Sold for $455,000 on 7/08/22
| Beds |
Baths |
Built |
Sq.Ft. |
Garage |
Taxes |
On Market |
| 8 |
— |
1953 |
— |
0 |
$16,080 |
1206 days |
Looking for an armchair investment with a generous return? Check out this four-unit, townhouse style brick building on corner lot. Generating an 8% cap rate as long-time owner passes utility expenses through to tenants. Two units recently renovated and vacant, making for easy first showing. Two occupied units are on month-to-month leases. Not much to do in terms of value-add, just a good, solid cash machine. Possible exit strategy: divide property into four PINs, sell units as fee simple townhouses, which most recently command up to $200,000 in Bellwood. Plenty of on-street parking available on Jackson and Eastern. Highest and best due 4 pm Friday, March 25.
Listing courtesy of Coldwell Banker Realty
1002 Eastern Ave. is a multi-unit home built in 1953, and is located in Bellwood, IL. It has 8 bedrooms and — bathrooms, and has annual property taxes of $16,080.
Marco Amidei
(888) 32-Marco (847) 630-4886
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