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Buying & Selling Real Estate

User Stats

186
Posts
137
Votes
Sean McKee
  • Rental Property Investor
  • Chicago, IL
137
Votes |
186
Posts

Berwyn: Potential 2 Flat Purchase

Sean McKee
  • Rental Property Investor
  • Chicago, IL
Posted Jun 19 2024, 06:58

Hello BP,

I have a potential 2 Flat in Berwyn that I have a "verbal agreement" to purchase for 205k. It's definitely not a final deal yet, but I wanted to see if anyone has general gauge of the rents in the area. Both of the units are 2 bed/1 bath. The first-floor unit is ~800SQFT and duplexed down to a finished storage area. The upstairs unit is approx. ~800 SQFT. 

Both units have access to laundry, a 2-car garage, and a parking pad. No Central AC. Currently they have average finishings for the area.

I have an idea on the rents but would like to hear what other people are currently renting their units for. Do you know what the max potential rent is?

Thanks for any advice!

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