds 3 baths1,950 sq. ft.7409 S Eggleston Avenue, Chicago, IL 60621
MLS# 12547031Listed by: STANDARD PROPERTIES GROUP LLC - New
$483,333Active3 beds 2 baths1,000 sq. ft.4551 W Foster Avenue, Chicago, IL 60630
MLS# 12547071Listed by: EXTREME REALTY LLC - New
$270,000Active3 beds 3 baths1,396 sq. ft.11721 S Maplewood Avenue, Chicago, IL 60655
MLS# 12543224Listed by: COLDWELL BANKER REALTY - New
$549,900Active4 beds 3 baths2,266 sq. ft.7432 W Gregory Street, Chicago, IL 60656
MLS# 12546809Listed by: CHICAGOLAND BROKERS INC. - New
$169,999Active3 beds 2 baths1,100 sq. ft.10806 S Eggleston Avenue, Chicago, IL 60628
MLS# 12547059Listed by: GREEN HOMES REALTY - Open Sat, 11am to 1pmNew
$679,900Active3 beds 2 baths1,600 sq. ft.1321 S Plymouth Court #K, Chicago, IL 60605
MLS# 12467702Listed by: BERKSHIRE HATHAWAY HOMESERVICES STARCK REAL ESTATE - New
$824,900Active3 beds 2 baths1,786 sq. ft.55 E Erie Avenue #1504, Chicago, IL 60611
MLS# 12546974Listed by: COMPASS - New
$425,000Active7 beds 3 baths6148 S Rhodes Avenue, Chicago, IL 60637
MLS# 12546797Listed by: COLDWELL BANKER REALTY