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$360,000

For Sale - Active
1321 East Ave, Berwyn, IL 60402
6 Beds
2 Baths
0 Square Feet
0.00 Acres Lot
Built in 1903
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jun 27, 2025 at 03:42AM

Investment Summary


Monthly Cash Flow
-$867
Cap Rate
2.8%
Cash-on-Cash Return
-12.6%
Debt Coverage Ratio
0.49
Internal Rate of Return (5 years)
-8.2%

Property Description


0.00 Acres Lot
Built in 1903
For Sale - Active
Units n/a

Fantastic Two-Flat building in Berwyn. Don't miss this exceptional opportunity to own a two-flat in desirable Berwyn-ideal for investors or owner-occupants! Each spacious unit features 3 bedrooms and 1 full bath, boasting high ceilings, beautiful hardwood floors, oversized windows with natural light, a huge living/dining room combo, and a large eat-in kitchen, ample closet and storage space. Sharded washer and dryer in the common area, an enclosed back porch, and a generously sized backyard perfect for entertaining. Unit 2 was collect 2000 dollars per month, unit 1 was collect 1500 dollars per month, the rent was below market price due to long term tenants. Prime Location: Just minutes from the CTA Blue Line (Austin Station) and quick access to I-290 for an easy commute to downtown Chicago. Close to major retailers including ALDI, Walmart Supercenter, Costco, Pete's Fresh Market, and Jewel-Osco.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 12
  • Basement Description: None

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof Material: Asphalt

Land Information

  • Land Use: Residential Income
  • Land Use Subtype: Multi-Family Dwellings (any combination 2+)

Lot Information

  • Parcel ID: 1619212010
  • Lot Size: 0 sqft

Property Information

  • Property Type: Multi Family
  • Year Built: 1903

Tax Information

  • Annual Tax: $8,174

Utilities

  • Heating: Natural Gas, Forced Air

Location

  • County: Cook

Listing Details


Listed by:
Josephine Wang
Concentric Realty Inc.
(312) 721-3953

Source:
Midwest Real Estate Data (MRED)
MLS#: 12399246
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$867
Cap Rate
2.8%
Cash-on-Cash Return
-12.6%
Debt Coverage Ratio
0.49
Internal Rate of Return (5 years)
-8.2%

Purchase Details

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Purchase price:
$360,000
Amount financed:
-$288,000
Down payment:
$72,000
Closing costs:
$10,800
Rehab costs:
$0
Initial cash invested:
$82,800
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$288,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,704
Property tax:
$681
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,539

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (31%)
31%-$681-$8,175
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (56%)
56%-$1,231-$14,775

Cash Flow


Monthly Yearly
Net operating income:
$837 $10,044
Mortgage payments:
-$1,704 -$20,448
Cash flow:
$867 $10,404