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$1,600,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 5,624 Sq. Ft.
  • Updated 1 day ago
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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!

Full Property Details for 4401 N Newcastle Ave

General

  • Price: $1,600,000
  • HOA FEE: $7,648
  • Taxes: $20,132 (2025)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12628292
  • Updated: 4/26/2026
  • Added to Site: 3 day(s) ago

Interior

  • Basement: Partially
  • Interior Features: Laundry Room

Location

  • Area: Harwood Heights
  • County: Cook
  • Township: Norwood Park
  • Driving Directions: Head north on Harlem Avenue and then go east (right) on Montrose Avenue up to Newcastle.
  • Location Details: Corner

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Radiators, Baseboard

Utilities

  • Water: Municipal Water
  • Trash: 8297

Structural Information

  • Construction: Brick, Concrete
  • Exterior Const.: Brick, Concrete
  • Basement: Yes
  • Basement Desc.: Partially Finished, Block, Concrete, Storage Space
  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Stories/Levels: 3
  • Square Feet: 5,624
  • Current Bldg. Use: Multi-Family
  • Year Built: 1963
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 9
  • Units w/Range/Oven: 9
  • # Dryers: 1

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Size (Sq. Ft.): 7,719
  • Lot Dimensions: 60 x 125
  • Frontage: City Street, Public Road
  • Potential Use: Commercial
  • Zoning: MULTI

Financial Considerations

  • Maint. Fee: $7,648
  • Insurance Fee: $8,269
  • Operating Expenses: $60,734
  • Other Fee: $4,373
  • Assessment Year: 1963
  • Tax Amount: $20,132.14
  • Tax Year: 2025
  • Tenant Pays: Electricity
  • Pays Electric: 1298
  • Pays Trash: 8297

Disclosures and Reports

  • Property ID: 13181190260000

Listed by Peter Drossos Real Estate

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— 4401 N Newcastle Ave —

  • Peter Drossos Real Estate

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Schools serving 4401 N Newcastle Ave

School Districts:Union Ridge School District 86, Ridgewood Community High School District 234
NameGradesDistance
Union Ridge Elementary School
4600 North Oak Park Avenue, Harwood Heights, IL 60706
PK-80.3 mi
Ridgewood Community High School
7500 West Montrose Avenue, Norridge, IL 60706
9-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4401 N Newcastle Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/25/2026
Listed
$1,600,000
100%
MLS
3/18/2003
Sold
$800,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4401 N Newcastle Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$17,568
3%
$69,979
—
2022
$17,043
19%
$69,979
34%
2021
$14,312
3%
$52,090
—
2020
$13,881
12%
$52,090
17%
2018
$12,377
1%
$44,564
-14%
2019
$12,314
2%
$52,090
17%
2017
$12,114
6%
$44,564
—
2016
$11,478
-8%
$44,564
1%
2015
$12,484
1%
$44,144
—
2014
$12,341
1%
$44,144
—
2013
$12,161
21%
$44,144
7%
2012
$10,090
—
$41,152
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Peter Drossos Real Estate

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4401 N Newcastle Avenue, Harwood Heights, IL 60706 (MLS# 12628292) is a Commercial property. 4401 N Newcastle Avenue is currently listed for $1,600,000 and was received on April 25, 2026. Want to learn more about 4401 N Newcastle Avenue? Do you have questions about finding other Commercial real estate for sale in Harwood Heights? You can browse all Harwood Heights real estate or contact a Coldwell Banker agent to request more information.

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