$620,000
SOLD MAR 7, 2025

1641 S Harlem Ave Berwyn, IL 60402

-- Bed
-- Bath
4,000 Sq Ft
5,440 Sq Ft Lot

Recently Sold

$155 Per Sq Ft

7 Days on Market

About This Home

As of March 2025

Well-maintained 5-unit apartment building located in Berwyn. All two-bedroom units with the potential to add a 3rd bedroom to the garden level unit. Building features on-site laundry facilities and parking to accommodate 8 cars. Located near North Riverside Mall, Forest Park Plaza, and numerous other retail and dining options. Convenient access to downtown Chicago via Route 43 and Interstate 290. Located in a strong rental market with potential upside in rents. Berwyn pre-sale inspection report available upon request.

Last Agent to Sell the Property

Emily Habich

Marcus & Millichap Chicago Apartment Brokers License #475186663 Listed on: 01/13/2025

Last Buyer's Agent

Sonia Anaya

America Real Estate License #471003658

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,988

Year Built

  • Built in 1959

Lot Details

  • 5,440 Sq Ft Lot

Interior Spaces

  • 4,000 Sq Ft Home
  • 2-Story Property

Utilities

  • Baseboard Heating
  • Hot Water Heating System

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $686
  • Insurance Expense $2,260
  • Maintenance Expense $1,750
  • Manager Expense $4,123
  • Other Expense $2,000
  • Water Sewer Expense $4,625
  • Operating Expense $32,683
  • Gross Income $85,800
  • Net Operating Income $49,782

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,988

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1959
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required,Other-See Remarks
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 620000

Utilities

  • Heat/Ventilation: Hot Water,Baseboard

Condo/Co-op/Association

  • Manager Expense: 4123
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Water Sewer Expenses: 4625
  • Janitor Expense: 1250

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.13
  • Lot Dimensions: 5,440 SF
  • Lot Size Sq Ft: 5440
  • Zoning: MULTI

Building Info

  • BuildingAreaTotal: 4000

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 49782
  • Insurance Expense: 2260
  • ElectricExpense: 686
  • GrossIncome: 85800
  • Maintenance Expense: 1750
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 32683
  • Expense Year: 2024
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 15988
  • Tax Year: 2023

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2025 03/07/25 Sold $620,000 0.0% $155 / Sq Ft
01/20/2025 01/20/25 Pending -- -- --
01/13/2025 01/13/25 For Sale $620,000 +26.5% $155 / Sq Ft
08/23/2019 08/23/19 Sold $490,000 -5.8% --
08/22/2019 08/22/19 Pending -- -- --
08/21/2019 08/21/19 For Sale $520,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12259938

Midwest Real Estate Data (MRED)