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1647 Euclid Avenue, Berwyn, IL 60402
$659,900 Contingent
1647 Euclid Avenue, Berwyn, IL 60402View this property at 1647 Euclid Avenue, Berwyn, IL 60402
1647 Euclid AvenueBerwynIL60402
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Property Description
Discover an exceptional investment opportunity with this prime North Berwyn corner building. This fully rented, updated brick property boasts a strategic location between 16th st. and Cermak road ensuring convenience and high demand. Featuring two spacious two-bedroom and four cozy one-bedroom apartments, this legal 5-unit property is a secure income generator. Additionally, a fully rented three-car garage adds to the revenue stream ($4600 annually), & coin laundry of ($2400 annually). Sold in AS-IS condition, with Buyer to assume all City of Berwyn Compliance repairs, certifications and escrow. Recent upgrades include a new 75-gallon hot water heater (2022), fresh carpeting and paint throughout (2023), new appliances in some units, and new windows for the majority of the building (2023). All units have separate Gas/Electric meters. This turnkey investment with month-to-month leases offers modern comfort and strong income potential. Own a property that blends convenience, updates, and financial security.
Full Property Details
Full Property Details for 1647 Euclid Ave
General
- Price: $659,900
- HOA FEE: $1,000
- Taxes: $12,234 (2022)
- Status: Contingent
- Type: Commercial
- MLS ID: 12028178
- Updated: 4/16/2024
- Added to Site: 17 day(s) ago
Location
- Area: Berwyn
- County: Cook
- Driving Directions: East Ave. to 18th St., West to Euclid, Corner
Heating & Cooling
- Heating Type: Gas
Utilities
- Trash: 2101
Structural Information
- Construction: Brick
- Stories/Levels: 2
- Square Feet: 4,630
- Current Bldg. Use: Multi-Family
- Year Built: 1953
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 1
Lot Features
- Lot Dimensions: 6352
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $1,000
- Insurance Fee: $3,600
- Operating Expenses: $10,116
- Assessment Year: 1953
- Tax Amount: $12,234
- Tax Year: 2022
- Tenant Pays: Electricity, Heat
- Pays Electric: 360
- Pays Trash: 2101
Disclosures and Reports
- Property ID: 16194010230000
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Schools
Schools serving 1647 Euclid Ave
School Districts:Berwyn North School District 98, J S Morton High School District 201
Rating | Name | Grades | Distance |
---|---|---|---|
1427 Oak Park Ave, Berwyn, IL 60402 | K-5 | 0.3 mi | |
6432 16th St, Berwyn, IL 60402 | 6-8 | 0.3 mi | |
2400 Home Ave, Berwyn, IL 60402 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1647 Euclid Ave
Date
Details
Price
Change
Source
4/12/2024
Listed
$659,900
33.31%
MLS
3/10/2023
Sold
$495,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1647 Euclid Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$12,235
5%
$30,527
—
2021
$11,652
3%
$30,527
—
2020
$11,348
-2%
$30,527
9%
2019
$11,589
4%
$28,098
—
2018
$11,132
-8%
$28,098
-11%
2017
$12,106
19%
$31,529
31%
2016
$10,157
2%
$24,013
—
2015
$9,967
3%
$24,013
—
2014
$9,688
3%
$24,013
-9%
2013
$9,448
6%
$26,339
—
2012
$8,882
—
$26,339
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1647 Euclid Ave
1647 Euclid Avenue, Berwyn, IL 60402 (MLS# 12028178) is a Commercial property. 1647 Euclid Avenue is currently listed for $659,900 and was received on April 12, 2024. This property is listed by Viviana Fernandini from our Lincoln Park Office.Want to learn more about 1647 Euclid Avenue? Do you have questions about finding other Commercial real estate for sale in Berwyn? You can browse all Berwyn real estate or contact a Coldwell Banker agent to request more information.