NOT LISTED FOR SALE

2121 Canal St Blue Island, IL 60406

8 Beds
4 Baths
-- Sq Ft
1963 Built

Last Sold July 14, 2023

Last sale price $344,000

49 Days on Market

About This Home

As of July 2023

"As-Is" Sale. Brookline Real Estate is proud to present the multifamily asset at 2121 Canal Street in Blue Island, IL. The property consists of four apartments. All units are two-bedroom/one-bath. The property is leased to a mix of new and longer-term tenants. 2121 Canal Street will effectively provide an investor with a stabilized asset featuring four tenants. Multiple units have been renovated, and additional value can be added through updating the remaining units to collect higher rents. The property sits on a quiet residential block near Lincoln Elementary School. The building is located across the Little Calumet River from downtown Blue Island and the Olde Western Avenue Historic District featuring several retail shops and restaurants. 2121 Canal Street is located three blocks from the Blue Island Metra station and is in close proximity to the Western Avenue Pace bus stop. This asset is being offered at a 7.30% CAP rate with tremendous cash flow and future upside.

Last Agent to Sell the Property

Dominick Cannata

Brookline Real Estate LLC License #471017554 Listed on: 04/24/2023

Last Buyer's Agent

Marius Morkvenas

CZH Properties License #475182633

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,226

Year Built

  • Built in 1963

Lot Details

  • Lot Dimensions are 70 x 100

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,226

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1963
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • Room: 5

Exterior Features

  • List Price: 339000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Heating: Natural Gas
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 218

Lot Info

  • Lot Dimensions: 70 X 100
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric,Gas,Heat

Tax Info

  • Tax Annual Amount: 8226.4
  • Tax Year: 2021

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat,1 Story Unit/s

Range of Values:

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Average Value
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Sold Price
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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
07/14/2023 07/14/23 Sold $344,000 +1.5% --
06/13/2023 06/13/23 Pending -- -- --
06/06/2023 06/06/23 For Sale $339,000 0.0% --
05/03/2023 05/03/23 Pending -- -- --
04/24/2023 04/24/23 For Sale $339,000 -- --
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: 11766826

Midwest Real Estate Data (MRED)