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Unveiling 1826 Home Avenue, Berwyn, IL: A Deep Dive Into A Historic Multifamily Property

Junius Stehr

Nestled within the charming and historic community of Berwyn, Illinois, the property at 1826 Home Avenue, Berwyn, IL, stands as more than just an address; it represents a slice of suburban history, a significant real estate asset, and a point of intriguing public record. This comprehensive exploration delves into the various facets of this notable multifamily dwelling, from its architectural heritage and transactional history to its public data and unique associations. Understanding a property like this goes beyond mere brick and mortar; it involves appreciating its role within the local community, its investment potential, and the layers of information accessible through public records.

Berwyn, a vibrant city in Cook County, Illinois, boasts a rich architectural landscape, with many homes reflecting the early 20th-century building boom. Properties like 1826 Home Avenue are integral to this narrative, offering insights into the evolving residential patterns and investment opportunities in the area. This article aims to provide a detailed, expert-level overview, drawing upon available data to paint a complete picture of this distinctive address.

Table of Contents

1. 1826 Home Avenue: A Property Overview

The property located at 1826 Home Avenue, Berwyn, IL 60402, is a significant multifamily residence that has garnered attention for various reasons, including its architectural style, its place in the local real estate market, and its public associations. Built in 1929, this structure embodies the architectural trends and building practices of its era, contributing to the historical fabric of Berwyn. Public records and MLS data provide a detailed snapshot of its characteristics, painting a picture of a substantial residential building.

According to available information, 1826 Home Avenue, Berwyn, IL, is documented as a multifamily property, specifically listed as "apartments (generic)." One set of records indicates it features 7 bedrooms and 4 bathrooms, spanning approximately 3,375 square feet of living space. Another record suggests a larger configuration, detailing 9 beds, 3 baths, and 4312 sq ft. This discrepancy might arise from different listings over time, varying unit configurations, or the inclusion of common areas in total square footage. Regardless of the precise internal layout, it is clear that this is a sizable property designed to accommodate multiple households, making it a valuable asset in the residential market.

The lot size for 1826 Home Avenue is approximately 4,080 square feet, providing a modest but functional outdoor footprint typical for urban and suburban multifamily dwellings built in the early 20th century. Its construction in 1929 places it within a period of significant growth for Berwyn, a time when many of the city's iconic residential buildings were erected. This historical context adds a layer of depth to the property, connecting it to the broader development narrative of the Chicagoland area.

2. Architectural Heritage and Berwyn's Charm

Berwyn, Illinois, is often celebrated for its rich architectural heritage, particularly its collection of bungalows, two-flats, and larger apartment buildings constructed in the early to mid-20th century. 1826 Home Avenue, Berwyn, IL, with its 1929 construction date, fits squarely into this historical context. Buildings from this era often feature sturdy construction, classic brickwork, and functional layouts designed for comfortable urban living. While specific architectural details of this particular building are not extensively detailed in the provided data, its age suggests it likely shares characteristics with many other period homes in the area.

Properties built in 1929 would have incorporated design elements popular during the late 1920s, potentially including elements of Prairie School, Art Deco, or more traditional American Foursquare styles, adapted for multifamily use. These buildings were often designed to be durable and efficient, providing housing for a growing population drawn to suburban areas like Berwyn, which offered a quieter alternative to downtown Chicago while maintaining convenient access to the city.

The charm of Berwyn itself is deeply intertwined with its housing stock. The city prides itself on its tree-lined streets, diverse community, and proximity to various amenities, including parks, schools, and commercial districts. Owning a property like 1826 Home Avenue means being part of this vibrant community, contributing to its residential character, and potentially benefiting from the ongoing revitalization and appeal of the area.

3. Real Estate Dynamics: Sales History and Market Value

The transactional history of a property offers crucial insights into its market value and investment trajectory. For 1826 Home Avenue, Berwyn, IL, public records indicate a significant recent transaction. The property was sold for $389,900 on September 10, 2020. This sale price reflects the market conditions at that time and the perceived value of a multifamily dwelling in Berwyn.

It's also noted that the property last sold for $390,000, which is remarkably close to the September 2020 figure, suggesting a relatively stable or slightly fluctuating market value around that period. The consistency in these figures, despite minor variations, points to a predictable valuation for this type of property in the Berwyn market. Multifamily properties are often sought after by investors looking for rental income and long-term appreciation, making their sales data particularly interesting for real estate analysis.

