NOT LISTED FOR SALE

3101 S Harlem Ave Berwyn, IL 60402

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

Sale Details

Date 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

3,450 Sq Ft Lot

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
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • 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

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • 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

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
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 12471
  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2024
Sold by
Bought by

Purchase Details

Listed on
Dec 21, 2022
Closed on
Jan 19, 2023
Sold by
Bought by
Seller's Agent
Paul Proano
Coldwell Banker Commercial NRT
Buyer's Agent
George Sloan
Coldwell Banker Commercial Real Estate Group
List Price
$650,000
Sold Price
$608,500
Premium/Discount to List
-$41,500
-6.38%
Views
204

Purchase Details

Closed on
Jul 26, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
0.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 2005
Sold by
Bought by

Purchase Details

Closed on
Jan 10, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
0.0583%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 2002
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$608,500 Chicago Title
$530,000 Attorney
-- --
$555,000 --
$213,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $110,000
Closed $444,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,566 $32,352 $3,450 $28,902
2024 $11,566 $32,352 $3,450 $28,902
2023 $13,602 $32,352 $3,450 $28,902
2022 $13,602 $29,935 $3,019 $26,916
2021 $13,195 $29,933 $3,018 $26,915
2020 $12,471 $29,933 $3,018 $26,915
2019 $9,947 $22,070 $2,760 $19,310
2018 $9,363 $22,070 $2,760 $19,310
2017 $9,582 $22,070 $2,760 $19,310
2016 $7,570 $17,456 $2,328 $15,128
2015 $7,421 $17,456 $2,328 $15,128
2014 $7,495 $18,280 $2,328 $15,952
2013 $8,525 $23,383 $2,328 $21,055
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)
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