Thomas Wolfe
Responds Quickly
RE/MAX Premier
(224) 231-5375
69 Total Sales
1 in Hillside
$241,000 Price
4338 Warren Ave Hillside, IL 60162
Hillside Area
--
Bed
--
Bath
3,580
Sq Ft
6,080
Sq Ft Lot
About This Home
As of May 2026Turnkey all-brick 12-unit multifamily investment opportunity in Hillside! Offered as a portfolio, 4338 & 4342 Warren Ave consists of two well-maintained 6-flat buildings, each featuring an ideal unit mix of five spacious 2-bedroom units and one 1-bedroom unit, supporting strong and consistent tenant demand. The property is fully occupied and delivers dependable in-place cash flow from day one. This is truly a pride-of-ownership asset, meticulously maintained and thoughtfully improved, making it a rare turnkey opportunity with minimally deferred maintenance. Major capital improvements include new tear-off roofs with 50-year shingles, over 100 new windows, updated electrical panels, high-efficiency boilers, newer water heaters, sump pumps, and LED lighting throughout. 10 of the 12 units have been renovated with attractive modern finishes, including luxury vinyl plank flooring, refinished hardwood floors, updated kitchens, and upgraded fixtures. Exterior improvements include a brand-new parking lot (2024), tuckpointed brick, new gutters and downspouts, fascia upgrades, and a secure dumpster enclosure. Additional amenities include on-site laundry with Speed Queen machines, dedicated parking, private patio area, monitored security camera system, and convenient access to public transportation, parks, and local amenities. Significantly reduced real estate taxes further enhance the property's return and overall cap rate potential. This is a rare chance to acquire a fully stabilized, high-performing multifamily portfolio asset with strong current income, pride of ownership, and long-term upside. Seller prefers to sell 4338 & 4342 Warren Ave together as a portfolio. MLS ID 12604766
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475128964 Listed on: 03/30/2026
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,079
Year Built
- Built in 1962
Lot Details
- 6,080 Sq Ft Lot
Parking
- 6 to 12 Parking Spaces
Home Design
- Brick Exterior Construction
- Pitched Roof
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,580 Sq Ft Home
- 3-Story Property
- Fire Suppression System
Utilities
- Window Unit Cooling System
- Central Heating
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for water, hot water
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $732
- Fuel Expense $2,976
- Insurance Expense $3,800
- Maintenance Expense $1,500
- Other Expense $1,600
- Trash Expense $700
- Water Sewer Expense $2,600
- Operating Expense $32,287
- Gross Income $96,000
- Net Operating Income $63,713
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 30, 2026
Closed on
May 14, 2026
Sold by
Bought by
Seller's Agent
Kris Maranda
@properties Christie's International Real Estate
Buyer's Agent
Bane Simic
Pivot Properties Inc
List Price
$800,000
Sold Price
$800,000
Views
69
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,560,000
Outstanding Balance
$2,523,590
Interest Rate
6.3%
Mortgage Type
Credit Line Revolving
Purchase Details
Listed on
Dec 18, 2018
Closed on
Apr 30, 2019
Sold by
Bought by
Seller's Agent
Patrick Jage
Sterling Realty & Prop Mgt LLC
Buyer's Agent
Simon Kowalski
Castle Realty Plus
List Price
$495,000
Sold Price
$480,000
Premium/Discount to List
-$15,000
-3.03%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.51%
Original Mortgage
$937,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Oct 2, 2012
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
3.66%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 28, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$623,000
Interest Rate
5.62%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Hillside, IL
-
Thomas Wolfe
-
Tamika Bishop
Tamika Bishop
Coldwell Banker Realty
(224) 479-1963
62 Total Sales
2 in Hillside
$205K - $370K Price Range
-
Jertheus Butts
Jertheus Butts
Coldwell Banker Realty
(833) 569-4890
52 Total Sales
1 in Hillside
$300,000 Price
-
Shanara Carter
Shanara Carter
eXp Realty
(877) 850-0972
112 Total Sales
1 in Hillside
$330,000 Price
-
Karina Barrera
Karina Barrera
Realty of America, LLC
(844) 517-0338
53 Total Sales
1 in Hillside
$260,000 Price
-
Joseph Deardurff
Joseph Deardurff
Keller Williams ONEChicago
(630) 864-6422
78 Total Sales
1 in Hillside
$232,900 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,600,000 | Chicago Title Insurance Compan | |
| Warranty Deed | $960,000 | Old Republic Title | |
| Warranty Deed | $665,000 | None Available | |
| Warranty Deed | $389,000 | Fatic |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,560,000 | Credit Line Revolving | |
| Previous Owner | $937,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $532,000 | Commercial | |
| Closed | $623,000 | Commercial |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/15/2026 05/15/26 | Sold | $800,000 | 0.0% | $223 / Sq Ft | |
| 04/09/2026 04/09/26 | Pending | -- | -- | -- | |
| 03/30/2026 03/30/26 | For Sale | $800,000 | +66.7% | $223 / Sq Ft | |
| 04/30/2019 04/30/19 | Sold | $480,000 | -3.0% | -- | View Prior Sale |
| 02/26/2019 02/26/19 | Pending | -- | -- | -- | |
| 12/18/2018 12/18/18 | For Sale | $495,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $17,388 | $17,126 | $2,174 | $14,952 |
| 2024 | $17,388 | $42,137 | $3,344 | $38,793 |
| 2023 | $13,493 | $42,137 | $3,344 | $38,793 |
| 2022 | $13,493 | $28,808 | $2,888 | $25,920 |
| 2021 | $13,218 | $28,807 | $2,888 | $25,919 |
| 2020 | $13,801 | $31,170 | $2,888 | $28,282 |
| 2019 | $13,341 | $27,966 | $2,584 | $25,382 |
| 2018 | $12,914 | $27,966 | $2,584 | $25,382 |
| 2017 | $13,118 | $29,945 | $2,584 | $27,361 |
| 2016 | $10,322 | $23,116 | $2,280 | $20,836 |
| 2015 | $9,907 | $23,116 | $2,280 | $20,836 |
| 2014 | $11,031 | $26,194 | $2,280 | $23,914 |
| 2013 | $10,438 | $27,293 | $2,280 | $25,013 |
Source: Public Records
Agents Affiliated with this Home
-
Kris Maranda
Seller's Agent in 2026
Kris Maranda
@ Properties
(630) 699-2211
230 Total Sales
-
Bane Simic
Buyer's Agent in 2026
Bane Simic
Pivot Properties Inc
(847) 293-4626
21 Total Sales
-
P
Seller's Agent in 2019
Patrick Jage
Sterling Realty & Prop Mgt LLC
-
Simon Kowalski
S
Buyer's Agent in 2019
Simon Kowalski
Castle Realty Plus
(630) 205-6966
5 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12603897
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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 IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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