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1942 Elmwood Ave Berwyn, IL 60402

Sponsored
For Sale
$689,000

Prime Berwyn location, updated 5-unit building.

Description

Added:
Feb 3, 2025
Days on Market:
339
This exceptional 5-unit brick building, located at 1942 Elmwood Avenue in Berwyn, Illinois, presents a lucrative investment opportunity. Situated on a 0.08-acre lot, this property boasts a recent array of significant improvements, ensuring both immediate and long-term value. A brand-new roof, complete with a warranty, and newly installed parapet walls provide lasting protection. The property also benefits from a recently replaced sewer line and water service, eliminating potential future expenses. A new hot water tank and expansion tank further enhance efficiency and reliability. Several units feature newer appliances, adding to the overall appeal for tenants. The building retains its original woodwork and trim, adding to its character and charm. The basement offers added functionality with a dedicated bathroom and office space, providing extra versatility. A convenient laundry room and coin-operated laundry facilities cater to tenant needs. This well-maintained property is ready for immediate occupancy and promises strong rental income. The combination of recent upgrades, desirable location, and attractive features makes this a truly exceptional investment opportunity in the sought-after Berwyn market. Don't miss this chance to acquire a high-quality, income-generating property. The asking price is $689,000.

Property Features for 1942 Elmwood Ave

General Information

Property type
Other commercial real estate
Lot Size
3,485 SF

Building Details

Year Built
1924

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 Clothing Store Nail Salon Food Market 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
-87.78521
Latitude
41.85264

FAQs

What type of property is this?
Commercial real estate - Prime Berwyn location, updated 5-unit building.
Where is this commercial real estate located?
The property is located at 1942 Elmwood Ave Berwyn, IL.
What is the asking price?
The asking price for this property is $689,000.
More about this property
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