1942 Elmwood Ave Berwyn, IL 60402
- Commercial real estate
- 0.08 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1942 Elmwood Ave
- Year built
- 1924
- Lot size
- 0.08 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Berwyn
- County
- Cook
- State
- Illinois
- Longitude
- -87.78521
- Latitude
- 41.85264
