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