100% Leased Arm-Chair Property on Busy Ogden Ave
No Longer Available For Sale
6246-52 W. Ogden Ave.
Berwyn, IL 60402
5,800 SF
Mixed-Use
The Details
- 5,800 SF mixed-use building
- 3 storefront units totaling 3,860 SF
- Two 2 BR and one 1 BR apartments
- 100% occupancy
- Recently rehabbed including central heat/air, furnaces, facade, roof, windows, and new fire alarm system
- Parking lot for 7 cars plus street parking
- Pro Forma NOI: $60,108
- Cap Rate: 8.9%
- Land Area: 6,000 SF
- Zoning: C-3, general service district
- Taxes (2013): $15,516
Recently rehabbed, this 5,800 mixed-use building is fully leased. The building features three storefront units totaling 3,860 square feet, two 2-bedroom apartments and a 1-bedroom apartment. The recent rehab includes a new furnaces, windows, updated facade, new roof, and new fire alarm system. All of the units are individually metered with central heat and air. Fully leased, the property generates approximately $60,108 in net operating income annually, making this a great arm-chair investment.
The corner building is located on a busy stretch of Ogden with a significant number of local businesses, restaurants and shops nearby. Berwyn is a western suburb of Chicago totaling 3.8 square miles. The town is home to 56,657 people and 18,910 households as of the 2010 census.