Contact us: 563.441.1776
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.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 3,580
County: Cook
Listed By:
@properties Christie's International Real Estate
630-530-0900
MRED MLS
MLS ID: 12604766
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4342 Warren Avenue, Hillside, IL 60162.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $800,000 | $800,000 | $800,000 |
| Down Payment | $160,000 | $28,000 | $200,000 |
| Monthly Mortgage Amount | $3,837 | $4,710 | $4,903 |
| Taxes | $1113 | $1113 | $1113 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $352 | $0 |
| Monthly Estimated Total | $5,183 | $6,408 | $6,248 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/06/2026. The listing information on this page last changed on 04/06/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 04/06/2026 12:16:59 AM EST) or MRED MLS (last updated Sun 04/05/2026 2:03:58 AM EST) or SCWMLS (last updated Sun 04/05/2026 11:54:41 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 04/05/2026 10:15:20 PM EST) or Cedar Rapids MLS (last updated Sun 04/05/2026 10:44:18 PM EST) or NEIRBR MLS (last updated Mon 04/06/2026 12:08:42 AM EST) or ICAAR MLS (last updated Sun 04/05/2026 11:37:31 PM EST) or ECIMLS (last updated Sun 04/05/2026 11:44:09 PM EST) or RMLSA (last updated Mon 04/06/2026 12:10:56 AM EST) or Muscatine MLS (last updated Mon 04/06/2026 12:15:24 AM EST) or No Coast MLS (last updated Mon 04/06/2026 12:14:19 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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