First American Exchange Co LLC Acquires Mixed-Use Property In Berwyn, IL For $1M

First American Exchange Co LLC has purchased a vintage 12-unit mixed-use building located at 6908 Cermak Road in Berwyn, IL. The property, which was sold by Arthur Calek, features 10 one-bedroom/one-bathroom units and two retail storefront units along Cermak Road. The sale price for this transaction was $1,000,000, resulting in a price per square foot of $98. The total square footage of the building is 10,200.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $1,000,000
• Address: 6908 Cermak Road, Berwyn, IL
• Market: Berwyn, IL
• Buyer: First American Exchange Co LLC
• Seller: Arthur Calek
• Brokers: Christopher Malay & Jordan Callaway - Marcus & Millichap
• Square Footage: 10,200
• Price per Square Foot: $98

The brokerage firm Marcus & Millichap facilitated the sale of this property. Christopher Malay and Jordan Callaway represented both the buyer and the seller in this transaction. The new owner plans to renovate the units and restructure the plumbing to bring the rents to market value.