1002 Eastern Avenue, Bellwood, Illinois 60104
$455,000
Sold
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Status: | Closed |
Sqft: | 0 |
Cost/Sqft: | — |
Beds: | 8 |
Baths: | 0 |
Year Built: | 1953 |
Property Taxes: | $16,080 |
Days On Market: | 1280 |
Lot Size: | 0,00 |
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.
Property Specifics
Multi-unit | |
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1953 | |
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No | |
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Cook | |
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11353384 | |
15161200550000 |
Property History
DATE: | EVENT: | PRICE: | SOURCE: |
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8 Jul, 2022 | Sold | $455,000 | MRED MLS |
25 Mar, 2022 | Under contract | $480,000 | MRED MLS |
21 Mar, 2022 | Listed for sale | $480,000 | MRED MLS |











Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
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Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: Partially Finished
Other Specifics
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119.4 X 59 | |
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Not in DB | |
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Tax History
Year | Property Taxes |
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2022 | $16,080 |
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Listing Provided By
Coldwell Banker Realty