Bellwood, IL 60104,1002 Eastern AVE
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Bellwood, IL 60104,1002 Eastern AVE
Bellwood, IL 60104,1002 Eastern AVE
Bellwood, IL 60104,1002 Eastern AVE
Bellwood, IL 60104,1002 Eastern AVE

$455,000

Est. payment /mo

$480,000

5.2%
Est.Price: ?

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1002 Eastern AVE Bellwood, IL 60104

8 Beds

4 Baths

SOLD DATE : 07/08/2022

Key Details

Sold Price $455,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11353384

Sold Date 07/08/22

Style Row House

Bedrooms 8

Year Built 1953

Annual Tax Amount $16,080

Tax Year 2020

Lot Dimensions 119.4 X 59

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.

Location

State IL

County Cook

Area Bellwood

Zoning MULTI

Rooms

Basement Full

Interior

Heating Natural Gas, Forced Air

Equipment Ceiling Fan(s)

Fireplace N

Exterior

Exterior Feature Porch

Community Features Sidewalks, Street Lights, Street Paved

Roof Type Asphalt

Building

Lot Description Corner Lot, Level

Sewer Public Sewer, Sewer-Storm

Water Public

New Construction false

Schools

School District 88 , 88, 209

Others

Ownership Fee Simple

Special Listing Condition None

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Midwest Real Estate Data (MRED) IDX
Listed by Mark Ruda • Coldwell Banker Realty
Bought with Angela Walker • Angela Walker Homes Real Estate Group

Gisela Attlan

Real Estate Advisor | License ID: 475180654

+1(312) 804-0112

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