535 24Th AveBellwood, IL 60104

Property Details for 535 24Th Ave

Year built

1922

Construction

FRAME

Lot size

0.11 AC

Property size (Sq ft)

1,920 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

15-10-309-009

APU

1510309009

Description

This exceptional investment opportunity presents a seven-unit multifamily building located at 535 24th Avenue in Bellwood, Illinois. Priced at $395,000, this property offers a compelling return on investment due to its current occupancy by long-term tenants, ensuring a stable income stream. The building itself is characterized by its well-maintained systems and solid structural integrity, providing a strong foundation for continued profitability. Each of the seven units features a thoughtfully designed layout, maximizing space and tenant comfort. The property sits on a 0-acre lot. While currently generating consistent cash flow, the building also presents opportunities for value-add improvements, allowing for future upside potential. This makes it an ideal acquisition for both seasoned investors looking to expand their portfolio and first-time multifamily investors seeking a stable, income-producing asset in a desirable location. The property is being sold "As-Is," and the buyer will assume responsibility for the Village Inspection Report. This is a rare chance to acquire a well-maintained, income-generating property with excellent tenant retention in the heart of Bellwood. Don't miss this chance to secure a valuable addition to your investment holdings.

• CAP approach

  CAP return

  Valuation

  6%

  $716,660

  6.5%

  $661,532

  7%

  $614,280

• Comparable approach

  Method

  Valuation

  Relative Method

  $387,624

  Geo Method

  $387,624

• Alternative Use

  Use

  Valuation

  Residential

  $661,532

  Hospitality

  $605,960

  Educational

  $504,152

  Medical

  $521,490

  Retail

  $784,236

Location Insight

City

Bellwood

County

Cook

State

Illinois

Latitude

41.8825

Longitude

-87.8621

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].