NOT LISTED FOR SALE

1647 Euclid Ave Berwyn, IL 60402

7 Beds
5 Baths
4,630 Sq Ft
6,098 Sq Ft Lot

Last Sold May 23, 2024

Last sale price $637,500 $138 Per Sq Ft

2 Days on Market

About This Home

As of May 2024

Discover an exceptional investment opportunity with this prime North Berwyn corner building. This fully rented, updated brick property boasts a strategic location between 16th st. and Cermak road ensuring convenience and high demand. Featuring two spacious two-bedroom and three cozy one-bedroom apartments, this legal 5-unit property is a secure income generator. Additionally, a fully rented three-car garage adds to the revenue stream. & coin laundry of ($2400 annually). Sold in AS-IS condition, with Buyer to assume all City of Berwyn Compliance repairs, certifications and escrow. Recent upgrades include a new 75-gallon hot water heater (2022), fresh carpeting and paint throughout (2023), new appliances in some units, and newer windows for the majority of the building. All units have separate Gas/Electric meters. This turnkey investment with month-to-month leases offers modern comfort and strong income potential. Own a property that blends convenience, updates, and financial security.

Last Agent to Sell the Property

Viviana Fernandini

Coldwell Banker Realty License #475198932 Listed on: 04/12/2024

Coldwell Banker Realty

Co-Listed By

thalia almazan

MLC Properties & Management Inc License #475197028

Last Buyer's Agent

Santiago Valdez

Compass License #475153660

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,234

Year Built

  • Built in 1953

Lot Details

  • 6,098

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4,630 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Utilities

  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $360
  • Insurance Expense $3,600
  • Maintenance Expense $1,000
  • Trash Expense $2,101
  • Water Sewer Expense $2,155
  • Operating Expense $10,116
  • Gross Income $77,820
  • Net Operating Income $67,704

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,234

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1953
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 7
  • Fireplaces: 1
  • Dishwashers: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 659900

Garage/Parking

  • Indoor Parking: 1-5 Spaces

Utilities

  • Heat/Ventilation: Gas
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Trash Expense: 2101
  • Water Sewer Expenses: 2155
  • Janitor Expense: 500

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 6352
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 4630

Multi Family

  • Net Operating Income: 67704
  • Insurance Expense: 3600
  • ElectricExpense: 360
  • GrossIncome: 77820
  • Maintenance Expense: 1000
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 10116
  • Expense Year: 2023
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 12234
  • Tax Year: 2022

Range of Values:

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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
05/23/2024 05/23/24 Sold $637,500 -3.4% $138 / Sq Ft
04/15/2024 04/15/24 Pending -- -- --
04/12/2024 04/12/24 For Sale $659,900 +33.3% $143 / Sq Ft
03/15/2023 03/15/23 Sold $495,000 -6.4% $107 / Sq Ft
11/11/2022 11/11/22 Pending -- -- --
10/18/2022 10/18/22 Price Changed $529,000 -2.0% $114 / Sq Ft
10/11/2022 10/11/22 Price Changed $540,000 -3.4% $117 / Sq Ft
09/09/2022 09/09/22 For Sale $559,000 -- $121 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2024

    Viviana Fernandini

    Coldwell Banker Realty

    1 in this area

    13 Total Sales

    Viviana Fernandini
    Section Image
  • thalia almazan

    Seller Co-Listing Agent in 2024

    thalia almazan

    MLC Properties & Management Inc

    (773) 439-0618

    1 in this area

    16 Total Sales

    thalia almazan
    Section Image
  • Santiago Valdez

    Buyer's Agent in 2024

    Santiago Valdez

    Compass

    (773) 858-2410

    8 in this area

    500 Total Sales

    Santiago Valdez
    Section Image

  • A

    Seller's Agent in 2023

    Allen Snyder

    RE/MAX

    Section Image
  • Alicia Snyder-Poulos

    Seller Co-Listing Agent in 2023

    Alicia Snyder-Poulos

    RE/MAX

    (708) 514-4949

    22 in this area

    97 Total Sales

    Alicia Snyder-Poulos
    Section Image

  • T

    Buyer's Agent in 2023

    Travis Rotheiser

    HomeSmart Connect LLC

    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12028178

Midwest Real Estate Data (MRED)
Illinois Cook County Berwyn 60402

1647 Euclid Ave, Berwyn, IL

This home is located at 1647 Euclid Ave, Berwyn, IL 60402 since 12 April 2024. This property was built in 1953. 1647 Euclid Ave is a home located in Cook County with nearby schools including Prairie Oak School, Lincoln Middle School, and J Sterling Morton West High School.

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