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2108 Highland Avenue Berwyn, IL 60402 Multi Unit - Multiple New

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  • 2108 Highland Avenue, Berwyn, IL 60402 Main Photo

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Description

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

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 5
Bathrooms: 2
County: Cook
High School: J Sterling Morton West High Scho
Listed By:
Circle One Realty 630-528-2300
MRED MLS
$520,000
Est. $3,404/mo
5beds
2baths
2cars
New to the Market New
BEDS5 BATHS2 full MLS#12597729
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 201

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Ruhl&Ruhl Realtors
563.441.1776

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2108 Highland Avenue, Berwyn, IL 60402.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $520,000$520,000$520,000
Down Payment $104,000$18,200$130,000
Monthly Mortgage Amount $2,528$3,061$3,213
Taxes $724$724$724
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$229$0
Monthly Estimated Total $3,404$4,166$4,089

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