1. Home
  2. > Search
  3. > Homes for Sale in Blue Island
  4. > 2247 W 119th Street, Blue Island, IL 60406
$475,000

2247 W 119th Street
Blue Island, Illinois 60406

Closed / MLS #11327545 / Multiple Family / Blue Island
Listing information updated 4/5/2022 at 11:03am
Investors Dream! 100% occupied multi-family investment located in Blue Island, IL. Flexicore constructed two-story California-Style walk-up with brick exterior comprised of 8 spacious apartments. Each unit consists of 1 bedroom, 1 bathroom, living room, dinig area and kitchen. Flexicore construction offering reasonably sound proof units, high durability, longevity and low maintenance. Most units recently rehabbed with new foors, paint and mechanicals. Partial basement offers tenant storage and coin-operated washer and dryer. Mechanicals updated include boiler and water heater. Investment has historically operated with near 100% occupancy. Blue Island is a great rental market offering close proximity to rail transit, commuter bus, and highways. Blue Island is a wonderful historical community offering a wide variety of cultural experiences. Property is located across from Chicago's Morgan Park/Beverly Hills community offering restaurants, grocery, retail, arts center, sports complex, and all of todays conveniences. Located blocks from Chicago Metra's Rock Island Rail Line. Investment offers value add opportunity by adjusting rents to market rents. Proforma cap rate near 12% with current rent cap rate approximately 9%. Investors will love the stable income, many improvements, and opportunity to add value. Current NOI totaling $41,078 and Proforma NOI estimated at $54,000. ***MULTIPLE OFFERS. FINAL AND BEST OFFERS TO BE SUBMITTED BY SUNDAY FEBRUARY 27 AT 2PM. FINAL SHOWINGS BY SUNDAY FEBRUARY 27 A 11 AM. OFFERS TO BE SUBMMITED ON THE C.A.R. :Multi-Family & Investment Purchase and Sale Contract"***
Exterior Type:
Brick
Basement:
Other
Water Front:
No
Square Feet:
N/A
Acreage:
0.08
Built:
1970
Parking Spaces:
6
Cooling System:
Wall Sleeve
Stories:
2
Roof:
Composition
Current Use:
Multi-Family
Zoning:
MULTI
Current Net Income:
$41,078
Unit 1:
3 room(s) / 1 bed(s) / 1 bath(s)
Tax Amount:
$15,094
Tax Year:
2020
Zip Code:
60406
City:
Blue Island
County:
Cook

Listing Office: First In Realty Executives Inc

Listing Office Phone: 773.779.3473

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 4/5/2022 at 11:03am. 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. Some listings have been excluded from this website.

Metra

Metra
Rock Island District line at 119th St Metra
$226,819
Average Sale Price
78
Average Days On The Market
95%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 2247 W 119th Street, Blue Island, IL 60406
Mortgage Calculator

Not quite what you are looking for?

Similar listings for sale near 2247 W 119th Street, Blue Island, IL 60406

Like the area?

More homes for sale near 2247 W 119th Street, Blue Island, IL 60406

New Listings in Blue Island, IL

Recently Sold Homes in Blue Island, IL

Nearby Homes for Sale

2247 W 119th Street, Blue Island, IL 60406 is a multiple family which sold for $475,000. This multiple family has been listed on @properties Christie's International Real Estate since February 16th, 2022 and was built in 1970. The nearest transit stops include 119th St Metra Metra Rock Island District line.

Mortgage Calculator
@properties Christie’s International Real Estate, the @properties Christie’s International Real Estate’s logo, and other various trademarks, logos, designs, and slogans herein are the registered and unregistered trademarks of At World Properties, LLC d/b/a @properties Christie’s International Real Estate.
Because At World Properties, LLC d/b/a @properties Christie’s International Real Estate and/or its owners have an interest in Proper Title, LLC, OriginPoint, A Rate Company, Christie’s International Real Estate, LLC, and Suburban Jungle, LLC, a referral to any of these entities may provide @properties Christie’s International Real Estate with a financial or other benefit. Working with @properties does not require you to use the services of any of these entities.
At World Properties, LLC and its subsidiaries do not discriminate against the use of Housing Choice Vouchers. Se Aceptan Vales de Elección de Vivienda.
Christie’s International Real Estate home
Luxury Portfolio International
Leading Real Estate Companies of the World
Proper Title
OriginPoint
Facebook
X (Twitter)
Instagram
YouTube