Log In/Sign Up
Your email has been sent.
4317 St Charles Rd 10 Unit Apartment Building $1,369,710 CAD ($136,971 CAD/Unit) 8.03% Cap Rate Bellwood, IL 60104
Investment Highlights
- Significant Value-Add Opportunity: In-Place Rents Well Below Market with Substantial Upside Through Renovation and Professional Management.
- Transit-Oriented Location: Three Blocks from the Bellwood Metra Station (UP-West Line) with Direct Service to Downtown Chicago.
- Attractive Forecasted Returns: 8.03% Cap Rate, Nearly 10% Cash-on-Cash Return, and 6.14x GRM on a Stabilized Basis.
- Path-of-Growth Corridor: $43 Million Bellwood Gateway Development Under Construction on St. Charles Road.
Executive Summary
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.
Property Facts
| Price | $1,369,710 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $136,971 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 8.03% | Building Size | 10,230 SF |
| Gross Rent Multiplier | 6.14 | No. Stories | 3 |
| No. Units | 10 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 0.59/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,369,710 CAD |
| Price Per Unit | $136,971 CAD |
| Sale Type | Investment |
| Cap Rate | 8.03% |
| Gross Rent Multiplier | 6.14 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 10,230 SF |
| No. Stories | 3 |
| Year Built | 1963 |
| Parking Ratio | 0.59/1,000 SF |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 15-08-216-075-0000 | Improvements Assessment | $85,136 CAD |
| Land Assessment | $8,389 CAD | Total Assessment | $93,525 CAD |
Property Taxes
Parcel Number
15-08-216-075-0000
Land Assessment
$8,389 CAD
Improvements Assessment
$85,136 CAD
Total Assessment
$93,525 CAD
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
4317 St Charles Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.