12438 Fairview Avenue, Blue Island, IL 60406

  • $520,000
  • $520,000
12438 Fairview Avenue, Blue Island, IL 60406
For Sale
12438 Fairview Avenue, Blue Island, IL 60406
  • $520,000
  • $520,000

Overview

Property ID: 24124843
  • Commercial Sale
  • Property Type
  • 1962
  • Year Built

Description

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.

  • Address 12438 Fairview Avenue
  • City Blue Island
  • State/county IL
  • Zip/Postal Code 60406
  • Country United States

Details

Updated on August 20, 2024 at 12:51 pm
  • Property ID: 24124843
  • Price: $520,000
  • Year Built: 1962
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • MLS#: MRD12121323
  • Office Name: EXP REALTY, LLC
  • Agent Name: Michael Scanlon
  • MLS Status: Active

Additional details

  • List Office MLSID: MRD87488
  • List Agent MLSID: MRD895103
  • List Date: 2024-07-25T19:37:19.000Z
  • Tax Annual: 11034
  • Tax Year: 2022
  • County: Cook

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