NOT LISTED FOR SALE

3724 Oak Park Ave Berwyn, IL 60402

6 Beds
6 Baths
-- Sq Ft
1928 Built

Last Sold April 26, 2021

Last sale price $505,000

15 Days on Market

About This Home

As of April 2021

MUCH SOUGHT AFTER 6 UNIT BRICK INVESTMENT PROPERTY. LONG TIME OWNERS HAVE KEPT THIS BUILDING IN GREAT SHAPE. ALL UNITS ARE 1 BEDROOM APARTMENTS WITH FORMAL DINING ROOMS. BASEMENT HAS COIN OPERATED LAUNDRY AND STORAGE FOR ALL UNITS. 4 CAR BRICK GARAGE. RENTS SHOULD BE HIGHER. AWESOME LOCATION! CLOSE TO RESTAURANTS, LOYOLA HOSPITAL AND TRAIN. BUYER WILL BE RESPONSIBLE FOR MISSING SIDING ON REAR PORCH, REQUIRED BY BERWYN COMPLIANCE. SELLER WILL BE RESPONSIBLE FOR ALL REMAINING ITEMS. ALL 4 GARAGE SERVICE DOORS ARE STEEL AND HAVE BEEN RECENTLY REPLACED. COME TAKE A LOOK!

Last Agent to Sell the Property

Joyce Ordonez

Gaslight Realty License #475134787 Listed on: 01/20/2021

Last Buyer's Agent

Alfredo Cruz

RE/MAX City

RE/MAX City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,745

Year Built

  • Built in 1928

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

  • No Cooling
  • Central Heating
  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Gas

Additional Features

  • 3-Story Property
  • Lot Dimensions are 54x122

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $554
  • Fuel Expense $4,546
  • Insurance Expense $3,492
  • Trash Expense $711
  • Water Sewer Expense $1,161
  • Operating Expense $24,730
  • Gross Income $63,420
  • Net Operating Income $38,690

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,745

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1928
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 6
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 4
  • Room: 4
  • Room: 0

Exterior Features

  • List Price: 525000
  • Exterior Building Type: Brick

Utilities

  • Cooling: None
  • Heat/Ventilation: Central Bldg Heat,Gas,Radiators,Steam
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 711
  • Water Sewer Expenses: 1161
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 54X122
  • Alternate Phone Number: (708) 691-2609

Rental Info

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

Multi Family

  • Net Operating Income: 38690
  • Fuel Expense: 4546
  • Insurance Expense: 3492
  • ElectricExpense: 554
  • GrossIncome: 63420
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 24730
  • Expense Year: 2019
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 15745
  • Tax Year: 2019

Range of Values:

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Sold Price
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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
04/26/2021 04/26/21 Sold $505,000 -3.8% --
02/04/2021 02/04/21 Pending -- -- --
01/20/2021 01/20/21 For Sale $525,000 -- --
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: 10975561

Midwest Real Estate Data (MRED)