1844 Clarence Ave, Berwyn, IL 60402

9 BR / 5.5 BA Home For Sale in Berwyn, IL - $385,850

Price: $385,850 Bed/Baths: 9/5.5 Sq. Ft.: 5180
Year Built: 1922 MLS#: 08542776


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1844 Clarence Ave, Berwyn, IL

Sari Levy
Lucid Realty
Phone: 630 359 4696
Last updated: 10/31/2014

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Great investment opportunity! 5 Unit Building!

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.

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Property Details for
1844 Clarence Ave, Berwyn, IL
Status: Sold
Traditional Home Features 5180 sq. ft.
 •Multi-Family  •Bedrooms: 9  •Bathrooms: 5.5
 •Total rooms: 8+  •Stories: 3  •Garage spaces: 3
 •Fireplaces: 3  • Basement  • Hardwood floors
 • Formal dining room  • Storage space  • Laundry

Property features
 • Yard

Neighborhood features
 • Near bus  • Near shopping  • Near highway
 • Near park  • Near fitness center

Home Value Estimate for 1844 Clarence Ave

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