Under Contract

Listed by Ryan Cherney from Circle One Realty

Source: Midwest Real Estate Data, LLC #12597729

2108 Highland Avenue, Berwyn, IL, 60402

$508,000

5
2
2

MultiFam

30+ days on the market

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About this property

This property is a buyer's dream with a fully renovated interior, including a modern kitchen with new cabinets, elegant tiling in the kitchen and bathroom, fresh paint in both units, and new windows in Unit 2. Both apartments are bright and spacious, with Unit 2, a three-bedroom apartment, capable of renting for at least $2,200 monthly, plus an additional $125 from the garage space, totaling $2,325 in potential income. Unit 2 is also Airbnb-ready, having previously rented for $125 per night, with all furniture available for purchase to launch your short-term rental business. Unit 1 is already rented for $1,800, contributing to a total building income that nets approximately $500 per month after mortgage and expenses (gas, sewer, and water). Additional perks include newly reconstructed bricks on the top left side of the house (completed in late 2023), and security features like cameras and electric door locks, which can be retained for a negotiable price. The basement is 7 foot tall, framed, has its own electrical box and plumbing and ready for you to install additional rooms increasing the value of the Unit 1 by an additional $1,200. The basement laundry machine also provides extra income. This turnkey property offers excellent returns and convenience for both homeowners and investors

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