$495,000
SOLD MAR 15, 2023

1647 Euclid Ave Berwyn, IL 60402

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

Recently Sold

$107 Per Sq Ft

11% Below List Price

62 Days on Market

About This Home

As of May 2024

Fully rented brick building in most convenient North Berwyn location between 16th Street and Cermak Rd. Two two bedroom and three one bedroom apartments. Three car garage is fully rented as well. Property is being sold in AS-IS condition with buyer to assume City of Berwyn Compliance Repairs. Hot water heater was replaced this year - 2022.

Last Agent to Sell the Property

Allen Snyder

RE/MAX Partners License #471003335 Listed on: 09/09/2022

RE/MAX Partners

Co-Listed By

Alicia Snyder-Poulos

RE/MAX Partners License #471009100

Last Buyer's Agent

Travis Rotheiser

HomeSmart Connect LLC License #475181356

HomeSmart Connect LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,652

Year Built

  • Built in 1952

Home Design

  • Brick Exterior Construction

Interior Spaces

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

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Utilities

  • Zoned Cooling
  • Heating System Uses Gas

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $1,121
  • Fuel Expense $1,572
  • Insurance Expense $2,800
  • Maintenance Expense $2,826
  • Other Expense $7,500
  • Trash Expense $1,036
  • Water Sewer Expense $3,842
  • Operating Expense $24,713
  • Gross Income $65,640
  • Net Operating Income $40,927

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,652

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1952
  • Built Before 1978 (Y/N): Yes
  • Information: 48-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
  • Refrigerators: 5
  • Ranges: 5
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 529000

Garage/Parking

  • Outdoor Parking: 1-5 Spaces
  • Indoor Parking: 1-5 Spaces

Utilities

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

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Trash Expense: 1036
  • Water Sewer Expenses: 3842
  • Janitor Expense: 2100

Lot Info

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

Rental Info

  • Tenant Pays: Other
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 4630

Multi Family

  • Net Operating Income: 40927
  • Fuel Expense: 1572
  • Insurance Expense: 2800
  • ElectricExpense: 1121
  • GrossIncome: 65640
  • Maintenance Expense: 2826
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 24713
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 11652
  • Tax Year: 2021

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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11625512

Midwest Real Estate Data (MRED)