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4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
4342 WARREN Avenue
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Listed by Kris Maranda with @properties Christie's International Real Estate 630-699-2211
$800,000

4342 WARREN Avenue

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

Description

Turnkey all-brick 12-unit multifamily investment opportunity in Hillside! Offered as a portfolio, 4338 & 4342 Warren Ave consists of two well-maintained 6-flat buildings, each featuring an ideal unit mix of five spacious 2-bedroom units and one 1-bedroom unit, supporting strong and consistent tenant demand. The property is fully occupied and delivers dependable in-place cash flow from day one. This is truly a pride-of-ownership asset, meticulously maintained and thoughtfully improved, making it a rare turnkey opportunity with minimally deferred maintenance. Major capital 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 with attractive modern finishes, including luxury vinyl plank flooring, refinished hardwood floors, updated kitchens, and upgraded fixtures. Exterior improvements 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, dedicated parking, private patio area, monitored security camera system, and convenient access to public transportation, parks, and local amenities. Significantly reduced real estate taxes further enhance the property's return and overall cap rate potential. This is a rare chance to acquire a fully stabilized, high-performing multifamily portfolio asset with strong current income, pride of ownership, and long-term upside. Seller prefers to sell 4338 & 4342 Warren Ave together as a portfolio. MLS ID 12603897

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Location

4342 WARREN Avenue, Hillside, IL 60162

Status

Active Under Contract
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 12604766
Year Built 1962
Type Multi-Family
Status Active Under Contract
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 4342 WARREN Avenue, Hillside, IL 60162. We are reviewing your request and will be in touch shortly!

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