5-Unit Brick Apartment
1929 Scoville Avenue, Berwyn, IL 60402
For Sale
$649,000
Five apartments include three two-bedroom homes and two one-bedroom homes, each with one bathroom.
Property Size4,464 SF
Price / SF$145.39
Days on Market57
Property Features for 1929 Scoville Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Capital Investment Realty Group Inc
Listed By:
Otis Lazich · License #471009343
(708) 442-6385
Source:
Dawnmckennagroup
Added: Sep 14
Changed: Nov 7
Last Checked: Nov 8 at 4:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capital Investment Realty Group Inc
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Investment Insights
Based on property information with market context.
Built in 1927, this 4,464-square-foot brick apartment building contains five residential units. The unit mix includes three two-bedroom, one-bath apartments and two one-bedroom, one-bath apartments. Building systems include an updated radiant heating system and a newer hot water tank.
A three-car garage is positioned at the rear of the property. The sale is offered as-is, with the buyer responsible for removing personal items left at the building. Located at 1929 Scoville Avenue in Berwyn, Illinois.
A three-car garage is positioned at the rear of the property. The sale is offered as-is, with the buyer responsible for removing personal items left at the building. Located at 1929 Scoville Avenue in Berwyn, Illinois.
Key Highlights
- Five‑unit apartment building with three 2‑bed, 1‑bath units and two 1‑bed, 1‑bath units
- 4,464 SF brick building constructed in 1927
- Updated radiant heating system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,786
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,035,720
$1.0M
Cap Rate 7%
$739,800
$739.8K
Cap Rate 9%
$575,400
$575.4K
Market Conditions
NOI Build-Up for 4,464 SF
Gross rent
$101.2K $22.68/SF
− Vacancy
−$7.1K −$1.59/SF
EGI
$94.2K $21.09/SF
− OpEx
−$42.4K −$9.49/SF
NOI
$51.8K $11.60/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,035,720
Cap Rate 7%
$739,800
Cap Rate 9%
$575,400
Alternative Uses
Best Use
Apartment 5plus
$739.8K
$647.3K – $863.1K
NOI $51,786 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,992 @ 7.0% cap · market cap 18.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,444
Businesses Nearby
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Business Placement
Demographics for 60402, IL
64,706
Population
25,111
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
85%
High-School Grad
5.7 sq mi
ZIP Area
11,352
Density / Sq Mi
$73,993
Median Household Income
$42,802
Median Earnings
$1,168
Median Rent
$277,800
Median Home Value
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Market
Properties on Market for Apartment buildings in Cook County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Five apartments include three two-bedroom homes and two one-bedroom homes, each with one bathroom.
Where is this apartment building located?
The property is located at 1929 Scoville Avenue Berwyn, IL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Five‑unit apartment building with three 2‑bed, 1‑bath units and two 1‑bed, 1‑bath units; 4,464 SF brick building constructed in 1927; Updated radiant heating system
