3420 Warren Ave - Multi-Family FOR SALE


Bellwood, IL 60104
$500,000 USD
630-320-9963
3420 Warren Ave, Bellwood, IL for Sale
$500,000 USD
Multi-Family - FOR SALE
1/6
null | Request Cap Rate

3420 Warren Ave
Bellwood, IL 60104


HIGHLIGHTS

  • Desirable Unit Mix: Four (4) 2Bd/1Ba & One (1) 3Bd/1Ba
  • Well-Maintained and Managed: Same Owner for 25 Years
  • Significant Rental Upside: 20% As-Is
  • Value-Add Opportunity: 35%+ Rental Increases with Cosmetic Upgrades

OVERVIEW

Essex Realty Group, LLC has been exclusively engaged to market for sale 3420 Warren Avenue, a five-unit apartment building located in the near west suburb of Bellwood. This well-maintained property has been under the same family ownership and management for over 25 years, and features a desirable unit mix of four (4) 2-bedroom/1-bathroom units and one (1) 3-bedroom/1-bathroom unit, along with five (5) surface parking spaces. With current rents 20% below market, the property offers considerable upside 'as-is.' A new owner will also have the opportunity to make cosmetic upgrades and achieve further rental increases. 3420 Warren Ave. sits in a quiet pocket of Bellwood overlooking the Illinois Prairie Path while offering convenient access to the Eisenhower Expressway (I-290) and O'Hare International Airport.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

5

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

15-09-321-126-0000

ASK ABOUT THIS PROPERTY

Will CrossenEssex Realty Group, LLCMore Info
630-320-9963

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Will CrossenEssex Realty Group, LLCMore Info
630-320-9963

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.