NOT LISTED FOR SALE

2909 S Harlem Ave Berwyn, IL 60402

12 Beds
6 Baths
4,388 Sq Ft
1959 Built

Last Sold October 31, 2024

Last sale price $685,000 $156 Per Sq Ft

10 Days on Market

Highlights

  • Property is near public transit
  • Storage Room
  • 4-minute walk to Proksa Park
  • Laundry Room
  • Baseboard Heating

About This Home

As of October 2024

An excellent investment opportunity in the highly sought-after Berwyn area! This well-maintained all brick building, under the care of a single owner, features 6 units and a 2 car garage. All units are fully rented to long-term tenants with month-to-month leases. Most units have been updated in the last few years, Basement units include a one bedroom unit and a two bedroom unit (bath remodeled in 2023), the first floor units include a large 3 bedroom unit, recently remodeled with new luxury vinyl laminate flooring and fresh paint and a two bedroom unit updated in 2023 with fresh paint and new floors, the second floor units include two, 2 bedroom units, one that was remodeled in 2020. Tenants are responsible for electricity & gas, while the owner covers water and scavenger services. The building also includes a laundry room in the basement with one coin-operated washer and dryer, generating additional monthly income. There are 6 outdoor parking spaces, one assigned to each tenant. Appliances are included as each unit is equipped with a refrigerator and gas range. Some of the units are currently rented slightly below market value, presenting an opportunity for a new owner to increase rental income. Security deposits are lower than the current rent, reflecting the long-term tenancy. This property is part of an estate sale and is being sold AS IS. The building is easy to show with 24 hour notice, and at least two units will be available for viewing. Recent updates include a new roof in 2022, updated outlets 2023, landscaping in 2024, a fence in 2021, and a updated patio area to entertain. Close to shopping, restaurants, schools, public transportation, and has easy interstate access. Cash flowing with minimum updates needed and opportunity to increase current income.

Last Agent to Sell the Property

Amy Izzo

eXp Realty License #475172618 Listed on: 08/14/2024

eXp Realty

Last Buyer's Agent

Jacquelyn Theisen

@properties Christie's International Real Estate License #475184277

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,049

Year Built

  • Built in 1959

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation

Interior Spaces

  • 4,388 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Laundry Room
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Location

  • Property is near public transit

Utilities

  • No Cooling
  • Baseboard Heating
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $308
  • Other Expense $202
  • Trash Expense $118
  • Water Sewer Expense $222
  • Operating Expense $9,720
  • Gross Income $78,600
  • Net Operating Income $68,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,049

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1959
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,Show-Lock Box,Other-See Remarks
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Possible Use: Multi-Family
  • Basement Description: Partially Finished
  • Fire Protection: Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Misc Inside: Storage Inside,Laundry Room
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Block, Brick/Mortar
  • Frontage Type: City Street
  • Exterior Building Type: Brick
  • Roof Structure: Flat
  • Misc Outside: Balcony/ies,Accessible Entrance,Patio

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: None
  • Electric: Separate Meters
  • Utilities: Water-Municipal
  • Heat/Ventilation: Baseboard
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 118
  • Water Sewer Expenses: 222
  • Operating Expense Includes: Maintenance,Pest Control,Electricity

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 3,510
  • Zoning: MULTI
  • Land Amenities: Sidewalks

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10
  • Tenancy Type: Month To Month

Building Info

  • BuildingAreaTotal: 4388
  • Building Unit Info: Smoke/Alarm Detector,Storage/Locker Area

Multi Family

  • Net Operating Income: 68880
  • Insurance Expense: 308
  • GrossIncome: 78600
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 9720
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 8049
  • Tax Year: 2023

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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 List to Sale Price per Sq Ft
10/31/2024 10/31/24 Sold $685,000 -8.7% $156 / Sq Ft
08/24/2024 08/24/24 Pending -- -- --
08/14/2024 08/14/24 For Sale $750,000 -- $171 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Amy Izzo

    Seller's Agent in 2024

    Amy Izzo

    eXp Realty

    (708) 359-6510

    3 in this area

    253 Total Sales

    Amy Izzo
    Section Image
  • Jacquelyn Theisen

    Buyer's Agent in 2024

    Jacquelyn Theisen

    @ Properties

    (847) 778-2636

    1 in this area

    96 Total Sales

    Jacquelyn Theisen
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12128319

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

2909 S Harlem Ave, Berwyn, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes