364 Pennsylvania Ave Glen Ellyn, IL 60137-4386

Property Details for 364 Pennsylvania Ave

Year built

1982

Lot size

0.24 lot acres

Property size

928 SF

Zone code

C

Property type

Office Properties & Spaces

APN

05-10-421-001

APU

510421001

Description

This exceptional 597-square-foot executive office condo is ideally situated in Glen Ellyn, Illinois, just blocks from the Metra train station, the bustling business district, and an array of restaurants and coffee shops. Located at 364 Pennsylvania Avenue, Unit #2-5, this second-floor unit (walk-up, no elevator) is perfect for a professional office, business owner, or savvy investor. The property, built in 1980, is part of an eight-unit building with on-site and street parking. Zoned C-5B, the condo association restricts use to professional/office purposes, ensuring a consistent and desirable environment. A significant advantage is the recently replaced furnace and AC unit (Summer 2022). The current lease, generating $496 monthly rent, expires January 31, 2025, providing immediate income potential. The quarterly condo assessment of $439 covers building liability insurance, lawn care, snow removal and salting, building water and sewer, common area heating and electricity, common area janitorial service, building refuse service, village taxes, fire inspection, and annual corporate tax filings. The asking price for this attractive investment opportunity is $85,000, representing a price per square foot of $142.38. This property offers a blend of convenience, functionality, and strong investment potential in a highly desirable location.

Location Insight

City

Glen Ellyn

County

Dupage

State

Illinois

Longitude

-88.0743

Latitude

41.877

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments