For Sale
$520,000
12438 Fairview Ave Blue Island, IL 60406
Six-unit apartment building, strong cash flow.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 131
Highlights
- Six-unit apartment building in Blue Island, IL, offering a strong investment opportunity.
- Class B, two-story building (1962 construction) with 100% occupancy.
- $520,000 asking price, $86,667 per unit, generating a 9.73% capitalization rate and $50,611 NOI.
- Unit mix: five 2-bed/1-bath, one 1-bed/1-bath; $6,380 monthly rental income.
- Significant upside potential from below-market rents in three units.
- Recent renovations include unit upgrades, fresh paint, and a new roof.
Property Details for 12438 Fairview Ave
- Property type
- Apartment buildings
- Class
- B
- Year Built
- 1962
- Stories
- 2
- Units
- 6
Location Insight
- City
- Blue Island
- County
- Cook
- State
- Illinois
- Latitude
- 41.6668557
- Longitude
- -87.6894264
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - Six-unit apartment building, strong cash flow.
- Where is the apartment building located?
- The property is located at 12438 Fairview Ave Blue Island, IL.
- What is the asking price?
- The asking price for this property is $520,000.
- What are key features of this property?
- This property features: Six-unit apartment building in Blue Island, IL, offering a strong investment opportunity.; Class B, two-story building (1962 construction) with 100% occupancy.; $520,000 asking price, $86,667 per unit, generating a 9.73% capitalization rate and $50,611 NOI.
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