Blue Island, IL 60406,2836 Minnesota Avenue
Blue Island, IL 60406,2836 Minnesota Avenue
Blue Island, IL 60406,2836 Minnesota Avenue
20
$450,000
$449,900
Est.Price: ?

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6,227 SqFt

2836 Minnesota Avenue Blue Island, IL 60406

Est. payment /mo
SOLD DATE : 08/30/2024

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Key Details

Sold Price $450,000

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 6,227 sqft

Price per Sqft $72

MLS Listing ID 12081097

Sold Date 08/30/24

Year Built 1972

Annual Tax Amount $19,059

Tax Year 2022

Lot Dimensions 58X125

Property Description

Long time family owned and occupied investment property of 30 years, nestled in quiet neighborhood section of Blue Island. This 6-unit building features four 2 Bedroom apartments and two 1-bedroom apartments. Building is very well maintained and cared for. Secure front entry leads to common hallway to each apartment which each tenant would grant access to visitor. Each unit has their own electric panel with circuit breakers and thermostat as well as kitchen appliances (stove & refrigerator) and air conditioners. There is a common laundry room on the ground floor with coin operated washer & dryer for some additional income. There are also 6 separate storage lockers for each tenant. Building has hot water heat. The hot water heater was installed in 2021. The roof is new as it was installed in 2023. Four apartments have some updated features such as newer vanities, countertop and other improvements. There is parking in the rear of building for 6 cars as well as a side drive that can accommodate additional parking if needed. A large storage shed is in back for storage of maintenance equipment or common storage and a small makeshift patio for tenants to enjoy outdoor space or can also be converted to additional parking. This is a great investment opportunity to purchase a fully rented apartment building with long term tenants in a well taken care of structurally sound building. Whether you are a new or seasoned investor, this can be a perfect fit to your real estate portfolio.

Location

State IL

County Cook

Zoning COMMR

Interior

Cooling Window Unit(s)

Fireplace N

Exterior

View Y/N true

Building

Structure Type Brick

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Listed by Donald Shedor • Shedor Realty Group
Bought with Claudia Lowisz • United Real Estate-Chicago

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Sharie Jackson

Realtor | License ID: 475.180534

+1(708) 231-8901

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