3420 Warren Ave
- Desirable Unit Mix: Four (4) 2Bd/1Ba & One (1) 3Bd/1Ba
- Well-Maintained and Managed: Same Owner for 25 Years
- Significant Rental Upside: 15%+ As-Is
- Value-Add Opportunity: 35%+ Rental Increases with Cosmetic Upgrades
Property Description
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.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $475,000 |
| No. of Units: | 5 |
| Lot Size: | 0.10 Acres |
| Opportunity Zone: | No |
| Price per unit: | $95,000 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
1825 S Crawford Road
Mt Pleasant, Michigan
1825 S Crawford Road
Mt Pleasant, Michigan
1825 S Crawford Road
Mt Pleasant, MichiganBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout