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Multifamily For Sale

13048-13050 S Forest dr
Blue Island, IL 60406


TYPE Multifamily
PRICE $1.2m
UNITS 18
BUILDINGS 3
BUILT/RENO 1968/2010-2014
OCCUPANCY 89%
CAP RATE Yr 1 8.85%
CASH-ON-CASH YR 1 20.74%

 Highlights

  • Very well maintained property with renovated Units with newer flooring, cabinetry & fixtures.
  • Brick and Flexicore Construction with Full Basement, Storage and On-site Laundry
  • Newer Gable Shingle Roof (2014), Newer Hot Water Tank and Inspected Boiler
  • 22 Off-street Parking Spaces
  • On Quiet Cul-de-Sac Across from Park, Seconds from Interstate 57

Description


Marcus & Millichap is pleased to present to market a very well-maintained three-story courtyard all brick flexicore construction 18-unit apartment building in Blue Island, Illinois. 

The unit mix consists of 12 two-bedroom / one-bathroom units and six one-bedroom / one-bathroom units. All units are above grade with patios or balconies, updated with durable wood grain laminate flooring, newer cabinetry and fixtures, radiant baseboard heating, wall-sleeve air conditioning units and ceiling fans in most rooms.

There are three separate buildings, each with a secure front courtyard and rear parking lot entrance providing access to a secure lower level with storage for each apartment and three sets of owned coin-operated commercial washers and dryers.

Blue Island is a southern Cook County city approximately 17 miles south of the downtown Chicago Loop. The property is conveniently located on a quite cul-de-sac,
seconds from the Interstate 57 north-south freeway across the street from Centennial Park.

 

 

Map Overview


 

REQUEST OFFERING MEMO

 

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