Address
3302 Kenilworth Avenue, Berwyn, IL
Price
$ 2,900,000
Property Attributes
  • MLS#12024899
  • TypeMulti-Family
  • CountyCOOK
  • CityBerwyn
  • AreaBerwyn
  • Zip60402
  • Style
  • Year Built1927
  • Taxes$ 72936
  • Price$ 2,900,000
  • Bedrooms1
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Recently improved and re-leased to quality tenants. BEAUTIFUL 30-UNIT architectural brick apartment building in the Chicago suburb of Berwyn. The building consists of 29 Studios and 1 One-Bedroom units. The studios are VERY large and could easily be converted to all one-bedroom units as a relatively simple value-add play. The property is located only 1.5 blocks from the Berwyn Metra station and is adjacent to a lively retail district. BRAND NEW ROOF installed and the brick has been tuckpointed within the past 5 years. The building heating system has been converted to in unit electric baseboard heating. Owned by IL Licensed RE Broker. With a population of over 56,000, the City of Berwyn lies only 10 miles southwest of the Chicago Loop. A historic town in its own right, Berwyn was reported to have the highest concentration of financial institutions in the world in the 1990's. Today it's economy is primarily propped up by retail via Cermak Plaza, popular music venues and the Loyola MacNeal Hospital campus. Its proximity to downtown Chicago makes Berwyn an attractive option for those seeking a suburban lifestyle while still remaining close to the city.

Price History
4/9/2024 Listed $2,900,000

General Features

Zoning MULTI
Year Built 1927
Tenant Pays Electricity,Varies by Tenant
Stories 4
Tax Year 2022
Gross Income 341364
County Cook
Net Operating Income 197877
Operating Expense 143486
Insurance Expense 8364
Property Type Commercial Sale
MaintenanceExpense 18000
Status Active
Directions South on 3100 block of S Oak Park Ave. Turn west onto Stanley Avenue.
City Berwyn
Total Units 30
MLS Area Berwyn
Street Name Kenilworth
Tax Annual Amount 72936
Electric Expense 6729
Fuel Expense 7000
Trash Expense 2624
Water Sewer Expense 11526
Additional Parcels Y/N No
Days on Market 6
Standard Status Active
Property Type Multi Family 5+

Interior Features

Street Suffix Avenue

Exterior Features

Lot Dimensions 20,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60402

Price
AVG $840K
$2.9M
Taxes
AVG $20,066
$72,936
Visits
AVG 73
29
Data Provided by Inside Real Estate®
Year Built
AVG 1933
1927