Great investment opportunity! 5 Unit Building in Berwyn – $385,850 SOLD

1844 S Clarence Ave, Berwyn, IL 60402

1844 s clarence ave, berwyn, il 60402 exterior

get paid buttonThe 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.

Living Room

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.

Dining Room

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.

Bedroom

Large closets, hardwood flooring and windows with hardwood trim are featured in all the bedrooms.

Front Hallway

The hallways are clean, carpeted, well lit and beautiful hardwood banisters adorn the stairs.

Kitchen

The kitchen (from basement unit)  shows the ample size.  Each unit is equipped with a refrigerator and stove.

Bathroom

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.

Additional Information

  • Attached 3 car garage
  • Roof recently resealed
  • Boiler recently replaced
  • Washer and dryer in basement
  • Additional storage and room in basement

 Contact Information

Please contact Sari Levy at 630 362 4144 or via email at slevy@lucidrealty.com for further information or to arrange a showing. Click here to see our other Chicago Area Homes for Sale.

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