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3420 Warren Ave 5 Unit Apartment Building $645,050 CAD ($129,010 CAD/Unit) 7.59% Cap Rate Bellwood, IL 60104
Executive Summary
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.
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.
Property Facts
| Price | $645,050 CAD | Property Subtype | Apartment |
| Price Per Unit | $129,010 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.59% | Lot Size | 0.10 AC |
| Gross Rent Multiplier | 6.6 | Building Size | 4,100 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Price | $645,050 CAD |
| Price Per Unit | $129,010 CAD |
| Sale Type | Investment |
| Cap Rate | 7.59% |
| Gross Rent Multiplier | 6.6 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 4,100 SF |
| No. Stories | 2 |
| Year Built | 1963 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 3+1 | 1 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 15-09-321-126-0000 | Improvements Assessment | $36,991 CAD |
| Land Assessment | $5,126 CAD | Total Assessment | $42,117 CAD |
Property Taxes
Parcel Number
15-09-321-126-0000
Land Assessment
$5,126 CAD
Improvements Assessment
$36,991 CAD
Total Assessment
$42,117 CAD
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3420 Warren Ave
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