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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

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.
More about this property
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