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Rare 30-Unit Multifamily Building

3302 Kenilworth Ave. Berwyn, IL 60402

Pricing/Terms Explained 

$3,050,000

$101,666 / Unit

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30

Beds

30

Baths

20,000

Sq. Ft.

1927

Yr. Built

100%

Occupancy

0

4 Stories

Boiler Heat

Paid, On Site

Street View

Property Summary

About The Property

Type

Multifamily

In Place NOI

$157,318

Target CAP Rate

5.2%

Today's Market Value

$3,140,000

Target Purchase Price

$3,050,000

Units

30

Projected NOI

$329,735

Market CAP Rate

5%

Value w/Market Rents

$6,590,000

Cost Per Unit

$101,666

Beautiful 30-unit architectural brick apartment building in the Chicago suburb of Berwyn. The building consists of 28 Studios and 2 One-Bedroom units. The studios are large and could easily be converted to all one-bedroom units as a relatively simple value-add play. It is located only 1.5 blocks from the Berwyn Metra station and is adjacent to a lively retail district. The property has had a new roof installed and the brick has been tuckpointed within the past 5 years.

About the Neighborhood

With a population of over 56,000, the City of Berwyn lies only 10 miles southwest of the Chicago Loop. A historic town in its own right, Berwyn was reported to have the highest concentration of financial institutions in the world in the 1990's. Today it's economy is primarily propped up by retail via Cermak Plaza, popular music venues and the Loyola MacNeal Hospital campus. Its proximity to downtown Chicago makes Berwyn an attractive option for those seeking a suburban lifestyle while still remaining close to the city.

Due
Diligence

Documents

Chase Real Estate conducts a thorough document review on every property. For access to current leases for this property please fill out our Leases Request Form.

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