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$344,000
8
beds
4
baths

2121 Canal Street
Blue Island, Illinois 60406

Closed / MLS #11766826 / Multiple Unit (2-4) / Blue Island
Listing information updated 7/17/2023 at 9:43am
"As-Is" Sale. Brookline Real Estate is proud to present the multifamily asset at 2121 Canal Street in Blue Island, IL. The property consists of four apartments. All units are two-bedroom/one-bath. The property is leased to a mix of new and longer-term tenants. 2121 Canal Street will effectively provide an investor with a stabilized asset featuring four tenants. Multiple units have been renovated, and additional value can be added through updating the remaining units to collect higher rents. The property sits on a quiet residential block near Lincoln Elementary School. The building is located across the Little Calumet River from downtown Blue Island and the Olde Western Avenue Historic District featuring several retail shops and restaurants. 2121 Canal Street is located three blocks from the Blue Island Metra station and is in close proximity to the Western Avenue Pace bus stop. This asset is being offered at a 7.30% CAP rate with tremendous cash flow and future upside.
Exterior Type:
Brick
Basement:
None
Beds Above Grade:
8
Heating System:
Natural Gas
Pool:
No
Age:
51-60 Years
Parking Type:
None
Room Count:
20
Water Front:
No
Square Feet:
N/A
Lot Size:
Less Than .25 Acre
Tax Amount:
$8,226
Tax Year:
2021
Zip Code:
60406
City:
Blue Island
County:
Cook
School District(s):
218
Elementary School:
N/A
Middle School:
N/A
High School:
N/A

Listing Office: Brookline Real Estate LLC

Listing Office Phone: 630.590.5910

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 7/17/2023 at 9:43am. 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
Metra Electric Blue Island Branch line at Blue Island
Metra
Rock Island District line at Blue Island-Vermont Metra
$214,160
Average Sale Price
77
Average Days On The Market
96%
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 2121 Canal Street, Blue Island, IL 60406
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2121 Canal Street, Blue Island, IL 60406 is a multiple unit (2-4) which sold for $344,000. 2121 Canal Street features 8 Beds, 4 Baths. This multiple unit (2-4) has been listed on @properties Christie's International Real Estate since April 24th, 2023 and was built in 1963. The nearest transit stops include Blue Island-Vermont Metra Metra Rock Island District line.

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