NOT LISTED FOR SALE

1845 Grove Ave Berwyn, IL 60402

6 Beds
4 Baths
-- Sq Ft
1947 Built

Last Sold November 10, 2022

Last sale price $429,000

19 Days on Market

About This Home

As of November 2022

*Spectacular Brick Gold Coast Investment Property! Very well-maintained reflecting pride of ownership, featuring THREE LEGAL UNITS: 1st floor unit offers 3 bedrooms (master suite), 2 full baths, updated kitchen, spacious living room and formal dining room, perfect unit for owner occupants. 2nd floor unit offers 2 bedrooms 1 bath and Garden unit has 1 bedroom, 1 bath. This building has been exceptionally maintained with newer radiant heat boiler, newer tuck pointing in front facade and garage, newer windows throughout including egress windows, brand new carpeting on front and back hallways, new sump pump and new hot water heaters. Two car brick garage with new roof! Coin operated laundry room. ***This is a true arm chair investment property with NO REHAB needed. CAP rate is over 8%, cash flow with 20% down is over $10k per year. ***STRONG CASH FLOW FOR THE RIGHT INVESTOR!!! You will not be disappointed!!! Building has passed City of Berwyn compliances updating all electrical boxes to 200 amp including emergency lighting in hallways. Outstanding location close to public transportation and shopping.

Last Agent to Sell the Property

Ray Loma

Inter Properties Inc License #475129478 Listed on: 09/30/2022

Last Buyer's Agent

Toni Wardanian

RE/MAX Plaza License #475128802

RE/MAX Plaza

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,528

Year Built

  • Built in 1947

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Lake Michigan Water

Additional Features

  • Ceiling Fan
  • Lot Dimensions are 135x30

Community Details

Overview

  • 3 Units
  • Gold Coast Subdivision

Building Details

  • Fuel Expense $1,380
  • Insurance Expense $1,554
  • Water Sewer Expense $2,072
  • Gross Income $51,000
  • Net Operating Income $36,466

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,528

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: Gold Coast
  • Year Built: 1947
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Other Equipment: Ceiling Fan(s), Sump Pump
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • List Price: 429900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Radiant
  • Water Source: Lake Michigan

Fee Information

  • Water Sewer Expenses: 2072

Schools

  • Middle/Junior School District: 98

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 135X30
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 36466
  • Fuel Expense: 1380
  • Insurance Expense: 1554
  • GrossIncome: 51000
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 9528
  • Tax Year: 2020
  • Tax Exemptions: None

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
11/10/2022 11/10/22 Sold $429,000 -0.2% --
10/20/2022 10/20/22 Pending -- -- --
10/19/2022 10/19/22 For Sale $429,900 0.0% --
10/04/2022 10/04/22 Pending -- -- --
09/30/2022 09/30/22 For Sale $429,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11642246

Midwest Real Estate Data (MRED)