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Listed by Kyle Altenburg • Hanley Realty, Inc.
$329,000
Est. payment /mo
6 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12439874
Bedrooms 6
Year Built 1958
Annual Tax Amount $2,688
Tax Year 2023
Lot Dimensions 7875
Property Sub-Type Two to Four Units
Property Description
Tremendous opportunity to take over this beautiful, solid brick 3-flat in the Historic and BOOMING City of Blue Island. Perfect for owner-occupied buyers, landlords, or flippers. Fantastic asking price with a ton of upside! Roof is only 7 years old but does have a new leak that needs repair. Apartment 1 has been recently renovated. Apartment 2 (the vacant unit) is ready for a refresh and have a new tenant with updated market rents added! Apartment 3 and the basement are updated. All rents are currently below market and could be raised significantly. Being sold as-is. Property Details: Apartment 1 (Main Floor): 3 bedrooms, 1.5 bathrooms - $1,850/month (occupied) Apartment 2 (Upstairs): 2 bedrooms, 1 bathroom - $1,400/month potential (vacant; needs full renovation) Apartment 3 (Upstairs): 1 bedroom, 1 bathroom - $1200/month potential (occupied) - currently pays $900 Full basement Garage: 1.5 car attached (potential $200/month rental) Laundry: Coin-operated machines ($100/month additional income) Tenant Storage Room/Closets: Included Liens/Mortgage: None - clean title Sale Terms: Sold as-is. Cash offers preferred for a quick sale. Income Potential: $4,750/month (Includes $100 laundry income + $200 garage rental) Owner occupied/landlord consultations available.
Location
State IL
County Cook
Community Park, Tennis Court(S), Curbs, Sidewalks, Street Lights, Street Paved
Zoning MULTI
Rooms
Basement Partially Finished, Full
Interior
Heating Steam, Baseboard
Fireplace N
Exterior
Garage Spaces 1.5
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 130, 130, 218
Others
Ownership Fee Simple
Special Listing Condition None
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