3420 Warren Ave Bellwood, IL 60104
Estimated payment $3,844/month
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.'
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
Map
Home Values in the Area
Average Home Value in this Area
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)
MLS Number: 12403306

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