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    3239 Grove Ave Berwyn, IL 60402

    For Sale
    $1,499,000

    Mixed Use - Berwyn, IL

    Type:Mixed Use
    Days on Market:
    40
    Last Refresh:
    Dec 12 at 4:06 am

    Property Features for 3239 Grove Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    16311260270000

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1959
    Number of units
    9
    Architectural style
    Other

    Century 21 Pro-Team (708) 398-6400 [email protected]

    Listing agent Richard Oudeh (708) 361-0800 License #475170269

    Listing date Nov 3, 2025

    MLS# 12509687 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Mixed-Use Investment Property

    This newly remodeled mixed-use investment property is located in the heart of Berwyn. The solid brick building features 5 brand-new residential apartments and 4 completely renovated commercial units on the lower level. The units offer modern finishes and excellent rental potential. Each space has been updated with quality materials and functional layouts. Recent improvements include a brand-new roof and new electric meters. The property is conveniently located near shopping, dining, schools, and public transportation. The property is ideal for investors seeking both stability and long-term growth.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berwyn
    County
    Cook
    State
    Illinois
    Longitude
    -87.7938516
    Latitude
    41.8326238

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    FAQs

    What type of property is this?
    Mixed-use property - Newly remodeled Berwyn mixed-use property with residential and commercial units.
    Where is this mixed-use property located?
    The property is located at 3239 Grove Ave Berwyn, IL.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: - Strong income performance with excellent rental potential.; - Newly remodeled with modern finishes and functional layouts.; - Minimal upkeep needed due to recent improvements, including a brand-new roof and new electric meters.
    (708) 361-0800
    Request Owner's contact information
    3239 Grove Ave Berwyn, IL 60402
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    Berwyn, IL 60402
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3239 Grove Ave Berwyn, IL 60402
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