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Blue Island,IL 60406
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12342575
Maintenance Fees $6,500
Year Built 1969
Annual Tax Amount $20,129
Tax Year 2023
Lot Size 8,276 Sqft
Property Sub-Type Multi Family 5+
Property Description
Your next Turnkey 6-Unit Multifamily inestment in Blue Island! This solid, all-brick 6-unit building is an exceptional investment opportunity located in a highly sought-after area of Blue Island. The property features five spacious 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. Five of the six units are currently occupied, offering immediate income, with one vacant unit ready to lease at market rent. Recent improvements include three remodeled units since 2024 and an updated boiler system installed in 2020, ensuring reliable heating. Tenants are responsible for their own cooking gas and electric, helping to keep owner expenses low. Long-term tenants are already in place, and current rents are below market, making this a strong value-add opportunity for future rent growth. Additional features include a coin-operated laundry area for extra income, assigned off-street parking, and a well-maintained common entry. Conveniently located near Metra, Pace bus lines, I-57, schools, and shopping, this commuter-friendly property is in a high-demand rental corridor. Expenese sheet and rent roll availble upon request. Schedule your private tour today.
Location
State IL
County Cook
Area Blue Island
Zoning MULTI
Interior
Cooling Wall Sleeve
Building
Dwelling Type Multi Family 5+
Structure Type Brick,Concrete