NOT LISTED FOR SALE

2539 Vermont St Blue Island, IL 60406

9 Beds
4 Baths
-- Sq Ft
1894 Built

Last Sold October 18, 2021

Last sale price $258,000

7 Days on Market

Highlights

  • Deck
  • Heating System Uses Steam
  • Paved or Partially Paved Lot

About This Home

As of October 2021

Fantastic Passive Income Earner- Fully rented 4 units in 2 separate buildings conveniently located in the heart of Blue Island. Walking distance to bus and train station. Front Building has a 3 bed 1 bath unit with access to basement with laundry and 2 bed 1 bath unit upstairs with updated kitchen. In back building, long time tenants in both 2 bed, 1 bath units. side & front parking available for tenants. Newer roof on front building in 2015, New boiler in front building in 2017. Real Estate taxes have been protested every year. Selling "as-is".

Last Agent to Sell the Property

Colleen Mclaughlin

Coldwell Banker Realty License #471003297 Listed on: 08/20/2021

Coldwell Banker Realty

Last Buyer's Agent

Monica Villarreal

Baird & Warner License #475158497

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,767

Year Built

  • Built in 1894

Lot Details

  • Lot Dimensions are 41x 140 x41 x 141
  • Paved or Partially Paved Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price
  • Unassigned Parking

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Deck

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,984
  • Maintenance Expense $1,200
  • Trash Expense $750
  • Water Sewer Expense $1,800
  • Gross Income $38,100
  • Net Operating Income $32,366

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,767

Year Built

Built in 1894

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1894
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 9
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 5

Exterior Features

  • ExteriorFeatures: Deck
  • Foundation Details: Concrete Perimeter, Stone
  • List Price: 250000
  • Roof: Asphalt, Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Unassigned
  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Trash Expense: 750
  • Water Sewer Expenses: 1800
  • Trash Expense Year: 2020

Schools

  • Middle/Junior School District: 130

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 41X 140 X41 X 141
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 32366
  • Insurance Expense: 1984
  • GrossIncome: 38100
  • Maintenance Expense: 1200
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 5767
  • Tax Year: 2019
  • Tax Exemptions: None

Range of Values:

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List Price
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
10/18/2021 10/18/21 Sold $258,000 +3.2% --
08/30/2021 08/30/21 Pending -- -- --
08/22/2021 08/22/21 For Sale $250,000 +108.3% --
12/04/2014 12/04/14 Sold $120,000 -11.1% --
10/25/2014 10/25/14 Pending -- -- --
10/01/2014 10/01/14 Price Changed $135,000 -9.4% --
09/15/2014 09/15/14 For Sale $149,000 -- --
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: 11197256

Midwest Real Estate Data (MRED)