12400 Greenwood Ave - Multi-Family FOR SALE


Blue Island, IL 60406
$665,000 USD
773-293-5056
12400 Greenwood Ave, Blue Island, IL for Sale
$665,000 USD
Multi-Family - FOR SALE
1/7
null | 9.04% Cap Rate

12400 Greenwood Ave
Blue Island, IL 60406


HIGHLIGHTS

  • Updated Units: Kitchens, Baths, & Flooring
  • Newer Boiler & Hot Water Heater
  • Comfortably Surrounded by Single Family Homes
  • Walking Distance to Metra

OVERVIEW

Kiser Group is pleased to exclusively present 12400 Greenwood Avenue in Blue Island, IL. This well-maintained 9-unit multifamily building features eight (8) 1-bedroom/1-bath units and one (1) studio apartment, offering an efficient and desirable unit mix for investors focused on stable cash flow. Each unit has undergone cosmetic updates, including modern kitchens, refreshed bathrooms, and new flooring. The property also benefits from a newer boiler and hot water heater, minimizing near-term capital needs (Outside of (1) down apartment). On-site laundry adds convenience for tenants and generates additional income. Located just steps from the 123rd Street Metra Station, the property offers tenants easy access to public transit and a short drive to downtown Chicago, making it attractive to commuters and renters seeking affordability with urban connectivity. This is a strong turnkey investment opportunity in a historically stable rental market with immediate income and long-term upside.

FOR SALE DETAILS

PRICE

$665,000 USD

PRICE/SF

$89 USD /SF

# OF UNITS

9

PRICE/UNIT

$73,889

CAP RATE

9.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,922 SF

ZONING

-

APN/PARCEL ID

24-25-410-023-0000

ASK ABOUT THIS PROPERTY

John GeorgeKiser GroupMore Info
773-293-5056

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John GeorgeKiser GroupMore Info
773-293-5056

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.