Essex Realty Group, Inc. is pleased to announce the sale of 3533 S Harlem Avenue, a 9-unit apartment building in the desirable southwest suburb of Berwyn. The unit mix consists of five (5) 1Bd/1Ba and four (4) 2Bd/1Ba units. The Property also features five (5) exterior parking spaces that are being rented monthly.
Current ownership recently completed a number of improvements to both the unit interiors and building mechanical systems. With the exception of units 1M and 2M, all apartments have been updated with various levels of improvements including new granite countertops, appliances, flooring, and bathroom vanities.
After procuring multiple tours and offers, the Property went under contract within two weeks of listing and sold within 95% of list price.
Essex Realty Group, Inc. has been exclusively engaged to market for sale 3533 S Harlem Avenue, a 9-unit apartment building in the desirable southwest suburb of Berwyn. The unit mix consists of five (5) 1Bd/1Ba and four (4) 2Bd/1Ba units. The Property also features five (5) exterior parking spaces that are being rented monthly.
Current ownership recently completed a number of improvements to both the unit interiors and building mechanical systems. With the exception of units 1M and 2M, all apartments have been updated with various levels of improvements including new granite countertops, appliances, flooring, and bathroom vanities.
3533 S Harlem Avenue offers a new owner the opportunity to acquire a well-maintained property in a strong suburban rental community with significant upside. Upon renovation, the two non-rehabbed units may experience $100+/month rental increases; additionally, the current rents for rehabbed units could be increased $50-$100/month as-is per the enclosed rental survey.
- Extremely Well-Maintained Property
- Several Recent Capital Expenditures
- Significant Rental Upside ($50-$100+/mo.)
- Property Located .3 Miles from Harlem Ave Metra
- Large Units with Various Cosmetic Updates