1844 S Clarence Ave, Berwyn, IL 60402
The best of Berwyn. Legal, cash flow positive, 5 unit brick building that is fully rented with secured leases. Large octagon style apartments. The building contains four two bedroom units and one one bedroom unit. Four units feature hardwood floors and beautiful hardwood trim. The front two units feature stained art glass windows. Well maintained building in terrific condition, no work needed and not a fixer upper. Attached 3 car garage generates additional rental income. This building is perfect for any investor looking for a solid building. Recent upgrades include new boiler (2013), roof and tuck-pointing.
Property has return of 7% and GRM of 7.6 at current price. Two units are rented at $900 month, two units at $850 per month and the 1 bedroom basement unit is rented for $650 per month. The garage and laundry machines generate an additional $3k of income each year.
Large rooms feature hardwood flooring, hardwood trim, crown molding and a faux fireplace with wood mantel and book shelves. Numerous windows allow tons of natural light to shine through.
The front units each feature a dining room with hardwood flooring. The large dining room is located centrally off the kitchen and has a ceiling fan and a french door. Several windows to allow for lots of natural light.
Large closets, hardwood flooring and windows with hardwood trim are featured in all the bedrooms.
The hallways are clean, carpeted, well lit and beautiful hardwood banisters adorn the stairs.
The kitchen (from basement unit) shows the ample size. Each unit is equipped with a refrigerator and stove.
Bathrooms contain full bath and updated cabinets and vanity mirrors.
Windows and Tuck-pointing
The image below demonstrates the condition of the brickwork and the beautiful art glass windows.
- Attached 3 car garage
- Roof recently resealed
- Boiler recently replaced
- Washer and dryer in basement
- Additional storage and room in basement