Understanding the sales history helps potential buyers or investors gauge future appreciation and rental yields. Factors influencing the sale price of 1826 Home Avenue would include:

  • The number of units and their condition.
  • Overall square footage and lot size.
  • Proximity to public transportation, schools, and local amenities.
  • The general health of the Berwyn real estate market at the time of sale.
  • Any necessary repairs or upgrades reflected in the price.
The sale in 2020 indicates a recent market valuation, which is vital for current assessments or future considerations of sale or lease.

4. Multifamily Living: Investment Potential and Community Impact

1826 Home Avenue, Berwyn, IL, as a multifamily property, presents a unique set of considerations for both owners and the community. Multifamily homes, such as apartment buildings or two-flats, are a cornerstone of urban and suburban housing, offering diverse living arrangements and investment opportunities. For an owner, a multifamily property can generate rental income from multiple units, potentially offsetting mortgage costs and providing a steady stream of revenue. This makes them attractive investments, particularly in areas with strong rental demand like Berwyn.

The investment potential of 1826 Home Avenue lies in its capacity to house multiple tenants. With 7 or 9 bedrooms across several units, it can cater to various demographics, from young professionals to families. The appeal of Berwyn, with its accessible location relative to Chicago and its more affordable housing compared to inner-city neighborhoods, further enhances the rental market for properties like this. Investors often look at factors such as:

  • Cap rate (capitalization rate) to assess profitability.
  • Occupancy rates in the area.
  • Property management costs.
  • Potential for value-add renovations.
The presence of an "inspection on file with most items co." suggests that due diligence was performed, which is critical for any real estate transaction, especially for investment properties.

From a community perspective, multifamily properties contribute to housing density and affordability. They provide options for individuals and families who may not be ready or able to purchase a single-family home. This diversity in housing stock is crucial for a healthy, inclusive community. The ongoing maintenance and responsible management of properties like 1826 Home Avenue directly impact the neighborhood's quality of life and aesthetic appeal.

5. Public Records Decoded: APN, Taxes, and Due Diligence

When investigating any property, especially one with significant investment potential like 1826 Home Avenue, Berwyn, IL, delving into public records is paramount. These records provide a transparent and verifiable source of information, crucial for buyers, sellers, and even curious citizens. Public assessor data, maps, and county tax information offer a comprehensive overview of a property's official standing and financial obligations.

5.1. Understanding APN and Parcel ID

Every piece of land and property in the United States is assigned a unique identifier known as an Assessor's Parcel Number (APN) or Parcel ID. This number is fundamental for tracking property ownership, assessing taxes, and managing land records. For 1826 Home Avenue, Berwyn, IL 60402, its APN/parcel ID allows anyone to access detailed information from the county assessor's office. This includes the legal description of the property, its assessed value for tax purposes, and historical ownership transfers. Understanding the APN is the first step in conducting thorough due diligence on any real estate asset.

Property taxes are a significant ongoing cost for any real estate owner. County tax information for 1826 Home Avenue, Berwyn, IL, provides details on the annual tax burden, payment history, and any outstanding tax liens. This data is publicly accessible and is vital for prospective buyers to accurately calculate their carrying costs. Tax assessments are typically based on the property's market value, as determined by the county assessor, and can fluctuate over time. Examining several years of tax data can reveal trends in property valuation and tax rates in Berwyn, offering a clearer financial picture for potential investors.

5.3. The Importance of Property Inspections

The data mentions a "Berwyn inspection on file with most items co." This highlights the critical role of property inspections in real estate transactions. An inspection provides an objective assessment of the property's condition, identifying any structural issues, necessary repairs, or potential hazards. For a building constructed in 1929, an inspection is even more crucial, as older properties can have unique maintenance requirements, such as outdated electrical systems, plumbing, or roofing. A thorough inspection helps buyers understand the true cost of ownership beyond the purchase price, revealing potential future expenses for repairs or upgrades. For multifamily properties, inspections also need to consider the condition of common areas and the individual units.

6. The Notable Association: 1826 Home Avenue and Public Figures

Beyond its real estate statistics, 1826 Home Avenue, Berwyn, IL, has garnered public attention due to a notable association. According to a hatewatch investigation, white nationalist Nick Fuentes has repeatedly livestreamed from a "pricey apartment building in suburban Chicago," while telling viewers and supporters that he was still working from his old studio in his parents’ basement five miles away. The investigation specifically linked Nicholas Fuentes to "1826 Home Avenue, Berwyn, IL 60402" as a location from which he operated, and it is listed among his "past addresses."

