NOT LISTED FOR SALE

1647 Euclid Ave Berwyn, IL 60402

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

Sale Details

Date 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

6,098 Sq Ft Lot

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
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • 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

Exterior Features

  • Construction Materials: Brick

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

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
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 12234
  • Tax Year: 2022

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2024
Closed on
May 23, 2024
Sold by
Bought by
Seller's Agent
Viviana Fernandini
Coldwell Banker Realty
Buyer's Agent
Santiago Valdez
Compass
List Price
$659,900
Sold Price
$637,500
Premium/Discount to List
-$22,400
-3.39%
Views
35

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$478,125
Interest Rate
0.07%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Sep 9, 2022
Closed on
Mar 9, 2023
Sold by
Bought by
Seller's Agent
Allen Snyder
RE/MAX Partners
Buyer's Agent
Travis Rotheiser
HomeSmart Connect LLC
List Price
$559,000
Sold Price
$495,000
Premium/Discount to List
-$64,000
-11.45%
Views
145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.69%
Original Mortgage
$247,500
Interest Rate
0.0988%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
0.0646%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$637,500 None Listed On Document
$495,000 None Listed On Document
$565,000 Git
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $478,125
Previous Owner $247,500
Previous Owner $268,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,035 $51,000 $9,528 $41,472
2024 $16,035 $51,000 $9,528 $41,472
2023 $12,235 $51,000 $9,528 $41,472
2022 $12,235 $30,529 $8,258 $22,271
2021 $11,652 $30,527 $8,257 $22,270
2020 $11,348 $30,527 $8,257 $22,270
2019 $11,589 $28,098 $7,463 $20,635
2018 $11,132 $28,098 $7,463 $20,635
2017 $12,106 $31,529 $7,463 $24,066
2016 $10,157 $24,013 $6,193 $17,820
2015 $9,967 $24,013 $6,193 $17,820
2014 $9,688 $24,013 $6,193 $17,820
2013 $9,448 $26,339 $6,193 $20,146
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12028178

Midwest Real Estate Data (MRED)
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