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Commercial > Multi-family / Apartments
Active
07/25/2024
List Price
$520,000

12438 Fairview Ave
Blue Island, IL 60406

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  • 12438 Fairview Ave, Blue Island, IL 60406 is a 6 bed, 4 bath, 3,276 ft² multi-family/apartments property built in 1962 on a 0.145 acre lot. This multi-family/apartments is currently listed for $520,000, and it was last sold in 2022 for $450,000.

    MLS Description

    The listing agent's description. Original Listing

    Discover a lucrative investment (9.73% Cap Rate) with this fully occupied 6-unit building, perfect for investors looking for reliable cash flow and potential for long-term appreciation. The property includes five (5) two-bedroom/one-bathroom units and one (1) one-bedroom/one-bathroom unit. Currently, it generates $6,380 in monthly rental income. 3 units in the building are currently priced below market rates, highlighting substantial future rent increase potential as tenants change. Recent renovations have significantly enhanced the property, including unit upgrades, freshly painted common areas, upgrade to the roof, and other capital expenditures, ensuring reduced maintenance costs and enhanced property value.This investment allows you to start earning immediately. Furthermore, this property is available for purchase along with 12930 Page Court in Blue Island, presenting an even greater investment opportunity.

    Listing Agents

    The listing agent for 12438 Fairview Ave is Michael Scanlon.

    Current Ownership

    Information about the current owner(s).

    Property History

    12438 Fairview Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 12438 Fairview Ave

    School Information

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    Neighborhood

    This property is located in Blue Island.

    Market Trends

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    Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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