3423 S Harlem Ave - Apartments FOR SALE


Berwyn, IL 60402- West Cook
$4,950,000 USD
312-724-7011
3423 S Harlem Ave, Berwyn, IL for Sale
$4,950,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

3423 S Harlem Ave
Berwyn, IL 60402
West Cook


HIGHLIGHTS

  • Well Maintained Mixed-Use Property, With Large Capex Recently Completed
  • 44 total units including 40 apartments and 4 fully leased retail spaces
  • Steps from the Harlem Metra Station and PACE bus service, offering tenants convenient access to Downtown Chicago and surrounding suburbs
  • Located along Harlem Ave’s vibrant retail corridor with nearby parks, restaurants, appealing to stable long-term renters

OVERVIEW

Interra Realty has been exclusively engaged to market for sale the mixed-use property located at 3423 S Harlem Ave in Berwyn, IL. The property is a courtyard building made up by forty-four (44) total units. The unit mix is made up by four (4) ground-floor retail spaces and forty (40) 1-bedroom residential units. The property also includes a parking lot with forty (40) spaces. The property has been well maintained by current ownership, with capital improvements including new windows, electric panels, and a partial roof replacement. The property is well-located on Harlem Ave, a major throughway in Berwyn. Residents have easy access to local restaurants and retail spaces along Harlem Ave. The Harlem Avenue Metra station is just .1 mile away, and the PACE bus picks up outside the property. These offer residents convenient public transportation to both Downtown Chicago and the surrounding suburbs. Harrington Park is located nearby and gives residents access to local public recreation.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$126 USD /SF

# OF UNITS

44

PRICE/UNIT

$112,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1945

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

-

APN/PARCEL ID

16-31-128-014-0000,16-31-128-015-0000,16-31-128-016-0000,16-31-128-017-0000,16-31-128-018-0000,16-31-128-019-0000,16-31-128-020-0000

ASK ABOUT THIS PROPERTY

Patrick KennellyInterra RealtyMore Info
312-724-7011

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Patrick KennellyInterra RealtyMore Info
312-724-7011

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