NOT LISTED FOR SALE

2101 Grove Ave Berwyn, IL 60402

11 Beds
6 Baths
-- Sq Ft
6,096 Sq Ft Lot

Last Sold June 06, 2023

Last sale price $700,000

7 Days on Market

About This Home

As of June 2023

Fantastic Investment opportunity! Built in 1991, this brick and block 6 unit building is as solid as they come. Perfect for both an armchair or live-in investor. The 2nd floor potential owners unit features 3 bedrooms, 2 baths with a heated Airoom enclosure over the 2 car garage with direct access from inside the unit. Each unit has their own private balcony and off-street parking space. 9 total off-street spots including the 2 car garage. Tenants enjoy the peace and quiet of Flexicore construction which provides sound-proofing between each floor. Common area coin laundry adds an additional $4,200 in income. Owner pays heat, trash and water. Tenants pay electricity. 7 electric meters (6 tenant, 1 common area). Boiler and hot water heater appx. 10 years old. All windows replaced in 2000. Photos are of the most recently updated unit. Building sold As-Is. Buyer responsible for any City of Berwyn compliance items. 2 to 3 units and common area will be available to view at initial showing. Pre-Approval or Proof of Funds required prior to first showing.

Last Agent to Sell the Property

Kim DiPadova

Baird & Warner License #475169358 Listed on: 04/12/2023

Baird & Warner

Last Buyer's Agent

Ricardo Rodriguez

Realty of America, LLC License #475129475

Realty of America, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,835

Year Built

  • Built in 1991

Lot Details

  • 6,096 Sq Ft Lot
  • Property fronts an alley
  • Corner Lot

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Pitched Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Gas
  • Radiant Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $470
  • Fuel Expense $5,169
  • Insurance Expense $3,222
  • Maintenance Expense $2,600
  • Other Expense $3,600
  • Trash Expense $2,138
  • Water Sewer Expense $2,918
  • Operating Expense $39,152
  • Gross Income $94,200
  • Net Operating Income $55,048

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,835

Year Built

Built in 1991

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: 3
  • Year Built: 1991
  • Built Before 1978 (Y/N): No
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: 26-35 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Misc Inside: Laundry Room
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 1
  • Refrigerators: 7
  • Ranges: 6
  • Number of Windows: 8
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Block
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street, Alley Access
  • List Price: 765000
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Pitched
  • Misc Outside: Balcony/ies

Garage/Parking

  • Outdoor Parking: 6-12 Spaces
  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers
  • Utilities: Water-Municipal, Cable Available
  • Heat/Ventilation: Gas,Radiators,Radiant
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 2138
  • Water Sewer Expenses: 2918
  • Janitor Expense: 1200
  • Operating Expense Includes: Insurance,Pest Control,Trash,Utilities,Water/Sewer,Electricity,Gas,Real Estate Tax

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 6096
  • Lot Size Sq Ft: 6096
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 55048
  • Fuel Expense: 5169
  • Insurance Expense: 3222
  • ElectricExpense: 470
  • GrossIncome: 94200
  • Maintenance Expense: 2600
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 39152
  • Expense Year: 2022
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 17835
  • Tax Year: 2021

Range of Values:

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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 List to Sale Price per Sq Ft
06/06/2023 06/06/23 Sold $700,000 -8.5% --
04/20/2023 04/20/23 Pending -- -- --
04/12/2023 04/12/23 For Sale $765,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kim DiPadova

    Seller's Agent in 2023

    Kim DiPadova

    Baird Warner

    (630) 542-5313

    2 in this area

    57 Total Sales

    Kim DiPadova
    Section Image
  • Ricardo Rodriguez

    Buyer's Agent in 2023

    Ricardo Rodriguez

    Realty of America, LLC

    (708) 903-9324

    7 in this area

    30 Total Sales

    Ricardo Rodriguez
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11757084

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

2101 Grove Ave, Berwyn, IL

This home is located at 2101 Grove Ave, Berwyn, IL 60402 since 12 April 2023. This property was built in 1991. 2101 Grove 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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