Five-Unit Brick Apartment
1931 Scoville Avenue, Berwyn, IL 60402
For Sale
$749,000
All-brick multifamily property with a three-car garage and individually forced-heated units.
Property Size5,521 SF
Price / SF$135.66
Days on Market57
Property Features for 1931 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 11:43AM
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 5,521-square-foot apartment building contains five residential units: three two-bedroom, one-bath apartments and two one-bedroom, one-bath apartments. The all-brick construction is complemented by individual forced-heating units serving each residence.
The property is located at 1931 Scoville Avenue in Berwyn, Illinois, with a three-car brick garage positioned at the alley. The sale is offered AS IS, including any personal items remaining in the basement and garages. The building has been held by the same owner for decades.
The property is located at 1931 Scoville Avenue in Berwyn, Illinois, with a three-car brick garage positioned at the alley. The sale is offered AS IS, including any personal items remaining in the basement and garages. The building has been held by the same owner for decades.
Key Highlights
- Five units: three 2‑bed, 1‑bath apartments and two 1‑bed, 1‑bath apartments
- 5,521‑square‑foot apartment building
- All‑brick construction completed in 1927
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,048
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,280,960
$1.3M
Cap Rate 7%
$914,971
$915.0K
Cap Rate 9%
$711,644
$711.6K
Market Conditions
NOI Build-Up for 5,521 SF
Gross rent
$125.2K $22.68/SF
− Vacancy
−$8.8K −$1.59/SF
EGI
$116.5K $21.09/SF
− OpEx
−$52.4K −$9.49/SF
NOI
$64.0K $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%
$1,280,960
Cap Rate 7%
$914,971
Cap Rate 9%
$711,644
Alternative Uses
Best Use
Apartment 5plus
$915.0K
$800.6K – $1.07M
NOI $64,048 @ 7.0% cap · market cap 8.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.86M – $2.47M
NOI $148,404 @ 7.0% cap · market cap 19.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
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 - All-brick multifamily property with a three-car garage and individually forced-heated units.
Where is this apartment building located?
The property is located at 1931 Scoville Avenue Berwyn, IL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Five units: three 2‑bed, 1‑bath apartments and two 1‑bed, 1‑bath apartments; 5,521‑square‑foot apartment building; All‑brick construction completed in 1927
