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Multifamily

3201 St Charles Rd

3201 St Charles Rd, Bellwood, IL 60104

Listing Price: $1,450,000

Cap Rate
6.63%
Number of Units
13
Occupancy
95.0%
Price/Unit
$111,538
Price/Gross SF
$139.42
Gross SF
10,400

Investment Overview

Marcus & Millichap is pleased to present a 13-unit apartment property located at 3201 St. Charles Road in Bellwood, Illinois. Bellwood is located approximately 15 miles to the Chicago Loop. The subject property is conveniently located less than one mile to the Berkeley Metra station (UP-W) and near Interstate 290, Interstate 294, and Interstate 88 allowing easy access to the City of Chicago and O’Hare International Airport. The subject property consists of 13 three-bedroom / one and one-half-bathroom units (approximately 800 square feet). Each unit features upgraded kitchens and bathrooms, newer flooring, and new fixtures throughout. Capital improvements include newer mechanicals throughout the building and a newer parking lot with approximately 27 surface parking spaces and three garage spaces. The property also features a coin-operated laundry facility. Here, a new investor has the opportunity to acquire a well-located, renovated apartment property with upside in rent.

Investment Highlights

  • All Three-Bedroom Units
  • Renovated Units
  • Recent Capital Improvements
  • On-Site Parking Lot and Laundry Facility
  • Close to Major Highways

Exclusively Listed By

  • Eric P. Bell

    Executive Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

  • Jordan Callaway

    First Vice President Investments

    (630) 570-2156

    Email Jordan

    License(s): KY: 71434, IL: 471.020981

    Chicago Oak Brook

Multifamily

3201 St Charles Rd

Listing Price: $1,450,000

Cap Rate
6.63%
Number of Units
13
Occupancy
95.0%
Price/Unit
$111,538
Price/Gross SF
$139.42
Gross SF
10,400

Investment Highlights

  • All Three-Bedroom Units
  • Renovated Units
  • Recent Capital Improvements
  • On-Site Parking Lot and Laundry Facility
  • Close to Major Highways

Investment Overview

Marcus & Millichap is pleased to present a 13-unit apartment property located at 3201 St. Charles Road in Bellwood, Illinois. Bellwood is located approximately 15 miles to the Chicago Loop. The subject property is conveniently located less than one mile to the Berkeley Metra station (UP-W) and near Interstate 290, Interstate 294, and Interstate 88 allowing easy access to the City of Chicago and O’Hare International Airport. The subject property consists of 13 three-bedroom / one and one-half-bathroom units (approximately 800 square feet). Each unit features upgraded kitchens and bathrooms, newer flooring, and new fixtures throughout. Capital improvements include newer mechanicals throughout the building and a newer parking lot with approximately 27 surface parking spaces and three garage spaces. The property also features a coin-operated laundry facility. Here, a new investor has the opportunity to acquire a well-located, renovated apartment property with upside in rent.

Exclusively Listed By

  • Eric P. Bell

    Executive Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

  • Jordan Callaway

    First Vice President Investments

    (630) 570-2156

    Email Jordan

    License(s): KY: 71434, IL: 471.020981

    Chicago Oak Brook

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