ON MARKET – MULTI-FAMILY
3225 S Home Avenue, 7115-7125 36th Street, & 6520 W Windsor Avenue Berwyn, IL
PRICE
$3,075,000
NUMBER OF UNITS
34
CAP RATE
6.05%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale a portfolio of three multifamily properties consisting of (34) total units located in the west suburban city of Berwyn:

3225 Home Ave - 12 units
7115-7125 36th Street - 12 units
6520 W Windsor Ave - 10 units

The three properties feature flexicore construction and were partially rehabbed in 2019 and 2020. 3225 Home received repairs to the boiler, replaced sump pump, patched roof and seam repairs, and replaced hot water heater. 7115-25 36th Street received new washers, and a number of unit upgrades. 6520 received a new sump pump, and replaced, control gasket, and ignition for the hot water heater. In addition, over $60,000 of cosmetic work has been performed across the portfolio.

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 foot print in a high demand rental community with strong in-place cash flow and plenty of room to increase rents.

LOCATION DETAILS

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HIGHLIGHTS
  • 34 Unit Portfolio in Berwyn
  • Located in High Demand Suburban Rental Community
  • Opportunity to Acquire Immediate Scale
  • Well Maintained Flexi-core Buildings
  • Below Market Rents
LISTING BROKER
Derek Kaptanoglu
Director
773.305.4862