Essex Realty Group, LLC is pleased to market for sale a portfolio of four multi-family properties in the near west suburb of Bellwood. The portfolio consists of twenty-three units all located within close proximity (3 minute drive). This well-maintained portfolio has been under the same family ownership and management for 25-40 years, and features a desirable unit mix of nineteen (19) 2-bedroom/1-bathroom, three (3) 1-bedroom/1-bathroom, and one (1) 3-bedroom/1-bathroom units, along with twenty-three (23) surface parking spaces.

With current rents 20% below market, the properties offer considerable upside ‘as-is.’ A new owner will also have the opportunity to add value by making cosmetic upgrades to achieve further rental increases. The portfolio is conveniently located with easy access to the Eisenhower Expressway (I-290) and O’Hare International Airport.

PROPERTIES ARE AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO.

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: Nineteen (19) 2Bd/1Ba, Three (3) 1Bd/1Ba, & One (1) 3Bd/1Ba
• Well-Maintained and Managed: Same Owner for 25-40 Years
• Significant Rental Upside: 20% As-Is
• Value-Add Opportunity: 35%+ Rental Increases with Cosmetic Upgrades
• Fully Occupied with Average Tenure of Ten Years