Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Well-Maintained Two-Unit with Finished Basement Title is generated by Realmo AI

    3513 Jackson Street, Bellwood, IL 60104

    View on Map
    Claim this Listing
    Pending
    $365,000

    MULTI_FAMILY - Bellwood, IL

    Lot size:
    0.10 Acres
    Added:
    Jan 3, 2026
    Days on Market:
    145
    Last Refresh:
    May 28 at 12:06 am

    Property Features for 3513 Jackson Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    MULTI
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 2, Bedroom 3, Bathroom 3, Basement, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 1
    Parking
    2
    Parking features
    Garage
    Patio and Porch features
    Patio
    Fencing
    Fenced
    Basement
    Finished, Full
    Standard status
    Pending
    APN
    15161120270000
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    9790

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas

    Building Details

    Year built
    1950
    Building materials
    Brick
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Yvette Phipps

    Listing agent Yvette Phipps License #475133509

    Listing office Infiniti Properties, Inc. 2401 W. 183rd St., Homewood, IL

    Listing date Jan 3, 2026

    MLS# 12541010 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two updated units, each with 2 bedrooms and 1 bath, offering immediate rental income potential or multi‑generational living.
    • Finished basement provides additional living space and includes a half bath.
    • Recent updates include kitchens, baths, flooring, interior paint, and a newer furnace.
    • Large, fenced‑in yard with patio is ideal for outdoor enjoyment and entertaining.
    • Brick construction offers durability and classic appeal.
    • Garage parking available.

    Overview

    This well-maintained two-unit property presents an opportunity for ownership. Updates over the past several years include kitchens and baths, flooring, and interior paint. A newer furnace has also been installed. Each unit features 2 bedrooms, 1 bath, combined living and dining rooms, and spacious kitchens equipped with ample counter and cabinet space. The basement is finished and includes a half bath. The exterior features a large fenced-in yard with a patio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bellwood
    County
    Cook
    State
    Illinois
    Longitude
    -87.876364
    Latitude
    41.874635

    Nearby Similar for Sale

    • $350,000

      Well-Maintained Duplex in Bellwood, IL

      Duplex with strong rental potential, recent improvements, and income opportunities.
      3317 Jackson Street, Bellwood, IL 60104
      View Details
    • $175,000
      1,730 SF

      Renovated Commercial Building on Mannheim

      Turn-key industrial/commercial property with showroom, workshop, and drive-in access.
      837 Mannheim Road Bellwood, IL 60104
      View Details
    • $475,000
      5,000 SF

      Bellwood Multifamily Investment Opportunity

      Well-maintained 5-unit building in revitalizing Bellwood area.
      3420 Warren Avenue, Bellwood, IL 60104
      View Details
    • $490,000
      6,000 SF

      Bellwood Multifamily Investment Opportunity

      Multifamily property in Bellwood, IL, ideal for investment.
      1013 Bellwood Avenue, Bellwood, IL 60104
      View Details
    • $975,000
      8,000 SF

      Bellwood Warehouse with Drive-In Doors

      8,000 SF warehouse on .53 acres with 11 drive-in doors.
      2209 Railroad Ave, Bellwood, IL 60104
      View Details
    • $875,000

      Freestanding Retail in Bellwood

      Freestanding retail on Mannheim Rd, 15 minutes from Chicago.
      398 Mannheim Rd, Bellwood, IL 60104
      View Details

    FAQs

    What type of property is this?
    Duplex - Updated two-unit property with finished basement and fenced yard.
    Where is this duplex located?
    The property is located at 3513 Jackson Street Bellwood, IL.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: Two updated units, each with 2 bedrooms and 1 bath, offering immediate rental income potential or multi‑generational living.; Finished basement provides additional living space and includes a half bath.; Recent updates include kitchens, baths, flooring, interior paint, and a newer furnace.
    (708) 206-3000
    We can help!
    Listing Contact
    Yvette Phipps
    Real Estate License ID: 475133509
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3513 Jackson Street, Bellwood, IL 60104
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!