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$ 484,900
Est. payment | /mo
7 Beds
4 Baths
$ 484,900
Est. payment | /mo
7 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12452606
Bedrooms 7
Year Built 1910
Annual Tax Amount $12,165
Tax Year 2023
Lot Dimensions 40x60
Property Sub-Type Two to Four Units
Property Description
Investor's Dream ... Outstanding Investment Opportunity in Prime Berwyn Location! Solid brick 4-unit apartment building just steps from a Metra stop - perfect for commuters and close to public transit, shopping, dining, walking distance to Proksa Park and YMCA. All units feature functional layouts with long-term tenants, but kitchens and bathrooms are dated-offering excellent potential for future updates and rent increases. An ideal property for investors seeking to add value and boost cash flow over time. Don't miss this income-producing asset in a high-demand rental market with strong tenant retention and excellent upside! Unit Breakdown:(1) 3BR/1BA: leased through 6/2026 and features vinyl floor in kitchen, hardwood in Bedrooms/living/dining room; (1) 2BR/1BA: leased through 7/31/2026: carpeted living/bedrooms, vinyl galley kitchen, balcony; (2) 1BR/1BA: one unit has laminate living room floor, carpeted bedroom/dining, vinyl kitchen, balcony access; Other vacant unit has laminate flooring in living room, new carpeted dining room and bedroom, ceiling fan, and vinyl kitchen. Building Features: coin-op laundry ($1.25/load) = extra income; 1-car brick garage (new overhead door/opener to be installed once permits are approved and contractor is available to install) = additional income; 4 tenant storage units; gas baseboard heat (owner pays gas, water, garbage; tenants pay electric); oven & refrigerator in each unit; new roof on building & new tar on garage roof (2025), hot water tank (approx. 5 yrs), circuit breakers; and charming courtyard (which can possibly be converted into a parking area (check with Berwyn if they will allow). Tenant Info: One (1 bedroom) unit is month-to-month (flexibility for rent increases). One (1 bedroom with balcony) unit is vacant. Buyer responsible to correct the following two Berwyn-required repairs from point of sale inspection report: 3rd-floor balcony railings - not to current code and stairwell requires emergency lighting with battery backup. Garage has a crawl space, which contains plumbing. Sold AS IS. Showings require 24-48 hours' notice.
Location
State IL
County Cook
Area Berwyn
Rooms
Basement None
Interior
Heating Natural Gas, Baseboard
Fireplace N
Exterior
Garage Spaces 1.0
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer, Storm Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
Elementary Schools Emerson Elementary School
Middle Schools Irving Elementary School
School District 100 , 100, 201
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Margaret Marasco of RE/MAX 1st Service
GET MORE INFORMATION
Michael Bempah
Broker | License ID: 475.175881
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