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1002 Eastern Avenue

Bellwood, IL 60104
  • $480,000
  • STATUS: Active Under Contract
  • ON SITE: 104 Days
  • MLS #: 11353384
Under Contract
UPDATED: 61 min ago
$480,000
  • 8
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1953
County:
Area:

School Ratings & Info

School District:
88

Description

Looking for an armchair investment with a generous return? Check out this four-unit, townhouse style brick building on corner lot. Generating an 8% cap rate as long-time owner passes utility expenses through to tenants. Two units recently renovated and vacant, making for easy first showing. Two occupied units are on month-to-month leases. Not much to do in terms of value-add, just a good, solid cash machine. Possible exit strategy: divide property into four PINs, sell units as fee simple townhouses, which most recently command up to $200,000 in Bellwood. Plenty of on-street parking available on Jackson and Eastern. Highest and best due 4 pm Friday, March 25.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2022-07-04T19:57:55.313 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1002 Eastern Avenue Bellwood, IL 60104

  • Price: $480,000
  • Status: Active Under Contract
  • On Site: 104 Days
  • Updated: 61 min ago
  • MLS #: 11353384
8
Beds
0
Baths
0
½ Baths
N/A
Acres
1953
Built
Neighborhood:
Bellwood
County:
Cook
Area:
Bellwood
School District:
88
Property Description
Looking for an armchair investment with a generous return? Check out this four-unit, townhouse style brick building on corner lot. Generating an 8% cap rate as long-time owner passes utility expenses through to tenants. Two units recently renovated and vacant, making for easy first showing. Two occupied units are on month-to-month leases. Not much to do in terms of value-add, just a good, solid cash machine. Possible exit strategy: divide property into four PINs, sell units as fee simple townhouses, which most recently command up to $200,000 in Bellwood. Plenty of on-street parking available on Jackson and Eastern. Highest and best due 4 pm Friday, March 25.
Exterior Features

Architectural Style Row House Exterior Building Type Brick Exterior Features Porch Foundation Details Concrete Perimeter Lot Features Corner LotLevel Lot Size Less Than .25 Acre Multi Family Type 4 Flat2 Story Unit/S Parking Details None Roof Asphalt Waterfront YN No

Interior Features

Basement Partially Finished Basement Bathrooms YN No Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 8 Full Baths In Building 4 Half Baths In Building 0 Heating Natural GasForced Air Rooms Total 4

Property Features

Additional Parcels YN No Age 61-70 Years Built Before1978 YN Yes Community Features SidewalksStreet LightsStreet Paved Contingency Financing Continue To Show Yes Corporate Limits Bellwood General Information School Bus ServiceCommuter BusCommuter TrainFlood Zone Gross Income 57804 Insurance Expense 2500 Mls Actual Status Contingent Net Operating Income 39224 New Construction YN No Other Equipment Ceiling Fan(S) Ownership Fee Simple Rebuilt YN No Sewer Public SewerSewer-Storm Special Listing Conditions None Tax Annual Amount 16080.18 Tax Year 2020 Total Numberof Unitsin Building 4 Total Rental Income 4817 Township Proviso Type Two To Four Units Water Source Public Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Realty.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2022-07-04T19:57:55.313 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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