Essex Realty Group, Inc. has been exclusively engaged to market for sale a portfolio of three multifamily properties consisting of (34) units located in the west suburban city of Berwyn:
6520 W Windsor Ave – 10 units
3225 Home Ave – 12 units
7115-7125 36th St – 12 units
The three properties feature flexi-core construction and have received numerous upgrades since 2019. Nine (9) of the thirty-four (34) units have been rehabbed and include vinyl plank floors, upgraded kitchens and baths, and new appliances. 3225 Home received a new boiler in 2023 as well as a replaced sump pump, patched roof and seam repairs, and replaced hot water heater. 7115-25 36th St received new washers, boiler repairs, and several unit upgrades. 6520 Windsor received a new sump pump, a replaced control gasket, and ignition for the hot water heater. Ownership was successful in reducing the 2023 assessed value by 2%, thereby lowering the future tax burden for a new owner.
The properties are conveniently located within walking distance to both the Berwyn Metra Station and the Harlem Ave Metra Station. The close proximity to retail shops and the Metra provides tenants easy access to neighboring west suburban cities and Downtown Chicago.
The (34) unit portfolio offers a new owner the opportunity to scale their suburban footprint in a high demand rental community with strong in-place cash flow and plenty of room to increase rents.
The City of Berwyn is a near-west Chicago suburb situated in Cook County. Located only 10 miles southwest of downtown Chicago, Berwyn has easy access to public transportation, including multiple bus routes and the Metra BNSF Line, making it an excellent location for residents and visitors. Furthermore, the city benefits from major roads and highways, such as Interstate 290, facilitating easy travel to downtown Chicago or other suburbs. Referred to as “Beautiful Berwyn,” the relaxed suburb hosts a vibrant restaurant and live entertainment scene, tree-lined streets, abundant parks, and a plethora of retail options.
The Subject Properties boast an exceptional location surrounded by independent bars, breweries, restaurants, and nightlife. They are also conveniently located within minutes of numerous retail options from independent grocers to national retailers such as Costco, Petco, and Best Buy. Additionally, the Berwyn Metra station is located within a short walk.
- 34 Unit Portfolio in Berwyn
- Significant Rental Upside
- Located in High Demand Suburban Rental Community
- Opportunity to Acquire Immediate Scale