Address
1647 Euclid Avenue, Berwyn, IL
Price
$ 659,900
Property Attributes
  • MLS#12028178
  • TypeContingent
  • CountyCOOK
  • CityBerwyn
  • AreaBerwyn
  • Zip60402
  • StyleMulti-Family
  • Year Built1953
  • Taxes$ 12234
  • Price$ 659,900
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4630
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Discover an exceptional investment opportunity with this prime North Berwyn corner building. This fully rented, updated brick property boasts a strategic location between 16th st. and Cermak road ensuring convenience and high demand. Featuring two spacious two-bedroom and four cozy one-bedroom apartments, this legal 5-unit property is a secure income generator. Additionally, a fully rented three-car garage adds to the revenue stream ($4600 annually), & coin laundry of ($2400 annually). Sold in AS-IS condition, with Buyer to assume all City of Berwyn Compliance repairs, certifications and escrow. Recent upgrades include a new 75-gallon hot water heater (2022), fresh carpeting and paint throughout (2023), new appliances in some units, and new windows for the majority of the building (2023). All units have separate Gas/Electric meters. This turnkey investment with month-to-month leases offers modern comfort and strong income potential. Own a property that blends convenience, updates, and financial security.

Price History
4/12/2024 Listed $659,900

General Features

Possession Closing
Zoning MULTI
Construction Materials Brick
Year Built 1953
Tenant Pays Electricity,Heat
Stories 2
Tax Year 2022
Current Use Multi-Family
Gross Income 77820
County Cook
Net Operating Income 67704
Operating Expense 10116
Insurance Expense 3600
Property Type Commercial Sale
Contingency Attorney/Inspection
MaintenanceExpense 1000
Status Contingent
Directions East Ave. to 18th St.,West to Euclid,Corner
City Berwyn
Total Units 5
MLS Area Berwyn
Street Name Euclid
Tax Annual Amount 12234
Electric Expense 360
Trash Expense 2101
Water Sewer Expense 2155
Additional Parcels Y/N No
Days on Market 5
Standard Status Active Under Contract
Property Type Multi Family 5+

Interior Features

Street Suffix Avenue

Exterior Features

Building Area Total 4630
Lot Dimensions 6352

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 Contingent Average in 60402

Price
AVG $360K
$660K
Taxes
AVG $7,274
$12,234
Visits
AVG 117
17
Data Provided by Inside Real Estate®
Year Built
AVG 1930
1953