4425 S Harlem Ave - Apartments FOR SALE


Berwyn, IL 60402
$1,399,900 USD
708-712-1632
4425 S Harlem Ave, Berwyn, IL for Sale
$1,399,900 USD
Apartments - FOR SALE
1/11
null | 6.56% Cap Rate

4425 S Harlem Ave
Berwyn, IL 60402


HIGHLIGHTS

  • 14 dedicated parking spaces
  • On-site management office
  • Heated two-car garage

OVERVIEW

Exceptional Investment Opportunity - 11-Unit Mixed-Use Building in Stickney, IL. This building is a well-maintained, flexicore-constructed 11-unit mixed-use asset. This versatile property features six (6) residential 1-bedroom, 1-bathroom apartments and four to five (4-5) office suites, The building includes a secure, income-producing tenant who intends to remain for the foreseeable future. The residential units are separately metered, each equipped with individual HVAC systems, water heaters, and rooftop A/C units. One apartment has been fully renovated with premium finishes, including an in-unit washer and dryer, stainless steel appliances, white shaker cabinetry, granite countertops, vinyl plank flooring, and a modernized bathroom-providing a strong model unit for potential rent increases. The remaining apartments offer a mix of carpet and tile flooring, laminate countertops, and white kitchen cabinetry, allowing for value-add potential through interior upgrades. Recent capital improvements enhance the building's longevity and tenant appeal, including a new tear-off roof, gutters, soffits, fascia, rooftop A/C units, exterior staircases, and a fire sprinkler system. Property amenities include a heated two-car garage, on-site management office, master key entry system, common area restrooms, a prominent pylon sign, and 14 dedicated parking spaces. The residential tenants are currently paying their own heat and electricity, there is immediate upside for investors through rent increases, implementation of a RUBS program for the office tenants, and restoration of the property's original mixed-use zoning classification (2022: 3-18 Mixed-Use; 2023: 5-17 One-Story Commercial). This is a rare chance to acquire a stable, income-generating property with multiple value-add strategies and strong long-term growth potential. Don't miss the opportunity to invest in one of Stickney's most strategic mixed-use assets!

FOR SALE DETAILS

PRICE

$1,399,900 USD

PRICE/SF

$201 USD /SF

# OF UNITS

11

PRICE/UNIT

$127,264

CAP RATE

6.56%

% 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

1963

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

COMMR

APN/PARCEL ID

19-06-307-027-0000

ASK ABOUT THIS PROPERTY

Emmanuel NevarezMidwest SignatureProperties CoMore Info
708-712-1632

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Emmanuel NevarezMidwest SignatureProperties CoMore Info
708-712-1632

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