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$3,000,000
Est. payment /mo
20,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 20,000 sqft
Price per Sqft $150
MLS Listing ID 12346897
Maintenance Fees $25,000
Year Built 1927
Annual Tax Amount $72,936
Tax Year 2022
Lot Dimensions 8972
Property Sub-Type Multi Family 5+
Property Description
Recently renovated and fully re-leased to quality tenants, this striking 30-unit architectural brick apartment building offers a rare investment opportunity in the high-demand Chicago suburb of Berwyn. The property features 29 spacious studio units and 1 one-bedroom unit, with a straightforward path to converting the studios into one-bedrooms-presenting a clear value-add strategy for increased rental income. Ideally situated just 1.5 blocks from the Berwyn Metra station and steps from a vibrant retail corridor, the building benefits from strong transit access and neighborhood amenities. Major capital improvements include a newer roof, recent brick tuckpointing, and an upgraded heating system with efficient in-unit electric baseboard heating. IL Licensed Broker has a partial interest of the LLC that holds title to the property.
Location
State IL
County Cook
Area Berwyn
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Multi Family 5+
Water Municipal Water
Level or Stories 4
Structure Type Brick,Wood
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Listed by Marcin Chojnacki • Citypoint Illinois LLC
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CROSSTOWN REALTORS
Owner | License ID: 471019341