Katelyn Cooper
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
Exceptional opportunity to own a beautifully updated legal 3-unit investment property in the heart of Bellwood. Whether you're expanding your investment portfolio or looking to owner-occupy while generating rental income, this property offers the perfect combination of immediate cash flow and long-term appreciation potential. The building has been updated with modern finishes throughout, including refreshed kitchens, updated bathrooms, contemporary lighting, fresh paint, and new flooring in select areas. Each unit offers bright, spacious living areas designed to attract quality tenants while minimizing immediate maintenance expenses. Current rental income is already impressive, with the garden apartment leased at $1,650/month, the first-floor unit leased at $2,000/month, and the second-floor unit projected to rent for approximately $2,200/month, creating a total potential gross rental income of $5,850 per month or over $70,000 annually. Bellwood has experienced steady rent growth in recent years, making this property an attractive opportunity for investors or homeowners seeking both immediate income and future upside.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 8
Bathrooms: 3
County: Cook
Listed By:
GMC Realty LTD
630-994-3200
MRED MLS
MLS ID: 12699862
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525 25th Avenue , Bellwood, IL 60104.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $499,000 | $499,000 | $499,000 |
| Down Payment | $99,800 | $17,465 | $124,750 |
| Monthly Mortgage Amount | $2,458 | $2,977 | $3,108 |
| Taxes | $694 | $694 | $694 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $220 | $0 |
| Monthly Estimated Total | $3,298 | $4,037 | $3,948 |
Katelyn Cooper
REALTOR®
Cell: (563) 449-6075
Licensed in IL & IA
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
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