2149-2151 W 119th St Blue Island, IL
Listing Price: $495,000
|Number of Units||10|
- Fully Occupied Ten Unit Multifamily Offering
- Value-Add Investment Opportunity, Below Market Rents
- Month-to-Month Lease Offering Flexibility to Renew, Re-let, Renovate
- Off-Street Parking, Storage and Laundry Facility
Marcus and Millichap is pleased to present to market this fully occupied 10-unit value-add multifamily offering in Blue Island, Illinois, a southern suburb of Chicago. The property consists of two adjacent 5-unit brick apartment buildings each containing four one-bedroom units and one two-bedroom unit. Amenities include off-street parking, storage units, and on-site laundry in each building.
Each unit has written month-to-month leases offering the flexibility to retain these tenants, renew or renovate and release at higher market rents as each unit is approximately $150 below current market rent for the area.
The property is located approximately 16 miles south of Chicago’s Loop two blocks from the 119th St Metra Station, 119th Street & Vincennes Bus Stop, and two-minutes from Interstate 57.