2130 122nd St - Apartments FOR SALE


Blue Island, IL 60406
$24,500,000 USD
773-919-1297
2130 122nd St, Blue Island, IL for Sale
$24,500,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

2130 122nd St
Blue Island, IL 60406


HIGHLIGHTS

  • Well-Maintained Asset with Strong Historical Occupancy
  • Over $3.1M in Capital Improvements in Last 4 Years
  • Attractive Basis with Immediate Yield
  • Immediate Scale into High Tenant Demand Market

OVERVIEW

Blue Station Apartments is an exceptionally well-maintained 345-unit multifamily community in Blue Island, Illinois, offering a mix of studio, one, and two-bedroom apartments. The community has benefited from over $3.1 million in capital improvements over the past four years and is offered at an attractive basis with immediate yield. The property is located steps from the Metra train station and public transportation, providing convenient access to downtown Chicago in approximately 30 minutes. With practical floor plans featuring open kitchens, spacious bedrooms, and on-site laundry facilities, Blue Station Apartments offers immediate scale within the Chicagoland market and is well positioned among nearby shopping and residential neighborhoods.

FOR SALE DETAILS

PRICE

$24,500,000 USD

PRICE/SF

$133 USD /SF

# OF UNITS

345

PRICE/UNIT

$71,014

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blue Station Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

10

LAND DETAILS

LAND ACRES

5.85 AC

LAND SF

254,813 SF

ZONING

R3, Blue Island

APN/PARCEL ID

25-30-125-030-0000,25-30-126-007-0000,25-30-126-008-0000,25-30-126-009-0000,25-30-126-010-0000,25-30-126-011-0000,25-30-126-012-0000,25-30-126-013-0000,25-30-130-007-0000,25-30-130-008-0000,25-30-130-009-0000,25-30-130-010-0000,25-30-130-011-0000,25-30-130-012-0000,25-30-130-013-0000,25-30-130-014-0000,25-30-135-001-0000,25-30-135-002-0000,25-30-135-003-0000,25-30-135-004-0000,25-30-135-010-0000,25-30-135-011-0000,25-30-135-012-0000,25-30-135-013-0000,25-30-135-014-0000,25-30-135-015-0000,25-30-135-016-0000,25-30-135-017-0000,25-30-135-018-0000,25-30-135-019-0000,25-30-135-020-0000,25-30-135-021-0000,25-30-135-022-0000

ASK ABOUT THIS PROPERTY

Lee KiserKiser GroupMore Info
773-919-1297

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Lee KiserKiser GroupMore Info
773-919-1297

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