4317 St Charles Rd - Apartments FOR SALE


Bellwood, IL 60104
$1,000,000 USD
773-469-4062
4317 St Charles Rd, Bellwood, IL for Sale
$1,000,000 USD
Apartments - FOR SALE
1/2
null | 8.03% Cap Rate

4317 St Charles Rd
Bellwood, IL 60104


HIGHLIGHTS

  • Significant Value-Add Opportunity: In-Place Rents Well Below Market with Substantial Upside Through Renovation and Professional Management.
  • Attractive Forecasted Returns: 8.03% Cap Rate, Nearly 10% Cash-on-Cash Return, and 6.14x GRM on a Stabilized Basis.
  • Transit-Oriented Location: Three Blocks from the Bellwood Metra Station (UP-West Line) with Direct Service to Downtown Chicago.
  • Path-of-Growth Corridor: $43 Million Bellwood Gateway Development Under Construction on St. Charles Road.

OVERVIEW

Essex Realty Group, LLC has been exclusively engaged to market for sale 4317 St. Charles Road, an eleven (11) unit apartment building located in Bellwood, Illinois. Owned by the same family for decades, this is the first time the property has been offered for sale in over 40 years. Built in 1966, the brick construction building consists of ten (10) one-bedroom/one-bathroom units and one (1) two-bedroom/one-bathroom unit, all fully above grade. The property also features eleven (11) on-site parking spaces and laundry facilities.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$98 USD /SF

# OF UNITS

10

PRICE/UNIT

$100,000

CAP RATE

8.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

-

APN/PARCEL ID

15-08-216-075-0000

ASK ABOUT THIS PROPERTY

Karla GalvaEssex Realty Group, LLCMore Info
773-469-4062

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Karla GalvaEssex Realty Group, LLCMore Info
773-469-4062

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