Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1641 Harlem Ave Berwyn, IL 60402

    Sponsored
    For Sale
    $620,000

    Five-unit building, strong rental market, great location.

    Property size:
    4,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This well-maintained five-unit apartment building presents a compelling investment opportunity in the thriving Berwyn, Illinois market. The property boasts a total of 4,000 square feet situated on a 0.13-acre lot. Each of the five units is a two-bedroom apartment, offering comfortable living spaces. There's significant potential to expand the garden-level unit by adding a third bedroom, increasing the property's overall value and rental income. Residents enjoy the convenience of on-site laundry facilities, eliminating the need for off-site laundry services. Ample parking is available, accommodating up to eight vehicles. The building's prime location near North Riverside Mall and Forest Park Plaza provides easy access to a wide array of shopping, dining, and entertainment options. Commuters will appreciate the convenient access to downtown Chicago via Route 43 and Interstate 290. Berwyn's robust rental market ensures consistent occupancy and offers the potential for future rent increases. A pre-sale inspection report is available for review upon request, providing potential buyers with comprehensive information about the property's condition. This property is priced at $620,000 and represents a solid investment in a desirable location with excellent growth potential.

    Property Features for 1641 Harlem Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,000 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1959
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Berwyn
    County
    Cook
    State
    Illinois
    Longitude
    -87.80355
    Latitude
    41.85637

    Nearby Similar for Sale

    • $330,000

      Berwyn Brick Two-Flat Opportunity

      Two-unit residential income property with detached garage in Berwyn, Illinois.
      2114 Highland Ave, Berwyn, IL 60402
      View Details
    • $1,050,000
      0.22 Acres

      Berwyn Commercial Property on Route 66

      Commercial property on a high-traffic corner near Route 66.
      7025 Ogden Ave, Berwyn, IL 60402
      View Details
    • $520,000

      Renovated Multifamily Property in Berwyn

      Fully renovated duplex with income potential in Berwyn, Illinois.
      2108 Highland Ave, Berwyn, IL 60402
      View Details
    • $500,000

      Berwyn Multifamily Investment Opportunity

      Well-maintained three-unit building in Berwyn's Gold Coast.
      1835 Home Ave, Berwyn, IL 60402
      View Details
    • New
      $449,900

      Berwyn Multi-Unit Investment Opportunity

      Fully functional multi-unit in prime Berwyn location, ready for tenants.
      3636 Oak Park Ave, Berwyn, IL 60402
      View Details
    • $429,900

      Berwyn Two-Flat Residential Income Property

      Spacious, well-maintained corner brick two-flat in prime Berwyn location.
      2102 Gunderson Ave, Berwyn, IL 60402
      View Details
    • $790,000
      0.15 Acres

      Berwyn Commercial Space Opportunity

      Versatile commercial space in a high-traffic location.
      6233 W Cermak Rd, Berwyn, IL 60402
      View Details
    • $395,000

      Berwyn Residential Income Opportunity

      Two-unit property with garden unit and two-car garage.
      1846 Lombard Ave, Berwyn, IL 60402
      View Details
    • $499,900

      Berwyn Brick 3-Flat Investment Opportunity

      Charming, well-maintained Berwyn 3-flat, ideal for investors or owner-occupants.
      1822 Home Ave, Berwyn, IL 60402
      View Details
    • $335,000

      Berwyn Two-Flat Multifamily Property

      Legal two-flat in a prime Berwyn location.
      1216 Wenonah Ave, Berwyn, IL 60402
      View Details
    • $1,499,000
      0.09 Acres

      Remodeled Mixed-Use Investment Property

      Newly remodeled Berwyn mixed-use property with apartments and commercial units.
      3239 Grove Ave, Berwyn, IL 60402
      View Details
    • $229,900
      0.08 Acres

      Berwyn Retail/Warehouse Opportunity

      Retail/warehouse building in Berwyn with retail space and warehouse.
      2709 Ridgeland Ave, Berwyn, IL 60402
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Five-unit building, strong rental market, great location.
    Where is this commercial real estate located?
    The property is located at 1641 Harlem Ave Berwyn, IL.
    What is the asking price?
    The asking price for this property is $620,000.
    (312) 327-5400
    Request Owner's contact information
    1641 Harlem Ave Berwyn, IL 60402
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1641 Harlem Ave
    Berwyn, IL 60402
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1641 Harlem Ave Berwyn, IL 60402
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.