Essex Realty Group, LLC has been exclusively engaged to market for sale 3420 Warren Avenue, a five-unit apartment building located in the near west suburb of Bellwood. This well-maintained property has been under the same family ownership and management for over 25 years, and features a desirable unit mix of four (4) 2-bedroom/1-bathroom units and one (1) 3-bedroom/1-bathroom unit, along with five (5) surface parking spaces.

With current rents 20% below market, the property offers considerable 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.

The seller has 18 additional units in 3 neighboring properties available for sale. For more information, please contact your Essex Broker.

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.

• Desirable Unit Mix: Four (4) 2Bd/1Ba & One (1) 3Bd/1Ba
• Well-Maintained and Managed: Same Owner for 25 Years
• Significant Rental Upside: 20% As-Is
• Value-Add Opportunity: 35%+ Rental Increases with Cosmetic Upgrades
• Eighteen (18) Additional Units Available in Three (3) Neighboring Properties: Contact Your Essex Broker for More Information