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Multifamily

1641 S Harlem Ave

1641 S Harlem Ave, Berwyn, IL 60402

Listing Price: $620,000

Cap Rate
7.81%
Number of Units
5
GRM
7.25
Price/Unit
$124,000
Price/Gross SF
$155.00
Gross SF
4,000

Investment Overview

Marcus & Millichap is pleased to present this five-unit apartment property, built in 1959, located at 1641 South Harlem Avenue in Berwyn, Illinois.

The building is comprised of five two-bedroom / one-bathroom units, measuring on average, approximately 800 square feet each. The property features eight car parking, designated tenant storage, and an on-site laundry facility.

This investment offers an investor the opportunity to acquire a well-maintained asset in a strong rental market with rental upside potential.

Investment Highlights

  • Desirable Unit Mix of Two-Bedroom Units
  • Parking to Accommodate Eight Cars, Designated Tenant Storage, and On-Site Laundry Facility
  • Easy Access to Interstate 290 and Route 43
  • Two Miles from Harlem Avenue Metra Station and Walking Distance to PACE Bus Stops
  • Eight Miles from Midway International Airport
  • Close to North Riverside Park Mall and Forest Park Plaza
  • Near J. Sterling Morton West High School
  • Average Household Income within Three Miles is $97,587

Exclusively Listed By

Multifamily

1641 S Harlem Ave

Listing Price: $620,000

Cap Rate
7.81%
Number of Units
5
GRM
7.25
Price/Unit
$124,000
Price/Gross SF
$155.00
Gross SF
4,000

Investment Highlights

  • Desirable Unit Mix of Two-Bedroom Units
  • Parking to Accommodate Eight Cars, Designated Tenant Storage, and On-Site Laundry Facility
  • Easy Access to Interstate 290 and Route 43
  • Two Miles from Harlem Avenue Metra Station and Walking Distance to PACE Bus Stops
  • Eight Miles from Midway International Airport
  • Close to North Riverside Park Mall and Forest Park Plaza
  • Near J. Sterling Morton West High School
  • Average Household Income within Three Miles is $97,587

Investment Overview

Marcus & Millichap is pleased to present this five-unit apartment property, built in 1959, located at 1641 South Harlem Avenue in Berwyn, Illinois. The building is comprised of five two-bedroom / one-bathroom units, measuring on average, approximately 800 square feet each. The property features eight car parking, designated tenant storage, and an on-site laundry facility. This investment offers an investor the opportunity to acquire a well-maintained asset in a strong rental market with rental upside potential.

Exclusively Listed By

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