$455,000
$480,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
1002 Eastern AVE Bellwood, IL 60104
8 Beds
4 Baths
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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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Angela Walker • Angela Walker Homes Real Estate Group
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