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Multifamily

Berwyn Station

3419-3423 S Harlem Ave, Berwyn, IL 60402

Listing Price: $4,900,000

Cap Rate
5.86%
Number of Units
44
GRM
8.55
Price/Unit
$111,364
Price/Gross SF
$189.56
Gross SF
25,850

Investment Overview

Marcus & Millichap is pleased to present this 44-unit apartment property, located at 3419-3423 South Harlem Avenue in Berwyn, Illinois.

Built in 1948, the building is comprised of 34 one-bedroom / one-bathroom units, each averaging approximately 575 square feet, and six large one-bedroom / one-bathroom units, averaging approximately 650 square feet each. The building also has four retail units, averaging approximately 600 square feet each. The property features ample off-street parking, an on-site laundry facility, concrete construction, newer windows and roof.

Beautiful courtyard building in a great location well poised for growth, this asset provides a value-add investment opportunity with a significant upside in rents.

Investment Highlights

  • Ample Off-Street Parking and On-Site Laundry Facility
  • Concrete Construction and Newer Windows and Roof
  • Value-Add Investment Opportunity and Significant Upside in Rents
  • Great Berwyn Location
  • Convenient Transit-Oriented Location Near Harlem Avenue Metra Station with Easy Access to Interstate 55 and Route 43 and Six Miles from Midway International Airport
  • Close to MacNeal Hospital and North Riverside Park Mall
  • Located Near Morton West High School and Surrounded by Recreational Parks, including Harrington Park
  • Average Household Income within One Mile is $111,876

Exclusively Listed By

Multifamily

Berwyn Station

Listing Price: $4,900,000

Cap Rate
5.86%
Number of Units
44
GRM
8.55
Price/Unit
$111,364
Price/Gross SF
$189.56
Gross SF
25,850

Investment Highlights

  • Ample Off-Street Parking and On-Site Laundry Facility
  • Concrete Construction and Newer Windows and Roof
  • Value-Add Investment Opportunity and Significant Upside in Rents
  • Great Berwyn Location
  • Convenient Transit-Oriented Location Near Harlem Avenue Metra Station with Easy Access to Interstate 55 and Route 43 and Six Miles from Midway International Airport
  • Close to MacNeal Hospital and North Riverside Park Mall
  • Located Near Morton West High School and Surrounded by Recreational Parks, including Harrington Park
  • Average Household Income within One Mile is $111,876

Investment Overview

Marcus & Millichap is pleased to present this 44-unit apartment property, located at 3419-3423 South Harlem Avenue in Berwyn, Illinois. Built in 1948, the building is comprised of 34 one-bedroom / one-bathroom units, each averaging approximately 575 square feet, and six large one-bedroom / one-bathroom units, averaging approximately 650 square feet each. The building also has four retail units, averaging approximately 600 square feet each. The property features ample off-street parking, an on-site laundry facility, concrete construction, newer windows and roof. Beautiful courtyard building in a great location well poised for growth, this asset provides a value-add investment opportunity with a significant upside in rents.

Exclusively Listed By

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