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 |
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Lenders
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Essex Property Trust, Inc.
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Josh A
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Bob Tuteur
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Andrew Schildcrout