1623 S Harlem Ave - Apartments FOR SALE


Berwyn, IL 60402- West Cook
$725,000 USD
312-281-6994
1623 S Harlem Ave, Berwyn, IL for Sale
$725,000 USD
Apartments - FOR SALE
1/11
null | 5.77% Cap Rate

1623 S Harlem Ave
Berwyn, IL 60402
West Cook


HIGHLIGHTS

  • Three-Story Brick Multifamily Opportunity
  • Superior Location
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a multi-family investment Property located at 1623 S Harlem Avenue in Berwyn, Illinois (the “Property”). The three-story brick building contains six (6) units comprised of four (4), 2-Bedroom/1-Bathroom units and two (2) 1-Bedroom/1-Bathroom units with 4,810 square feet of living area on 0.14-acres of land. The Property features an on-site laundry facility and offers five on-site parking spaces at the rear of the Property. The Property has undergone recent renovations and features newly upgraded bathrooms in all units. The Property recently replaced the hot water heater within the past 3 years, adding to the overall value. Finally, 1623 S Harlem Avenue is fully compliant to the City of Berwyn’s Pre-Sale Inspection. The Property is well-located in a densely populated residential neighborhood along Harlem Avenue. The Property is positioned in between Roosevelt Road and W Cermak Road, the primary commercial corridors running through Berwyn. The property offers convenient access to grocery stores, restaurants, and numerous other retail amenities. 1623 S Harlem Avenue is ideally positioned for commuters with quick and convenient access to public transportation (Harlem CTA Station, Harlem Avenue and Berwyn METRA Stations, and numerous Pace bus lines along Harlem Avenue) and Interstates 55 & 290.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$151 USD /SF

# OF UNITS

6

PRICE/UNIT

$120,833

CAP RATE

5.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1884

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,120 SF

ZONING

-

APN/PARCEL ID

16-19-300-049-0000

ASK ABOUT THIS PROPERTY

Daniel SmithHorvath & TremblayMore Info
312-281-6994

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Daniel SmithHorvath & TremblayMore Info
312-281-6994

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.