For Sale
$700,000

2219 Berwyn AveChicago, IL 60625

Chicago Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
117
This charming, Class A, two-unit apartment building in Chicago's desirable Lincoln Square neighborhood presents a compelling investment opportunity. Built in 1925 and situated on a 0.25-acre lot, the property features two updated units, each boasting remodeled kitchens with quartz or granite countertops (completed in 2018), pristine hardwood floors, and significant recent upgrades. Improvements include new windows (2019), a new back porch (2019), and a new water heater (2021). The property also includes a detached two-car garage providing ample parking and storage, and a pleasant backyard. A full basement with dual exits and existing plumbing for a bathroom offers significant potential for expansion. Adding to its appeal, this property is eligible for Chicago's ADU Pilot Program, allowing for the potential addition of at least two more living units, significantly increasing its rental income potential. Conveniently located near the Brown Line, this property offers easy access to public transportation and is surrounded by a vibrant array of restaurants and shops. The asking price is $700,000. This is a rare chance to acquire a well-maintained, income-producing property in a highly sought-after Chicago location with significant upside potential.

Highlights

  • Class A, two-unit apartment building in Lincoln Square, Chicago.
  • Built in 1925, situated on a 0.25-acre lot.
  • Two updated units with remodeled kitchens (2018), hardwood floors, and recent upgrades (windows & back porch in 2019, water heater in 2021).
  • Detached two-car garage and backyard.
  • Full basement with potential for expansion (ADU eligible).
  • $700,000 asking price.

Property Details for 2219 Berwyn Ave

Property type
Apartment buildings
Class
A
Year Built
1925
Lot Size (sq. ft)
10,890 SF
Units
2

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9775881
Longitude
-87.6851414
2219 Berwyn Ave, Chicago, Illinois

FAQs

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2219 Berwyn Ave
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