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1942 Elmwood Ave 5 Unit Apartment Building $659,000 ($131,800/Unit) 9.83% Cap Rate Berwyn, IL 60402
Investment Highlights
- New roof and new sewer line.
Executive Summary
SOUGHT AFTER BERWYN BRICK 5 UNIT! PROPERTY FEATURES: NEW ROOF WITH WARRANTY & NEW PARAPET WALLS, NEW SEWER LINE, NEW WATER SERVICE, NEW HOT WATER TANK, SOME NEW APPLIANCES, NEW EXPANSION TANK, ELECTRIC GUTTERS & ORIGINAL WOOD WORK & TRIM! BASEMENT HAS BATHROOM & OFFICE! LAUNDRY ROOM & COIN LAUNDRY! THIS ONE WON'T LAST!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$64,800
|
$8.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$64,800
|
$8.10
|
| Taxes |
$11,897
|
$1.49
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$11,897
|
$1.49
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $64,800 |
| Annual Per SF | $8.10 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $64,800 |
| Annual Per SF | $8.10 |
| Taxes | |
|---|---|
| Annual | $11,897 |
| Annual Per SF | $1.49 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $11,897 |
| Annual Per SF | $1.49 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $659,000 | Apartment Style | Low-Rise |
| Price Per Unit | $131,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 9.83% | Building Size | 8,000 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1942/2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $659,000 |
| Price Per Unit | $131,800 |
| Sale Type | Investment |
| Cap Rate | 9.83% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 8,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1942/2020 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
1 1
Very walkable
80/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 16-19-422-028-0000 | Total Assessment | $37,045 (2025) |
| Land Assessment | $5,615 (2025) | Annual Taxes | $11,897 ($1.49/SF) |
| Improvements Assessment | $31,430 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
16-19-422-028-0000
Land Assessment
$5,615 (2025)
Improvements Assessment
$31,430 (2025)
Total Assessment
$37,045 (2025)
Annual Taxes
$11,897 ($1.49/SF)
Tax Year
2024
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1942 Elmwood Ave
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