$550,000

3500 Adams St Bellwood, IL 60104

Estimated payment $4,286/month

Total Views 7,512
-- Bed
-- Bath
3,700 Sq Ft
$149 Price per Sq Ft

About This Home

Recently renovated, walkable 5-unit building located in Bellwood. Desirable unit mix of all two-bedroom units and all units have been recently renovated. Building features ample off-street parking, designated tenant storage, and an on-site laundry facility. Property is within walking distance of Pace Bus Stops, provides convenient access to Interstate 290, and is approximately one and a half miles from the Bellwood Metra Station. The area features numerous retail and dining options and is surrounded by several recreational parks. Located in a prime rental market with strong potential for value growth and cash flow. Bellwood pre-sale inspection report available upon request.

Listing Agent

Emily Habich

Marcus & Millichap Chicago Apartment Brokers License #475186663 Listed on: 07/22/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,254

Year Built

  • Built in 1960

Lot Details

  • 5,040 Sq Ft Lot

Interior Spaces

  • 3,700 Sq Ft Home
  • 2-Story Property

Utilities

  • Baseboard Heating
  • Hot Water Heating System

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $531
  • Fuel Expense $3,001
  • Insurance Expense $4,387
  • Maintenance Expense $1,500
  • Manager Expense $3,596
  • Other Expense $1,750
  • Trash Expense $2,362
  • Water Sewer Expense $2,326
  • Operating Expense $37,208
  • Gross Income $74,760
  • Net Operating Income $34,714

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,254

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1960
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required,Other-See Remarks
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Possible Use: Multi-Family
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 550000

Utilities

  • Heat/Ventilation: Hot Water,Baseboard

Condo/Co-op/Association

  • Manager Expense: 3596
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 2362
  • Water Sewer Expenses: 2326
  • Janitor Expense: 1500

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.12
  • Lot Dimensions: 5,040 SF
  • Lot Size Sq Ft: 5040
  • Zoning: MULTI
  • Alternate Phone Number: (630) 570-2235

Building Info

  • BuildingAreaTotal: 3700

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 34714
  • Fuel Expense: 3001
  • Insurance Expense: 4387
  • ElectricExpense: 531
  • GrossIncome: 74760
  • Maintenance Expense: 1500
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 37208
  • Expense Year: 2024
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 16254
  • Tax Year: 2023

Map

Range of Values:

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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
07/22/2025 07/22/25 For Sale $550,000 +119.1% $149 / Sq Ft
02/10/2017 02/10/17 Sold $251,000 -16.3% --
12/07/2016 12/07/16 Pending -- -- --
08/15/2016 08/15/16 For Sale $299,900 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12422843

Midwest Real Estate Data (MRED)