Property Overview

Interra Realty has been exclusively engaged to market for sale the property located at 6744-50 21st Street in Berwyn, Illinois. The subject investment opportunity is a multifamily building located in the near West Suburb Berwyn, Illinois. The property is located on the corner of Oak Park Avenue and 21st Street. Berwyn is located approximately 10 miles West of downtown Chicago. The area provides close proximity to the Metra train, Pace Bus and is near both the CTA Blue and Pink Lines. The property is ideally situated two blocks North of Cermak Road, which offers robust retail and restaurant options for tenants.

The unit mix consists of thirteen (13) large one-bedroom / one-bathroom units. The building is heated through a steam boiler (2020) and cooled through window a/c units. Additional recent capital improvements include a new 10,000gal hot water holding tank (2023), new retaining wall at rear of property, and roof/tuckpointing work (2023). The building features a storage unit for each tenant and common laundry (owned), which generates supplemental income.

A new investor has the opportunity to renovate units and realize higher rent levels in the near term.

Highlights

  • High Curb Appeal Walkup Apartment Building
  • Excellent Berwyn Location, Near Cermak Road
  • Long Term Owner With Many Capital Improvements
  • All Large, One-Bedroom Layouts

Key Details

Sale Price
$1,430,000
Number of Units
Thirteen (13)
Submarket
Berwyn