NOT LISTED FOR SALE
12 Beds
6 Baths
6,570 Sq Ft
5,602 Sq Ft Lot

Last Sold May 22, 2024

Last sale price $1,025,000 $156 Per Sq Ft

4 Days on Market

Highlights

  • Central Heating
  • Taft High School Rated A-
  • Hot Water Heating System

About This Home

As of May 2024

8657 W Berwyn is a corner six-flat in the O'Hare submarket with strong in-place income. The current monthly rent roll is: $8,440/month. The property has been well-maintained by the same owner for 30+ years. The property consists of one (1) one-bedroom, four (4) two-bedroom and one (1) three-bedroom unit. Unit 2W has the same floor plan as the three-bedroom unit in unit 3W, offering the ability to convert unit 2W into a three-bedroom. Additionally, there is a detached two-car garage and two (2) surface parking spaces, on-site laundry machines and ample tenant storage. Great investment opportunity in a high demand rental market. Please note, the property can be purchased as a portfolio sale with 5240 N Oakview, which is on the opposing corner. 5240 N Oakview is separately listed with an asking price of: $1,099,000.

Last Agent to Sell the Property

Melissa Morgan

Flats, LLC License #475165598 Listed on: 03/13/2024

Last Buyer's Agent

Jay Chandran

Jay C Realty, Inc. License #471009988

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,043

Year Built

  • Built in 1966

Lot Details

  • 5,602

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating
  • Hot Water Heating System

Additional Features

  • 3-Story Property
  • 5,602 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $403
  • Fuel Expense $5,474
  • Insurance Expense $5,518
  • Maintenance Expense $865
  • Trash Expense $1,460
  • Water Sewer Expense $5,012
  • Operating Expense $34,775
  • Gross Income $101,280
  • Net Operating Income $68,904

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,043

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1966
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Room: 4
  • Room: 4
  • Room: 0

Exterior Features

  • List Price: 999000

Garage/Parking

  • Outdoor Parking: 1-5 Spaces
  • Indoor Parking: 1-5 Spaces

Utilities

  • Heat/Ventilation: Central Bldg Heat,Hot Water

Fee Information

  • Trash Expense: 1460
  • Water Sewer Expenses: 5012
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 5602
  • Lot Size Sq Ft: 5602

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 2

Multi Family

  • Net Operating Income: 68904
  • Fuel Expense: 5474
  • Insurance Expense: 5518
  • ElectricExpense: 403
  • GrossIncome: 101280
  • Maintenance Expense: 865
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 34775
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 16043
  • Tax Year: 2022

Range of Values:

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Average Value
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List Price
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 Change Sq Ft Price
05/22/2024 05/22/24 Sold $1,025,000 +2.6% $156 / Sq Ft
03/18/2024 03/18/24 Pending -- -- --
03/13/2024 03/13/24 For Sale $999,000 -- $152 / 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: 12003143

Midwest Real Estate Data (MRED)

APN: 12111140010000