Property Overview
Interra Realty has been exclusively engaged to market 3200 South Oak Park Ave, Berwyn, "reVerb Century Station" for sale. The subject investment property, built in 2010, is a fifty two (52) unit apartment building above four ground-floor commercial suites. The property is located in the historic district of Berwyn, just nine miles southwest of downtown Chicago.
The property features an attractive unit mix of large one and two bedroom units with spacious balconies above 10,662 SF of first-floor commercial. The apartments have limited competitive supply in the submarket and have performed well historically. The units have been improved with new vinyl flooring, stainless steel appliances and modern closet systems. Each unit features individual HVAC, dishwasher and stackable laundry. The property features a passenger elevator, heated garage and exterior parking, lobby with secured entrances through an intercom system, and concrete between each floor for noise reduction.
ReVerb Century Station presents investors with a rare opportunity to acquire a newer construction boutique mixed-use asset in Berwyn's Historic District steps from the Metra Station and MacNeal Hospital.
Learn more about this transaction here.
Highlights
- Rarely Available, New Construction, Boutique Property in Downtown Berwyn
- Steps from Metra Train & MacNeal Hospital, Berwyn’s Largest Employer
- Recent 5% Rental Increases on Renewals and 7% on Trade-Outs
- Individual HVAC, Hot Water Tanks & Individual Laundry in Each Unit
- Heated Garage and Surface Parking
- All Retail Units Under Active Lease