6810 31st St., Berwyn, IL 60402

6810 31st St., Berwyn, IL 60402
Photo 1 of 48
$499,900
Beds Baths Sq. Ft. Taxes Built
7 0.00 0 $8,538 1910
On the market: 10 days

Est. Monthly Payment:

$3,705($2,993 + $712 taxes*)

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APPROVED
View full details, 15 photos, school info, and price history
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 Sept 4, 2025) = 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. Tenant Info: One (1 bedroom) unit is month-to-month (flexibility for rent increases). One (1 bedroom ) unit is vacant. Buyer to correct the following two Berwyn-required repairs: 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 courtesy of Margaret Marasco, RE/MAX 1st Service