Property profile

1409 Harlem Ave Berwyn, IL 60402

OFF-MARKET
Commercial real estate
Property ID
US28-2710446
0.09 ac lot Built 1977
Individually Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional two-story mixed-use building at 1409 S Harlem Avenue in Berwyn, Illinois, presents a unique investment opportunity. Boasting unparalleled visibility on Harlem Avenue, this property enjoys convenient access to I-290, providing seamless connectivity to both Chicago and the western suburbs. The building features an elevator for easy access to both floors, and offers a versatile layout ideal for a variety of commercial uses. The interior includes 11 well-appointed bedrooms, six ADA-compliant bathrooms (four full, two half), spacious dining and lounge areas, perfect for hospitality or residential uses. A substantial commercial-grade prep kitchen with ample pantry space adds to the property's adaptability. The building's design prioritizes convenience and functionality, making it suitable for a range of businesses, including medical practices, offices, or hospitality ventures. Its prime location and high-traffic visibility ensure significant exposure and potential for strong returns. The property is offered at $459,999. This is a rare opportunity to acquire a well-maintained, versatile building in a thriving commercial corridor. The adaptable layout and excellent location make this an outstanding investment prospect. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1977
Lot 0.09 ac (4,110 SF)
APN 16-19-116-004
UPID US28-2710446

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1409 Harlem Ave Berwyn, IL 60402-1264
Berwyn metro Census 814700 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$505k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$475k

Owner & transaction history

since 2021
Last sale
$420,000
5 recorded transactions
2021
$420,000
1999
$36,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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