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About the Listing 24274 - 606991
Investor's Dream ... Outstanding Investment Opportunity in Prime Berwyn Location! Solid brick 4-unit apartment building just steps from a Metra stop - perfect for commuters and close to public transit, shopping, and dining and walking distance to Proksa Park and YMCA. All units feature functional layouts with long-term tenants, but kitchens and bathrooms are dated-offering excellent potential for future updates and rent increases. An ideal property for investors seeking to add value and boost cash flow over time. Don't miss this income-producing asset in a high-demand rental market with strong tenant retention and excellent upside! Unit Breakdown:(1) 3BR/1BA: leased through 6/2026 and features vinyl floor in kitchen, hardwood in Bedrooms/living/dining room; (1) 2BR/1BA: leased through 7/31/2026: carpeted living/bedrooms, vinyl galley kitchen, balcony; (2) 1BR/1BA: one unit has laminate living room floor, carpeted bedroom/dining, vinyl kitchen, balcony access; Other vacant unit has laminate flooring in living room, carpeted dining room and bedroom ( new carpeting to be installed in dining room and bedroom by end of Sept), ceiling fan, vinyl kitchen. Building Features: coin-op laundry ($1.25/load) = extra income; 1-car brick garage (new overhead door/opener to be installed once permits are approved and contractor is available to install) = additional income; 4 tenant storage units; gas baseboard heat (owner pays gas, water, garbage; tenants pay electric); oven & refrigerator in each unit; new roof (2025), hot water tank (approx. 5 yrs), circuit breakers; and charming courtyard (which can possibly be converted into a parking area (check with Berwyn if they will allow). Tenant Info: One (1 bedroom) unit is month-to-month (flexibility for rent increases). One (1 bedroom with balcony) unit is vacant. Buyer responsible to correct the following two Berwyn-required repairs from point of sale inspection report: 3rd-floor balcony railings - not to current code and stairwell requires emergency lighting with battery backup. Sold AS IS. Showings require 24-48 hours' notice.
Listing Highlights for 6810 31st St
Status
Active
Days on Site
18
Property Type
Multi-Family
MLS ®
12452606
Year Built
1910
Total Square Footage
0
Lot/Acreage
40x60
County
Cook
Area
Berwyn
School District
100
Elementary School
Emerson Elementary School
Middle School
Irving Elementary School
Interior Details
- Bedrooms: 7
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas,Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Lake Michigan
Exterior Details
- Garage Capacity: 1 car
- Parking Spaces: 1
- Lot Dimensions: 40x60
- Roof:
- Others:
- Sewer: Public Sewer,Storm Sewer
- Parking Features: No Garage,On Site,Garage Owned,Detached,Garage
Financial Details
- Tax Amount: $12,165
- Taxes w/Assessments: N/A
- Tax/Property ID: 16311070400000
- Tax Year: 2023
Payment Calculator
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Listing Location
Questions About..
6810 31st St Berwyn, IL 60402
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