2909 S Harlem Avenue, Berwyn, Illinois 60402
- $685,000
- Sold Price
- $685,000
- List Price
- $750,000
- Closing Date
- Oct 31, 2024
- MLS#
- 12128319
- Status
- CLOSED
- Type
- Commercial
- Subtype
- Commercial Sale
- County
- Cook
- City
- Berwyn
- Gross Rental Income
- 78600
- Neighborhood
- Berwyn
- Days On Market
- 10
Property Description
An excellent investment opportunity in the highly sought-after Berwyn area! This well-maintained all brick building, under the care of a single owner, features 6 units and a 2 car garage. All units are fully rented to long-term tenants with month-to-month leases. Most units have been updated in the last few years, Basement units include a one bedroom unit and a two bedroom unit (bath remodeled in 2023), the first floor units include a large 3 bedroom unit, recently remodeled with new luxury vinyl laminate flooring and fresh paint and a two bedroom unit updated in 2023 with fresh paint and new floors, the second floor units include two, 2 bedroom units, one that was remodeled in 2020. Tenants are responsible for electricity & gas, while the owner covers water and scavenger services. The building also includes a laundry room in the basement with one coin-operated washer and dryer, generating additional monthly income. There are 6 outdoor parking spaces, one assigned to each tenant. Appliances are included as each unit is equipped with a refrigerator and gas range. Some of the units are currently rented slightly below market value, presenting an opportunity for a new owner to increase rental income. Security deposits are lower than the current rent, reflecting the long-term tenancy. This property is part of an estate sale and is being sold AS IS. The building is easy to show with 24 hour notice, and at least two units will be available for viewing. Recent updates include a new roof in 2022, updated outlets 2023, landscaping in 2024, a fence in 2021, and a updated patio area to entertain. Close to shopping, restaurants, schools, public transportation, and has easy interstate access. Cash flowing with minimum updates needed and opportunity to increase current income.
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Additional Information
- Tax Year
- 2023
- Tax Amount
- $8,049
- Year Built
- 1959
- Lot Dimensions
- 3,510
- Air Conditioning
- None
- Basement
- Yes
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Selling Office: @properties Christie's International Real Estate.
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