$1,827,000
SOLD JUL 23, 2025

12843 Gregory St Blue Island, IL 60406

-- Bed
-- Bath
850 Sq Ft
1967 Built

Recently Sold

$2,149 Per Sq Ft

4% Below List Price

21 Days on Market

Highlights

  • Courtyard
  • Laundry Room
  • Baseboard Heating

About This Home

As of July 2025

This is one of the best 18 unit building in the south suburbs that you will find! Located in the commercial district, this building is in a prime location located near TWO METRA train stations, lyric theater nearby, grocery stores, bars, and ongoing development nearby. MUCH MORE ROOM TO IMPROVE ON RENTAL INCOME! This building also has one of the largest apartment units in Blue Island, and feature balconies, extra storage in basement, shared laundry facilities in basement. Many units have been remodeled! All units have newer replacement windows and newer slider patio doors. Roof is newer. Furnace/Boiler is newer. And this building is extremely clean! City of Blue Island has completed their pre-sale inspection. Contact listing agent for more videos of the building!

Last Agent to Sell the Property

John Rolla

HomeSmart Realty Group License #471009197 Listed on: 04/03/2025

HomeSmart Realty Group

Last Buyer's Agent

Enrique Salas

Coldwell Banker Realty License #471008394

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $39,190

Year Built

  • Built in 1967

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Laundry Room

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Radiant Heating System

Additional Features

  • Courtyard
  • Lot Dimensions are 75' x 160'

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 18 Units

Building Details

  • Electric Expense $1,226
  • Fuel Expense $7,153
  • Insurance Expense $7,300
  • Maintenance Expense $500
  • Other Expense $1,100
  • Trash Expense $2,553
  • Water Sewer Expense $9,551
  • Operating Expense $68,217
  • Gross Income $241,496
  • Net Operating Income $190,059

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$39,190

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance,Courtyard
  • Stories: 3
  • Year Built: 1967
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Inside: Laundry Room
  • Fireplaces: 2
  • Refrigerators: 18
  • Ranges: 18
  • Number of Washers: 2
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 1900000

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Baseboard,Radiant

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 2553
  • Water Sewer Expenses: 9551
  • Janitor Expense: 600

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 75' X 160'
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 190059
  • Fuel Expense: 7153
  • Insurance Expense: 7300
  • ElectricExpense: 1226
  • GrossIncome: 241496
  • Maintenance Expense: 500
  • NumberOfUnitsTotal: 18
  • OperatingExpense: 68217
  • Expense Year: 2023
  • Type Multi-Family: Corridor-Interior Entrance,Courtyard

Tax Info

  • Tax Annual Amount: 39190.34
  • Tax Year: 2023

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 Sold $1,827,000 0.0% $2,149 / Sq Ft
07/04/2025 07/04/25 Off Market $1,827,000 -- --
04/24/2025 04/24/25 Pending -- -- --
04/03/2025 04/03/25 For Sale $1,900,000 0.0% $2,235 / Sq Ft
10/01/2024 10/01/24 For Rent $1,150 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12328414

Midwest Real Estate Data (MRED)