2053 135Th StBlue Island, IL 60406

Property Details for 2053 135Th St

Property size (Sq ft)

5,000 SF

Property type

Apartment buildings

Description

This exceptional six-unit apartment building, located at 2053 W 135th St in Blue Island, Illinois (APN 29-06-102-037), presents a compelling investment opportunity. The property boasts a total of 5,000 square feet and offers a strong net operating income (NOI) of $44,362.60, translating to an attractive 8.00% capitalization rate. The asking price is $510,000. The building comprises five two-bedroom units and one one-bedroom unit. Significant renovations have been undertaken, with four units featuring brand new kitchens, bathrooms, flooring, and appliances. The remaining units offer considerable potential for value enhancement through future upgrades. The property benefits from very strong gross rents, indicating a stable and potentially growing income stream. The seller is highly motivated, and the price has recently been reduced by nearly 10%, making this an exceptional opportunity for investors seeking a solid return in a desirable location. This property is situated in Cook County, Illinois, zip code 60406.

Location Insight

City

Blue Island

County

Cook

State

Illinois

Latitude

41.648

Longitude

-87.6713

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