6701 19th St, Berwyn, IL 60402-1882
This attractive eight-unit multifamily property located at 6701 W 19th Street, Berwyn, IL, is offered at $775,000. The building features classic architectural brick construction and a garden setting. Each of the eight units provides a one-bedroom, one-bathroom layout, currently generating rental income. This presents a compelling investment opportunity with potential for significant appreciation. The property is situated in a desirable Berwyn location, benefiting from the area's growing market. While the building is currently generating income, it would benefit from renovations and upgrades to maximize its rental potential. These updates could include modernizing fixtures, kitchen and bathroom renovations, and aesthetic improvements to attract higher-quality tenants and command higher rents. The property sits on a lot of less than one acre. The existing income stream provides a solid foundation for future investment in property improvements and increased profitability. This is an excellent opportunity for an investor seeking a multifamily property in a thriving market with potential for substantial returns. The property's current condition offers a chance to add value through strategic renovations and upgrades. The location in Berwyn offers convenience and accessibility to local amenities and transportation.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.