- For Sale $475,000
- Property Type Multi-Family
- Property Size 4,100 SF
- Units 5
- Lot Size 0.1 Acre
- Building Class C
- Date Updated Jun 17, 2026
Description
Bellwood is a small suburban village located approximately 13 miles west of downtown Chicago in Cook County, Illinois. It is bordered by several neighboring suburbs, including Stone Park/Melrose Park to the north, Hillside/Berkley to the west, and Broadview to the south. The village offers convenient access to major transportation routes, including the Eisenhower Expressway (I-290) and is served by the Metra commuter rail, with the Bellwood station providing a direct connection to Chicago's downtown. Bellwood’s location allows for a balance of suburban living with easy access to the city's amenities.Essex 312, LLC has been exclusively engaged to market for sale 3420 Warren Avenue, a five-unit apartment building in the near west suburb of Bellwood. This well-maintained property has been under the same family ownership for over 25 years and features four (4) 2-bedroom/1-bathroom units and one (1) 3-bedroom/1-
bathroom unit with five (5) surface parking spaces.
With current rents approximately 15% below market, the property offers immediate upside as-is. A new owner will also have the opportunity to make cosmetic upgrades and achieve further rental increases. 3420 Warren Ave. sits in a quiet pocket of Bellwood overlooking the Illinois Prairie Path while offering convenient
access to the Eisenhower Expressway (I-290) and O'Hare International Airport.
Highlights
- Desirable Unit Mix: Four (4) 2Bd/1Ba & One (1) 3Bd/1Ba
- Significant Rental Upside: 15%+ As-Is
- Value-Add Opportunity: 35%+ Rental Increases with Cosmetic Upgrades
- Well-Maintained and Managed: Same Owner for 25 Years
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Contacts
Quinn Evans
Essex Three-Twelve
Location
Contact Listing Broker
Quinn Evans
Essex Three-Twelve