This association brings a layer of public interest to the property, moving it beyond a mere real estate listing to a location tied to a public figure. It highlights how addresses, particularly those associated with public figures, can become subjects of scrutiny and public record. While the property itself is a standard multifamily dwelling, its documented connection to such activities means it has been part of a broader public narrative. The data explicitly states, "We found Nicholas Fuentes in Berwyn, IL (Illinois)" and lists "1826 Home Ave Berwyn IL 60402 past addresses." This information, derived from a public investigation, underscores the transparency inherent in public records and the potential for any address to become part of a wider public discourse, particularly when linked to individuals in the public eye.

It is important to reiterate that the focus here is on the property's documented association as per the provided data, not on the views or activities of the individual in question. The property's identity as a multifamily residence in Berwyn remains its primary characteristic, with this association being a notable, publicly documented detail.

7. Berwyn: A Community Spotlight

The city of Berwyn, Illinois, where 1826 Home Avenue is located, is a vibrant and diverse community with a unique identity within the Chicago metropolitan area. Often referred to as the "City of Homes," Berwyn boasts an impressive collection of early 20th-century architecture, contributing to its distinct character. Its proximity to Chicago, coupled with its more affordable housing options, has made it an attractive place for families, young professionals, and commuters.

Berwyn offers a range of amenities that enhance the quality of life for its residents. The city is known for its beautiful parks, including the popular Proksa Park, which provides green spaces for recreation and community events. A thriving commercial district, particularly along Cermak Road and Ogden Avenue, offers a variety of shops, restaurants, and local businesses, reflecting the city's diverse population and tastes. The community is also well-served by public transportation, including Metra train lines, providing convenient access to downtown Chicago and surrounding suburbs.

The local real estate market in Berwyn is dynamic, characterized by a mix of single-family homes, two-flats, and multifamily buildings. The city has seen consistent interest from buyers and investors, drawn by its relative affordability, architectural charm, and strong community spirit. Initiatives aimed at revitalizing commercial corridors and preserving historic homes further contribute to Berwyn's appeal. Owning property in Berwyn, whether for residence or investment, means being part of a community that values its heritage while looking towards future growth and development.

8. Future Outlook for 1826 Home Avenue and Berwyn Real Estate

Considering its historical significance, current market standing, and location within a desirable suburban community, the future outlook for 1826 Home Avenue, Berwyn, IL, appears robust. As a multifamily property, it is well-positioned to continue serving as a valuable income-generating asset for investors or a comfortable residence for multiple families. The ongoing demand for rental housing in the Chicago suburbs, driven by affordability and accessibility, suggests that properties like this will remain attractive.

The broader real estate market in Berwyn is generally stable, with a steady appreciation in property values over time. Factors that could influence the future of 1826 Home Avenue include:

  • Continued economic growth in the Chicagoland area.
  • Trends in interest rates and mortgage availability.
  • Local zoning changes or community development initiatives.
  • Any future renovations or upgrades undertaken by the property owners to enhance its appeal and functionality.
The presence of public records and readily available information ensures transparency for future transactions. Potential buyers or current owners can always "view photos and details for 1826 home ave, berwyn, il 60402 (10784791)," and "see if the property is available for sale or lease," ensuring that information is current and accessible.

Ultimately, 1826 Home Avenue stands as a testament to Berwyn's enduring appeal as a residential hub. Its history, its role as a multifamily dwelling, and its documented public associations all contribute to its unique narrative. For anyone interested in real estate, local history, or the intricate details of property records, this address offers a fascinating case study in the dynamics of suburban living and investment.

We hope this detailed exploration of 1826 Home Avenue, Berwyn, IL, has provided valuable insights. Do you have any personal experiences with properties in Berwyn or questions about multifamily investments? Share your thoughts in the comments below, or explore other articles on our site for more real estate insights!

1826 home Ave, Berwyn, IL 60402 | MLS# 10784791 | Redfin

1826 home Ave, Berwyn, IL 60402 | MLS# 10784791 | Redfin

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1826 home Ave, Berwyn, IL 60402 | MLS# 10784791 | Redfin

1826 home Ave, Berwyn, IL 60402 | MLS# 10784791 | Redfin

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