4317 Saint Charles Road
- Significant Value-Add Opportunity: In-Place Rents Well Below Market with Substantial Upside Through Renovation and Professional Management
- Long-Term Family Ownership: First Time On Market In Over 40 Years
- All Units Fully Above Grade: No Garden-Level Apartments
- 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
Property Description
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. 4317 St. Charles Road presents a compelling value-add opportunity for investors seeking rental upside through hands-on management and unit-level improvements. Market rents are estimated at $1,200 per month for one-bedroom units and $1,450 for the two-bedroom unit, supported by comparable properties in the immediate area achieving $1,100 to $1,395 for one-bedroom units and $1,440 to $1,575 for two-bedroom units. The property benefits from a transit-oriented location approximately three blocks from the Bellwood Metra station on the Union Pacific West Line, providing direct service to downtown Chicago’s Ogilvie Transportation Center. Pace bus routes 309 and 330 offer additional connectivity to the CTA Green and Blue Lines, as well as O’Hare International Airport via Mannheim Road. Interstate 290 is also easily accessible, connecting residents to Chicago’s central business district and the broader western suburban employment corridor. Additionally, the $43 million Bellwood Gateway development, a 71-unit workforce housing community at 2711 St. Charles Road is currently under construction with expected delivery in spring 2026, further underscoring rental demand and supporting future rent growth in the area. 4317 St. Charles Road represents a rare opportunity to acquire a well-located 11-unit apartment building in a transit-rich western suburb with meaningful upside through professional management and strategic capital improvements.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,000,000 |
| No. of Units: | 11 |
| Opportunity Zone: | No |
| Price per unit: | $90,909 |
| 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
15852-15856 S 51st Place
Terre Haute, Indiana
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
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