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Multifamily

2201-2203 St Charles Rd

2201-2203 St Charles Rd, Bellwood, IL 60104

Listing Price: $535,000

Cap Rate
6.79%
Number of Units
7
GRM
6.61
Price/Unit
$76,429
Price/Gross SF
$102.88
Gross SF
5,200

Investment Overview

Marcus & Millichap is pleased to present this seven-unit apartment property, built in 1959, located at 2201-2203 Saint Charles Road in Bellwood, Illinois.

The building is comprised of six one-bedroom / one-bathroom units and one three-bedroom / one and one-half bathroom duplex, measuring, on average, 700 and 1,000 square feet, respectively. The property features a newly paved parking lot, brick construction, designated tenant storage, newer boiler and an on-site laundry facility with new machines.

This investment offers a well-maintained property with two renovated units and recent capital improvements primed for a value-add investor looking to increase overall revenue.

Investment Highlights

  • Newly Paved Parking Lot, Newer Boiler and On-Site Laundry Facility with New Machines
  • Brick Construction and Designated Tenant Storage
  • Easy Access to Interstate 290 and Route 45
  • One-Half Mile to Melrose Metra Station and Walking Distance to Saint Charles Road and 19th Avenue PACE Bus Stop
  • Nearby Dining Options include Dunkin' and Subway
  • Near Thurgood Marshall Elementary School and Roosevelt Middle School
  • Surrounded by Recreational Parks, including West Maywood Park

Exclusively Listed By

Multifamily

2201-2203 St Charles Rd

Listing Price: $535,000

Cap Rate
6.79%
Number of Units
7
GRM
6.61
Price/Unit
$76,429
Price/Gross SF
$102.88
Gross SF
5,200

Investment Highlights

  • Newly Paved Parking Lot, Newer Boiler and On-Site Laundry Facility with New Machines
  • Brick Construction and Designated Tenant Storage
  • Easy Access to Interstate 290 and Route 45
  • One-Half Mile to Melrose Metra Station and Walking Distance to Saint Charles Road and 19th Avenue PACE Bus Stop
  • Nearby Dining Options include Dunkin' and Subway
  • Near Thurgood Marshall Elementary School and Roosevelt Middle School
  • Surrounded by Recreational Parks, including West Maywood Park

Investment Overview

Marcus & Millichap is pleased to present this seven-unit apartment property, built in 1959, located at 2201-2203 Saint Charles Road in Bellwood, Illinois. The building is comprised of six one-bedroom / one-bathroom units and one three-bedroom / one and one-half bathroom duplex, measuring, on average, 700 and 1,000 square feet, respectively. The property features a newly paved parking lot, brick construction, designated tenant storage, newer boiler and an on-site laundry facility with new machines. This investment offers a well-maintained property with two renovated units and recent capital improvements primed for a value-add investor looking to increase overall revenue.

Exclusively Listed By

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