1641 Harlem Ave Berwyn, IL 60402
- Commercial real estate
- 4,000 SF
- 0.13 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1641 Harlem Ave
- Year built
- 1959
- Lot size
- 0.13 lot acres
- Property size
- 4,000 SF
- Property type
- Commercial real estate
Description
This well-maintained five-unit apartment building presents a compelling investment opportunity in the thriving Berwyn, Illinois market. The property boasts a total of 4,000 square feet situated on a 0.13-acre lot. Each of the five units is a two-bedroom apartment, offering comfortable living spaces. There's significant potential to expand the garden-level unit by adding a third bedroom, increasing the property's overall value and rental income. Residents enjoy the convenience of on-site laundry facilities, eliminating the need for off-site laundry services. Ample parking is available, accommodating up to eight vehicles. The building's prime location near North Riverside Mall and Forest Park Plaza provides easy access to a wide array of shopping, dining, and entertainment options. Commuters will appreciate the convenient access to downtown Chicago via Route 43 and Interstate 290. Berwyn's robust rental market ensures consistent occupancy and offers the potential for future rent increases. A pre-sale inspection report is available for review upon request, providing potential buyers with comprehensive information about the property's condition. This property is priced at $620,000 and represents a solid investment in a desirable location with excellent growth potential.
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
- -87.80355
- Latitude
- 41.85637
