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4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
4338 WARREN Avenue
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Listed by Kris Maranda with @properties Christie�s International Real Estate 630-699-2211
$800,000

4338 WARREN Avenue

3,580 Sq.Ft. 6,080 Sq.Ft.

Description

Turnkey all-brick 12-unit multifamily investment opportunity in Hillside! 4338 & 4342 Warren Ave. Two well-maintained 6-flat buildings are being sold together, each consisting of 5 spacious two-bedroom units and 1 one-bedroom unit, offering an ideal unit mix for consistent tenant demand. The property is fully occupied and delivers strong, dependable cash flow from day one. This is truly a property of pride of ownership, meticulously maintained and thoughtfully upgraded, making it a rare turnkey investment with minimal deferred maintenance. Recent improvements include new tear-off roofs with 50-year shingles, over 100 new windows, updated electrical panels, high-efficiency boilers, newer water heaters, sump pumps, and LED lighting throughout. 10 of the 12 units have been renovated, featuring modern finishes such as luxury vinyl plank flooring, refinished hardwood floors, updated kitchens, and upgraded fixtures, appealing to today's renters and supporting continued rental growth. Exterior and site enhancements include a brand-new parking lot (2024), tuckpointed brick, new gutters and downspouts, fascia upgrades, and a secure dumpster enclosure. Additional amenities include on-site laundry with Speed Queen machines, private patio area, dedicated parking, and a monitored security camera system. Significantly reduced real estate taxes yield a much more profitable return, increasing operating income and enhancing the new owner's overall cap rate potential. Conveniently located near public transportation, parks, and local amenities, this property offers both stability and long-term appreciation potential. A rare opportunity to acquire a fully stabilized, high-performing multifamily asset that truly reflects pride of ownership, high in-place income, and future upside.

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Location

4338 WARREN Avenue, Hillside, IL 60162

Status

For Sale
Kris  Maranda

Kris Maranda

TITLE

Maranda Group | Managing Partner

Property Amenities

Area & Lot
Total area 3,580 Sq.Ft.
Lot Area 6,080 Sq.Ft.
Living area 3,580 Sq.Ft.
MLS® ID 12603897
Year Built 1962
Type Multi-Family
Status For Sale
Exterior
Stories 3
Air conditioning Window Unit(s)
Roof Composition
Finance
Sales Price $800,000
Maintenance Fee $1,500 monthly
Real Estate Tax $18,079 yearly
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Thank you for your interest in 4338 WARREN Avenue, Hillside, IL 60162. We are reviewing your request and will be in touch shortly!

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