8657 W Berwyn Avenue Chicago, IL ^$ 999,000

8657 W Berwyn Avenue

^$ 999,000

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8657 W Berwyn Avenue

Chicago, IL, 60656

^$ 999,000

Bedrooms12 Baths0.0

Monthly Estimate*

^$ 6,978

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Multi-Family Home for sale in Chicago, IL

for $999,000 with 12 bedrooms. This home was built in 1966 on a lot size of 0.128604.

8657 W Berwyn is a corner six-flat in the O'Hare submarket with strong in-place income. The current monthly rent roll is: $8,440/month. The property has been well-maintained by the same owner for 30+ years. The property consists of one (1) one-bedroom, four (4) two-bedroom and one (1) three-bedroom unit. Unit 2W has the same floor plan as the three-bedroom unit in unit 3W, offering the ability to convert unit 2W into a three-bedroom. Additionally, there is a detached two-car garage and two (2) surface parking spaces, on-site laundry machines and ample tenant storage. Great investment opportunity in a high demand rental market. Please note, the property can be purchased as a portfolio sale with 5240 N Oakview, which is on the opposing corner. 5240 N Oakview is separately listed with an asking price of: $1,099,000.

Multi-Family Contingent

Price

^$ 999,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 16,043

Style

Lot Size

0.128604

Year Built

1966

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12003143

Features

General

Year Built 1966

Tenant Pays Electricity

Stories 3

Tax Year 2022

Gross Income 101280

County Cook

Net Operating Income 68904

Operating Expense 34775

Insurance Expense 5518

Property Type Commercial Sale Multi Family 5+

Contingency Attorney/Inspection

Status Contingent

Directions Follow I-90 W take exit 79A. Merge onto IL-171 S/S Cumberland Ave. Turn right onto W Berwyn Ave.

City Chicago

Total Units 6

MLS Area CHI - O'Hare

Lot Size Square Feet 5602

Street Name Berwyn

Tax Annual Amount 16043

Electric Expense 403

Fuel Expense 5474

Trash Expense 1460

Water Sewer Expense 5012

Additional Parcels Y/N N

Days on Market 7

Standard Status Active Under Contract

Exterior

Lot Dimensions 5602

Interior

Street Suffix Avenue

* Excluded Features

List By

Flats, Llc

Broker

melissa13@aol.com

Affordability Calculator

$8,315

Per Month

Monthly Principal & Interest: $6,978
Monthly Property Taxes: $1,337
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$643,340

Percent of Sale Price 36%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/13/2024	$999,000		Listed Price

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8657 W Berwyn Avenue, Chicago, IL, 60656 is a Multi-Family Home for sale at $999,000 with a lot size of 0.128604. 8657 W Berwyn Avenue has 12 bedrooms, 0.0 baths, and was built in 1966. The property's zip code is 60656 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 4/29/2024.

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8657 W Berwyn Avenue

Multi-Family Home for sale in Chicago, IL

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