3239 Grove Avenue Berwyn, IL ^$ 1,499,000

3239 Grove Avenue

^$ 1,499,000

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3239 Grove Avenue

Berwyn, IL, 60402

^$ 1,499,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 9,352

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Commercial Property for sale in Berwyn, IL

for $1,499,000. This building was built in 1959 on a lot size of 0.086088.

Newly remodeled mixed-use investment property in the heart of Berwyn! This solid brick building features 5 brand-new residential apartments plus 4 completely renovated commercial units on the lower level, offering modern finishes and excellent rental potential. Each space has been updated with quality materials and functional layouts, making it ideal for today's tenants and business owners. Recent improvements include a brand-new roof and new electric meters. With strong income performance, minimal upkeep needed, and excellent visibility, this property is ideal for investors seeking both stability and long-term growth. Conveniently located near shopping, dining, schools, and public transportation.

Commercial Active

Price

^$ 1,499,000

Property Type

Commercial

Taxes

^$ 68,500

Style

Lot Size

0.086088

Year Built

1959

Town/City

Berwyn

County/Region

Cook

MLS | Web ID

12509687

Features

General

Cooling Central Air

Utilities Electric to Site Natural Gas Available Cable Available

Possession Closing

Year Built 1959

Electric Circuit Breakers

Stories Count 2

Property Subtype Mixed Use

Tax Year 2023

Gross Income 193200

County Cook

Net Operating Income 117780

Operating Expense 75420

Insurance Expense 2500

Property Type Commercial Sale Mixed Use

Status Active

Directions Harlem Ave to 31st St east to Grove Ave north to property.

City Berwyn

Number Of Units Total 9

MLS Area Berwyn

Lot Size Square Feet 3750

Tax Annual Amount 68500

Electric Expense 720

Fuel Expense 0

Trash Expense 1000

Water Sewer Expense 2700

Additional Parcels Y/N N

Standard Status Active

Cap Rate 8

Exterior

Lot Dimensions 30 x 125

* Excluded Features

List By

Century 21 Circle

Broker

richardoudeh@att.net

Affordability Calculator

$15,060

Per Month

Monthly Principal & Interest: $9,352
Monthly Property Taxes: $5,708
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly 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

Trends
Schools

Commerical listings in Berwyn, IL

Average List Price ^$883,400

Percent of Sale Price 41%

About Berwyn, IL

56,734 Population

5% Since 2002

^$59,822 Median Income

35.34 Median Age

33% 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
11/3/2025	$1,499,000		Listed Price

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3239 Grove Avenue, Berwyn, IL, 60402 is a Commercial Property for sale at $1,499,000 with a lot size of 0.086088. 3239 Grove Avenue was built in 1959. The property's zip code is 60402 which is in Berwyn, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

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 12/6/2025.

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3239 Grove Avenue

Commercial Property for sale in Berwyn, IL

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