$705,000
SOLD JUN 26, 2025

2125 S Harlem Ave Berwyn, IL 60402

-- Bed
-- Bath
-- Sq Ft
1970 Built

Recently Sold

5% Below List Price

25 Days on Market

About This Home

As of June 2025

Welcome to 2125 S. Harlem Ave. nestled in the heart of Berwyn, IL. This building is in a Prime location within a short walking distance to businesses, restaurants, schools & transportation! This multi-unit gem comprises of 6 units, including Four spacious 2-bedroom/1-bathroom units & One 1-bedroom/1-bathroom unit, lined with hardwood floors & all well maintained with plenty of potential. Cash flow can be increased substantially as units are but well under-rented based on the current Rental Market. Roof is actively maintained, boiler is less than 6 years old. The property has 5 parking spots in the back and is adjacent to a large parking lot. The building also has an on-site Laundry room. This listing presents a rare opportunity to invest in a vibrant, densely populated & ever developing suburb of Berwyn, IL.

Last Agent to Sell the Property

Phu Nguyen

Citypoint Illinois LLC License #471022579 Listed on: 04/01/2025

Last Buyer's Agent

Angela Moy

Landmark & Property Group, Inc License #475132552

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,720

Year Built

  • Built in 1970

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $459
  • Fuel Expense $3,361
  • Insurance Expense $4,200
  • Maintenance Expense $3,000
  • Manager Expense $4,146
  • Other Expense $1,700
  • Trash Expense $1,104
  • Water Sewer Expense $4,557
  • Operating Expense $38,247
  • Gross Income $82,920
  • Net Operating Income $44,673

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,720

Year Built

Built in 1970

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1970
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Baseboard

Condo/Co-op/Association

  • Manager Expense: 4146
  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 1104
  • Water Sewer Expenses: 4557

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 4524
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 10

Multi Family

  • Net Operating Income: 44673
  • Fuel Expense: 3361
  • Insurance Expense: 4200
  • ElectricExpense: 459
  • GrossIncome: 82920
  • Maintenance Expense: 3000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 38247
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 15720
  • Tax Year: 2023
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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
06/26/2025 06/26/25 Sold $705,000 0.0% --
04/26/2025 04/26/25 Pending -- -- --
04/26/2025 04/26/25 Off Market $705,000 -- --
04/01/2025 04/01/25 For Sale $739,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

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 $15,721 $50,000 $6,786 $43,214
2024 $15,721 $50,000 $6,786 $43,214
2023 $13,005 $53,000 $6,786 $46,214
2022 $13,005 $32,448 $5,881 $26,567
2021 $12,386 $32,448 $5,881 $26,567
2020 $12,062 $32,448 $5,881 $26,567
2019 $13,149 $31,882 $5,315 $26,567
2018 $12,632 $31,882 $5,315 $26,567
2017 $12,242 $31,882 $5,315 $26,567
2016 $11,214 $26,512 $4,410 $22,102
2015 $11,004 $26,512 $4,410 $22,102
2014 $10,696 $26,512 $4,410 $22,102
2013 $10,948 $30,521 $4,410 $26,111
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12326577

Midwest Real Estate Data (MRED)
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