Essex Realty Group, Inc. has been exclusively engaged to market for sale, 6701-6705 Stanley Avenue in the west suburban city of Berwyn, IL. The Subject Properties consist of (16) One Bedroom and (8) Two Bedroom units, and is located just 0.2 miles from the Berwyn Metra station, MacNeal Hospital, and numerous other employers and retailers along South Oak Park Avenue.
ASSUMABLE DEBT AVAILABLE AT 4.88% MATURING 9/1/2032
Freddie Mac loan serviced by Lument
Contact your Essex Broker for more information
The Properties have been meticulously maintained with numerous cosmetic updates to the units, and improvements to the mechanicals including all new electrical service installed to both properties in 2020. Tenants benefit from a beautifully landscaped shared courtyard space, and coin-operated laundry machines in both basements. Units are on average between $100-200/month below market “as-is” allowing a new investor to step into a cash flowing and low maintenance property on day one, with significant rental upside.
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.
6701-07 Stanley Ave. boasts an exceptional location surrounded by independent bars, breweries, restaurants, and nightlife. The Subject property is 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 a mere three-minute walk from the Property.
- 24-Units Featuring (16) 1Bd/1Ba & (8) 2Bd/1Ba Units in Desirable Berwyn Location
- Assumable Freddie Mac Debt Available @ 4.88% Maturing 9/1/2032
- All Units Updated Within the Last 10 Years
- Impeccably Maintained Buildings with Separate Basements and Shared Courtyard Space
- Opportunity to Increase Rents Between $100-200/Month in “As-Is” Condition