3420 Warren Ave - Apartments FOR SALE


Bellwood, IL 60104
$475,000 USD
630-485-8685
3420 Warren Ave, Bellwood, IL for Sale
$475,000 USD
Apartments - FOR SALE
1/6
null | 7.59% Cap Rate

3420 Warren Ave
Bellwood, IL 60104


OVERVIEW

Essex 312, LLC has been exclusively engaged to market for sale 3420 Warren Avenue, a five-unit apartment building in the near west suburb of Bellwood. This well-maintained property has been under the same family ownership for over 25 years and features four (4) 2-bedroom/1-bathroom units and one (1) 3-bedroom/1- bathroom unit with five (5) surface parking spaces. With current rents approximately 15% below market, the property offers immediate 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

$475,000 USD

PRICE/SF

$99 USD /SF

# OF UNITS

5

PRICE/UNIT

$95,000

CAP RATE

7.59%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,390 SF

ZONING

-

APN/PARCEL ID

15-09-321-126-0000

ASK ABOUT THIS PROPERTY

Quinn EvansEssex 312, LLCMore Info
630-485-8685

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Quinn EvansEssex 312, LLCMore Info
630-485-8685

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