NOT LISTED FOR SALE

3101 S Harlem Ave Berwyn, IL 60402

10 Beds
6 Baths
5,850 Sq Ft
3,450 Sq Ft Lot

Last Sold January 19, 2023

Last sale price $608,500 $104 Per Sq Ft

Highlights

  • Forced Air Heating System
  • Walk-Up Access
  • 5-minute walk to Proksa Park

About This Home

As of January 2023

This property is an all brick 6-unit multifamily property in Berwyn, IL. The property is only one mile away from the retail corridor which offers restaurants, bus stops, Cermak Strip Plaza, and the busy North Riverside Plaza Mall. The unit mix is four (4) units 2 bedrooms/1 bath at 800 SF each and two (2) garden units 1 bedroom/1 bath at 650 SF each. The building offers a coin operated laundry room which collets anywhere from $200.00-$250.00 per month and eight (8) outdoor parking spaces which two extra spaces can be rented out for additional income. The building has a hot water boiler with individual control heat pumps and thermostats, new electrical GFCI outlets in all units, new windows installed in 2020, separate electric meters panels and gas meters. City Of Berwyn Compliance Inspection Completed December 2020. Passed Inspection!

Last Agent to Sell the Property

Paul Proano

Coldwell Banker Commercial NRT License #475170890 Listed on: 12/21/2022

Coldwell Banker Commercial NRT

Last Buyer's Agent

George Sloan

Coldwell Banker Commercial Real Estate Group License #475195321

Coldwell Banker Commercial Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,471

Year Built

  • Built in 1962

Lot Details

  • 3,450 Sq Ft Lot
  • Lot Dimensions are 140x40

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,850 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Finished Basement

  • Walk-Up Access
  • Exterior Basement Entry
  • Basement Storage

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $900
  • Fuel Expense $4,000
  • Insurance Expense $3,300
  • Maintenance Expense $900
  • Manager Expense $4,104
  • Trash Expense $1,776
  • Water Sewer Expense $3,600
  • Operating Expense $31,050
  • Gross Income $71,100
  • Net Operating Income $39,494

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,471

Year Built

Built in 1962

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: 1962
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required,Highly Confidential,Profit & Loss Avalia
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 10
  • Possible Use: Commercial
  • Basement Description: Finished,Exterior Access,Storage Space,Walk-Up Access
  • Fire Protection: None
  • Fireplaces: 1
  • Refrigerators: 6
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 650000
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers, Separate Meters
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Central Bldg Heat,Forced Air
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Manager Expense: 4104
  • Unincorporated (Y/N): No
  • Conversion YN: N

Fee Information

  • Trash Expense: 1776
  • Water Sewer Expenses: 3600
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.07
  • Lot Dimensions: 140X40
  • Lot Size Sq Ft: 3450
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 20
  • Tenancy Type: Leases,Month To Month

Building Info

  • BuildingAreaTotal: 5850

Multi Family

  • Net Operating Income: 39494
  • Fuel Expense: 4000
  • Insurance Expense: 3300
  • ElectricExpense: 900
  • GrossIncome: 71100
  • Maintenance Expense: 900
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 31050
  • Expense Year: 2022
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 12471
  • Tax Year: 2020

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 Change Sq Ft Price
01/19/2023 01/19/23 Sold $608,500 -6.4% $104 / Sq Ft
12/21/2022 12/21/22 For Sale $650,000 -- $111 / 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: 11690471

Midwest Real Estate Data (MRED)