Seller's Agent in 2022
Mark Mielnicki
First In Realty, Inc.
(773) 360-5159
2 in this area
43 Total Sales
2247 119th St Blue Island, IL 60406
8
Beds
8
Baths
--
Sq Ft
3,485
Sq Ft Lot
Highlights
- Laundry Room
- Storage Room
- Hot Water Heating System
About This Home
As of April 2022Investors Dream! 100% occupied multi-family investment located in Blue Island, IL. Flexicore constructed two-story California-Style walk-up with brick exterior comprised of 8 spacious apartments. Each unit consists of 1 bedroom, 1 bathroom, living room, dinig area and kitchen. Flexicore construction offering reasonably sound proof units, high durability, longevity and low maintenance. Most units recently rehabbed with new foors, paint and mechanicals. Partial basement offers tenant storage and coin-operated washer and dryer. Mechanicals updated include boiler and water heater. Investment has historically operated with near 100% occupancy. Blue Island is a great rental market offering close proximity to rail transit, commuter bus, and highways. Blue Island is a wonderful historical community offering a wide variety of cultural experiences. Property is located across from Chicago's Morgan Park/Beverly Hills community offering restaurants, grocery, retail, arts center, sports complex, and all of todays conveniences. Located blocks from Chicago Metra's Rock Island Rail Line. Investment offers value add opportunity by adjusting rents to market rents. Proforma cap rate near 12% with current rent cap rate approximately 9%. Investors will love the stable income, many improvements, and opportunity to add value. Current NOI totaling $41,078 and Proforma NOI estimated at $54,000. ***MULTIPLE OFFERS. FINAL AND BEST OFFERS TO BE SUBMITTED BY SUNDAY FEBRUARY 27 AT 2PM. FINAL SHOWINGS BY SUNDAY FEBRUARY 27 A 11 AM. OFFERS TO BE SUBMMITED ON THE C.A.R. :Multi-Family & Investment Purchase and Sale Contract"***
Last Agent to Sell the Property
First In Realty, Inc. License #471000854 Listed on: 02/16/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,094
Year Built
- Built in 1970
Lot Details
- 3,485 Sq Ft Lot
- Additional Parcels
Parking
- 6 to 12 Parking Spaces
Home Design
- Brick Exterior Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
- Storage Room
- Laundry Room
- Exterior Basement Entry
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Utilities
- Cooling System Mounted In Outer Wall Opening
- Hot Water Heating System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for air conditioning, electricity
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $420
- Fuel Expense $1,684
- Insurance Expense $3,534
- Maintenance Expense $2,400
- Manager Expense $3,636
- Trash Expense $900
- Water Sewer Expense $2,786
- Operating Expense $31,654
- Gross Income $74,760
- Net Operating Income $41,078
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/01/2022 04/01/22 | Sold | $475,000 | +3.5% | -- | |
| 02/28/2022 02/28/22 | Pending | -- | -- | -- | |
| 02/18/2022 02/18/22 | For Sale | $459,000 | +52.8% | -- | |
| 04/03/2019 04/03/19 | Sold | $300,400 | -11.4% | -- | View Prior Sale |
| 02/18/2019 02/18/19 | Pending | -- | -- | -- | |
| 01/27/2019 01/27/19 | Price Changed | $339,000 | -3.1% | -- | |
| 01/04/2019 01/04/19 | For Sale | $349,900 | +16.5% | -- | |
| 12/09/2018 12/09/18 | Off Market | $300,400 | -- | -- | |
| 11/25/2018 11/25/18 | Price Changed | $349,900 | -2.5% | -- | |
| 11/01/2018 11/01/18 | For Sale | $359,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Mark Mielnicki
-
Sarah Malburg
Seller Co-Listing Agent in 2022
Sarah Malburg
First In Realty, Inc.
(708) 473-6121
1 in this area
46 Total Sales
-
Robert Fleckenstein
Buyer's Agent in 2022
Robert Fleckenstein
First In Realty, Inc.
(773) 779-3473
3 in this area
68 Total Sales
-
Tanu Singh
Seller's Agent in 2019
Tanu Singh
john greene Realtor
(630) 728-9947
44 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11327545
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