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$499,000
Est. payment /mo
8 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12699862
Bedrooms 8
Year Built 1953
Annual Tax Amount $15,000
Tax Year 2025
Lot Dimensions 4958
Property Sub-Type Two to Four Units
Property 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 gross 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.
Location
State IL
County Cook
Area Bellwood
Rooms
Basement Finished, Partial
Interior
Heating Natural Gas
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan, Public
Structure Type Brick
New Construction false
Schools
School District 88 , 88, 209
Others
Ownership Fee Simple
Special Listing Condition None
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© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Miguel Gutierrez of GMC Realty LTD
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