Address
6701 Stanley Avenue, Berwyn, IL
Price
$ 2,499,000
Property Attributes
- MLS#12041047
- TypeMulti-Family
- CountyCOOK
- CityBerwyn
- AreaBerwyn
- NeighborhoodSouth Berwyn
- Zip60402
- Style
- Year Built1958
- Taxes$ 75374
- Price$ 2,499,000
- Bedrooms3
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Here's an exceptional opportunity to own a professionally managed 24-unit all brick building in Berwyn, Illinois, with assumable debt at a remarkable 4.88% interest rate and eight years still remaining. Enjoy the ease of an armchair investment, featuring 16 one-bedroom, one-bath, and 8 two-bedroom, one-bath units, all boasting numerous cosmetic updates completed within the last decade. Recent improvements include new electrical service installed in both properties in 2020. Tenants benefit from a beautifully landscaped shared courtyard, coin-operated laundry machines in the basement, and a spacious side parking lot offering 14 convenient parking spaces. This property is broker-owned, ensuring a professionally managed and exclusive investment opportunity. Don't miss out on this unparalleled deal!
| Price History | |
|---|---|
| 4/27/2024 | Listed $2,499,000 |
General Features
| Zoning | MULTI |
|---|---|
| Year Built | 1958 |
| Tenant Pays | Electricity |
| Stories | 2 |
| Tax Year | 2021 |
| Gross Income | 323712 |
| County | Cook |
| Net Operating Income | 222018 |
| Operating Expense | 108674 |
| Insurance Expense | 7000 |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | South on 3100 block of S Oak Park Ave. Turn west onto Stanley Avenue. |
| City | Berwyn |
| Total Units | 24 |
| MLS Area | Berwyn |
| Street Name | Stanley |
| Tax Annual Amount | 75374 |
| Electric Expense | 2900 |
| Fuel Expense | 15000 |
| Trash Expense | 1200 |
| Water Sewer Expense | 7200 |
| Additional Parcels Y/N | Yes |
| Days on Market | 18 |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Lot Dimensions | 13,480 SF |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60402
Price
Taxes
Visits
Year Built
