3302 Kenilworth Avenue Berwyn, IL $ 2,900,000
3302 Kenilworth Avenue
$ 2,900,000
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3302 Kenilworth Avenue

Berwyn, IL, 60402
$ 2,900,000
Bedrooms1 Baths0.0 Sq 20,000

Monthly Estimate*

$ 18,092

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Multi-Family Home for sale in Berwyn, IL

for $2,900,000 with 1 bedroom. This 20,000 square foot home was built in 1927.

Recently renovated and fully re-leased to quality tenants, this striking 30-unit architectural brick apartment building offers a rare investment opportunity in the high-demand Chicago suburb of Berwyn. The property features 29 spacious studio units and 1 one-bedroom unit, with a straightforward path to converting the studios into one-bedrooms-presenting a clear value-add strategy for increased rental income. Ideally situated just 1.5 blocks from the Berwyn Metra station and steps from a vibrant retail corridor, the building benefits from strong transit access and neighborhood amenities. Major capital improvements include a newer roof, recent brick tuckpointing, and an upgraded heating system with efficient in-unit electric baseboard heating. IL Licensed Broker has a partial interest of the LLC that holds title to the property.

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Multi-Family Contingent

Price

$ 2,900,000

Bedrooms

1

Property Type

Multi-Family

Taxes

$ 72,936

Style

Multi-Family

Year Built

1927

Town/City

Berwyn

County/Region

Cook

MLS | Web ID

12435940

Features
General
Cooling Window Unit(s)
Possession Closing
Zoning MULTI
Construction Materials Brick Wood
Year Built 1927
Electric Circuit Breakers
Tenant Pays Electricity
Stories Count 4
Tax Year 2022
Current Use Multi-Family
Gross Income 366720
County Cook
Net Operating Income 211376
Operating Expense 155344
Insurance Expense 8364
Property Type Commercial Sale Multi Family 5+
Contingency Attorney/Inspection
MaintenanceExpense 25000
Possible Use Multi-Family
Status Contingent
Directions South on 3100 block of S Oak Park Ave. Turn west onto Stanley Avenue.
City Berwyn
Number Of Units Total 30
MLS Area Berwyn
Tax Annual Amount 72936
Electric Expense 2088
Fuel Expense 12870
Trash Expense 2624
Water Sewer Expense 11526
Additional Parcels Y/N N
Standard Status Active Under Contract
Cap Rate 7
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Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 20000
Lot Dimensions 8972
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* Excluded Features
List By
Citypoint Illinois Llc

Broker

Marcin@citypoint.com

Email

Affordability Calculator

$24,170
Per Month
75%
25%
0%
Monthly Principal & Interest
$18,092
Monthly Property Taxes
$6,078
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/1/2025$2,900,000 Listed Price

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3302 Kenilworth Avenue, Berwyn, IL, 60402 is a Multi-Family Home for sale at $2,900,000 with 20,000 sqft. 3302 Kenilworth Avenue has 1 bedrooms, 0.0 baths, and was built in 1927. The property's zip code is 60402 which is in Berwyn, IL