IL > Blue Island
Blue Island, IL 60406,12438 Fairview AVE
Blue Island, IL 60406,12438 Fairview AVE
Blue Island, IL 60406,12438 Fairview AVE
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Jacqueline Knight

Jacqueline Knight

+1(608) 440-1740
$520,000
Est. payment /mo
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UPDATED:

09/30/2024 12:20 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12121323

Maintenance Fees $3,000

Year Built 1962

Annual Tax Amount $11,034

Tax Year 2022

Lot Dimensions 6299

Property 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.

Location

State IL

County Cook

Area Blue Island

Zoning MULTI

Interior

Fireplace N

Building

Dwelling Type Multi Family 5+

Level or Stories 3

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Midwest Real Estate Data (MRED) IDX
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Michael Scanlon • eXp Realty, LLC

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