- List Price $774,900
- Price / Unit $129,150
- Property Type Multifamily
- Units 6
- Current Rents $82,920
- Pro Forma Rents $111,600
- In Place NOI $44,673
- Projected NOI $71,919
- Target CAP Rate 5.77%
- Market CAP Rate 5.5%
- Today's Market Value $812,000
- Value w/Market Rents $1,300,000
*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.
- 10
- 6
- 5701
- 1970
- 100%
- 5
- 2
- Boiler Heat
- Window Units
- Common, Paid
10
6
5701
- 1970
- 100%
- 10
- 2
- Boiler Heat
- Boiler Heat
- Common, Paid
About the property
Welcome to 2125 S. Harlem Ave. nestled in the heart of Berwyn, IL. This building is in a Prime location within a short walking distance to businesses, restaurants, schools & transportation! This multi-unit gem comprises of 6 units, including Four spacious 2-bedroom/1-bathroom units & One 1-bedroom/1-bathroom unit, lined with hardwood floors & all well maintained with plenty of potential. Cash flow can be increased substantially as units are but well under-rented based on the current Rental Market. Roof is actively maintained, boiler is less than 6 years old. The property has 5 parking spots in the back and is adjacent to a large parking lot. The building also has an on-site Laundry room. This listing presents a rare opportunity to invest in a vibrant, densely populated & ever developing suburb of Berwyn, IL.
About the neighbourhood
- Berwyn, IL, is a vibrant suburban community located just to the west of Chicago. Known for its charming residential neighborhoods and rich history, Berwyn offers a blend of urban convenience and small-town charm. The city is home to a diverse population and boasts an array of local businesses, from classic diners and family-owned shops to trendy cafes and restaurants.Berwyn's streets are lined with a mix of early 20th-century architecture, including bungalow-style homes and larger brick structures, offering a nostalgic feel that contrasts with the modern developments in the area. The city has a strong sense of community, with active neighborhood associations and various local events throughout the year, including festivals and farmer’s markets.Transportation is convenient, with easy access to the CTA Blue Line and Metra train stations, connecting residents to downtown Chicago in just a short commute.
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
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Mortgage Calculator
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Utility Table
Total Yearly Utitlity Cost: $9,481.00
*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
| 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|
| Tax Amount | $6,812.06 | $12,385.56 | $12,061.66 | $13,149.39 |
| YOY Tax Change ($) | -$5,573.50 | +$323.90 | -$1,087.73 | +$517.70 |
| YOY Tax Change (%) | -45.00% | +2.69% | -8.27% | +4.10% |
| Current Assessed Value | $50,000 | Source - Public Record For more information on assessments, property taxes, and tax appeals visit: Property Taxes | Assessed - Land | $6,786 | Assessed - Improved | $43,214 |
For more information on assessments, property taxes, and tax appeals visit: Property Taxes
Walkscore
Nearby
- Arts & Entertainment
-
Schottler & Associates (0.12 mi)
-
Goodwill Store & Donation Center (0.13 mi)
-
Solutions for Care (0.13 mi)
- Education
-
OwlLight Therapy (0.12 mi)
-
JH Little Angels Home Day Care (0.33 mi)
-
Morton West High School (0.44 mi)
- Food
-
Smoothie King (0.09 mi)
-
Chipotle Mexican Grill (0.09 mi)
-
Five Guys (0.09 mi)
- Health & Medical
-
Smoothie King (0.09 mi)
-
The Vitamin Shoppe (0.1 mi)
-
Nootens Raymond H MD (0.1 mi)
Contact Information
- List Price $774,900
- Property Type Multifamily
- Current Rents $82,920
- In Place NOI $44,673
- Target CAP Rate 5.77%
- Today's Market Value $812,000
- Price / Unit $129,150
- Units 6
- Pro Forma Rents $111,600
- Projected NOI $71,919
- Market CAP Rate 5.5%
- Value w/Market Rents $1,300,000
*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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