- List Price $419,900
- Price / Unit $139,966
- Property Type Multifamily
- Units 3
- Current Rents $40,740
- Pro Forma Rents $55,800
- In Place NOI $21,979
- Projected NOI $36,286
- Target CAP Rate 5.2%
- Market CAP Rate 5%
- Today's Market Value $450,000
- Value w/Market Rents –
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
- 5
- 3
- 3484
- 1956
- 100%
- 2
- 2
- Varies
- Window Units
- Common, Paid
5
3
3484
- 1956
- 100%
- 5
- 2
- Varies
- Varies
- Common, Paid
About the property
About the neighbourhood
- Berwyn, Illinois, is a vibrant and growing suburb just minutes from downtown Chicago, offering a compelling opportunity for real estate investors. Known for its historic charm, diverse community, and beautiful brick bungalows, Berwyn combines a small-town feel with easy access to big-city amenities. The area boasts a strong rental market with high demand from young professionals, families, and commuters drawn to its affordable housing, excellent public transportation, and thriving local businesses. With ongoing community development, revitalized commercial corridors, and an active local government fostering economic growth, Berwyn presents a promising environment for both residential and commercial real estate investment.
Municipality - Investor Guide
Berwyn
| Transfer Stamps | Pre Sale Inspection | Yearly Rental Inspection | |
|---|---|---|---|
| Buyer: N | Cost: None | Required: Yes | Required: Yes |
| Seller: Y | Cost: Yes | Cost: $50.00 | Cost: Varies |
| Notes | |||
| Final water bill must be paid prior to closing. | |||
For a list of all Municipality requirements visit our Municipality Requirements Page
Property Documents
Property Financials
View current and future return metrics based on customizable inputs. "Annual Net Income", "Monthly Cash Flow", "Cash on Cash Return", "Equity Value", and "Equity Multiple" are based off of the "Year 2 Pro Forma" column inputs.
Property Current
This column shows the current financial state of the subject property. Some of these inputs may be estimations.
Year 2 Pro Forma
This column is based off of market rents and assumes proper property performance.
Debt Service
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Mortgage Calculator
- Down Payment
- Loan Amount
- Monthly Mortgage Payment
- Monthly Property Tax
- Monthly Property Insurance
- Monthly HOA Fees
Utility Table
Total Yearly Utitlity Cost: $3,000.00
*This Utility Table does not include snow removal or lawn care costs, if any. For more details on snow/lawn expenses, see the "Expenses" attachment located under the "Property Documents" section.
Property Taxes
Currently No Tax data found for this property. Please Check back later.
Walkscore
Nearby
- Arts & Entertainment
-
Suite 333 (0.06 mi)
-
Judy Vessely Music (0.23 mi)
-
Ben's Painters (0.23 mi)
- Education
-
Schools Public (0.14 mi)
-
St Mary of Celle Religious Education (0.26 mi)
-
Happy Kids West (0.26 mi)
- Food
-
BP - Berwyn (0.07 mi)
-
Totatlan Meat Market (0.07 mi)
-
El Chargarro (0.26 mi)
- Health & Medical
-
Trixena Skincare Spa (0.05 mi)
-
RoseAdore (0.06 mi)
-
Roots & Cuttery Glamour Salon (0.21 mi)
Contact Information
- List Price $419,900
- Property Type Multifamily
- Current Rents $40,740
- In Place NOI $21,979
- Target CAP Rate 5.2%
- Today's Market Value $450,000
- Price / Unit $139,966
- Units 3
- Pro Forma Rents $55,800
- Projected NOI $36,286
- Market CAP Rate 5%
- Value w/Market Rents –
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
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