$475,000
$25K PRICE DROP

3420 Warren Ave Bellwood, IL 60104

Estimated payment $3,844/month

Total Views 7,889
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

3420 Warren Avenue, a five-unit apartment building located in the near west suburb of Bellwood. This well-maintained property has been under the same family ownership and management for over 25 years, and features a desirable unit mix of four (4) 2 bedroom/1-bathroom units and one (1) 3-bedroom/1-bathroom unit, along with five (5) surface parking spaces. With current rents 20% below market, the property offers considerable upside. 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. Property will be sold 'As-Is.'

Listing Agent

Michael Masterson

Essex 312, LLC License #475208860 Listed on: 06/25/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,067

Year Built

  • Built in 1963

Additional Features

  • 3-Story Property
  • Lot Dimensions are 40x125
  • Baseboard Heating

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $348
  • Fuel Expense $2,034
  • Insurance Expense $1,865
  • Maintenance Expense $1,500
  • Trash Expense $2,252
  • Water Sewer Expense $4,244
  • Operating Expense $32,409
  • Gross Income $68,400
  • Net Operating Income $32,571

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,067

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1963
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 475000

Utilities

  • Heat/Ventilation: Baseboard

Fee Information

  • Trash Expense: 2252
  • Water Sewer Expenses: 4244
  • Janitor Expense: 1624

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 40X125

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 32571
  • Fuel Expense: 2034
  • Insurance Expense: 1865
  • ElectricExpense: 348
  • GrossIncome: 68400
  • Maintenance Expense: 1500
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 32409
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 15067
  • Tax Year: 2023

Map

Range of Values:

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 Price Changed $475,000 -5.0% --
06/25/2025 06/25/25 For Sale $500,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12403306

Midwest Real Estate Data (MRED)