Description
Exceptional opportunity to own a beautifully updated legal 3-unit investment property in the heart of Bellwood. Whether you're expanding your investment portfolio or looking to owner-occupy while generating rental income, this property offers the perfect combination of immediate cash flow and long-term appreciation potential. The building has been updated with modern finishes throughout, including refreshed kitchens, updated bathrooms, contemporary lighting, fresh paint, and new flooring in select areas. Each unit offers bright, spacious living areas designed to attract quality tenants while minimizing immediate maintenance expenses. Current rental income is already impressive, with the garden apartment leased at $1,650/month, the first-floor unit leased at $2,000/month, and the second-floor unit projected to rent for approximately $2,200/month, creating a total potential rental income of $5,850 per month or over $70,000 annually. Bellwood has experienced steady rent growth in recent years, making this property an attractive opportunity for investors or homeowners seeking both immediate income and future upside.
Details
| MLS # | 12699862 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1953 |
| Days On Site | 60 |
| Listing Provided By | GMC Realty LTD | Miguel Gutierrez |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
| Acreage | 4958.00 |
Interior
| Rooms Total | 14 |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | Yes, Owned |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 15000 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Bellwood |
| Zip Code | 60104 |
| Area | Bellwood |
| Listing VS Median (in 60104) | |
Price: $499,000 low | high Med: $250,000 On site: 60 low | high Med: 104.5 | |
Market Activity 60104
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Bellwood |
| Zip Code | 60104 |
| Area | Bellwood |
| Listing VS Median (in 60104) | |
Price: $499,000 low | high Med: $250,000 On site: 60 low | high Med: 104.5 | |
