NOT LISTED FOR SALE

2631 W 123rd St Blue Island, IL 60406

10 Beds
10 Baths
-- Sq Ft
1960 Built

Last Sold April 08, 2021

Last sale price $597,500

35 Days on Market

Highlights

  • Laundry Room
  • Central Heating
  • Baseboard Heating
  • Storage Room

About This Home

As of April 2021

California style 2-story brick apartment building. Well-maintained; 10 apartments - each 1 bedroom, 1 bath. Storage units and laundry room with new coin operated washing machines and coin operated dryers. Assigned off-street parking. Newer boiler (2007) and hot water heater (2010). Roof silver-coated every 5 years (2019). Newer storm windows throughout. 2nd floor balcony deck replaced in 2019 and new railings in 2020. Units have been updated. Monthly income is $8125! Nothing to do but purchase the building and start collecting rents in a well-cared for and stabilized investment! All units are filled! Previously inspected by Village of Blue Island.

Last Agent to Sell the Property

Joan McClorey

First In Realty, Inc. License #475184316 Listed on: 01/05/2021

Last Buyer's Agent

Ronald Ohr

Avenue 1 Realty Group License #471020729

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,628

Year Built

  • Built in 1960

Lot Details

  • Lot Dimensions are 60x127

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation
  • Reflective Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Storage Room
  • Laundry Room
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Utilities

  • No Cooling
  • Central Heating
  • Baseboard Heating
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • 10 Units

Building Details

  • Electric Expense $552
  • Fuel Expense $2,556
  • Insurance Expense $3,369
  • Maintenance Expense $1,200
  • Other Expense $2,226
  • Trash Expense $1,500
  • Water Sewer Expense $2,908
  • Operating Expense $31,939
  • Gross Income $97,500
  • Net Operating Income $66,761

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,628

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 2
  • Year Built: 1960
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany,48-Hr Notice Required,No Sign on Property
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 10
  • Total Bedrooms: 10
  • Basement Description: Slab
  • Fire Protection: Fire Extinguisher/s,Carbon Monoxide Detector(s)
  • Misc Inside: Storage Inside,Laundry Room
  • Fireplaces: 2
  • Refrigerators: 10
  • Ranges: 10
  • Number of Washers: 2
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 640000
  • Roof: Reflective Coating
  • Exterior Building Type: Brick
  • Roof Structure: Flat
  • Misc Outside: Enclosed Stairs,Security System,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: None
  • Electric: Service - 0 to 100 Amps
  • Utilities: Water-Municipal
  • Heat/Ventilation: Central Heat/Indiv Controls,Baseboard
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 1500
  • Water Sewer Expenses: 2908
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 60X127
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks

Rental Info

  • Tenant Pays: Air Conditioning, Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 66761
  • Fuel Expense: 2556
  • Insurance Expense: 3369
  • ElectricExpense: 552
  • GrossIncome: 97500
  • Maintenance Expense: 1200
  • NumberOfUnitsTotal: 10
  • OperatingExpense: 31939
  • Expense Year: 2019
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 17628
  • Tax Year: 2019

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
04/08/2021 04/08/21 Sold $597,500 -6.6% --
02/09/2021 02/09/21 Pending -- -- --
01/05/2021 01/05/21 For Sale $640,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joan McClorey

    Seller's Agent in 2021

    Joan McClorey

    First In Realty, Inc.

    (773) 578-5626

    1 in this area

    57 Total Sales

    Joan McClorey
    Section Image
  • Ronald Ohr

    Buyer's Agent in 2021

    Ronald Ohr

    Avenue 1 Realty Group

    (312) 719-9090

    1 in this area

    118 Total Sales

    Ronald Ohr
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10963437

Midwest Real Estate Data (MRED)
Illinois Cook County Blue Island 60406

2631 W 123rd St, Blue Island, IL

This home is located at 2631 W 123rd St, Blue Island, IL 60406 since 05 January 2021. This property was built in 1960. 2631 W 123rd St is a home located in Cook County with nearby schools including George Washington Elementary School, Veterans Memorial Middle School, and Dwight D. Eisenhower High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes