Estimated payment $2,064/month
Highlights
- Property is near a park
- Tennis Courts
- Baseboard Heating
- Traditional Architecture
- Patio
- Heating System Uses Steam
About This Home
Inflation Deflator! Lay your foundation for the future with the purchase of this eye-catching sturdy brick three-unit building with a basement. This is truly a rare find, owned by the same owner for 39 years, and it suits both the owner-occupant lifestyle and the investor's eye for value. The property features a spacious main-level apartment (Apt #1), formerly the previous owner's residence, offering a large living room with hardwood flooring that opens to a big eat-in kitchen with unique, custom-designed stainless steel cabinetry and stainless steel appliances. There are three bedrooms and one and a half bathrooms, currently rented for $1,850 per month with all utilities included. A side door leads to two apartments upstairs. The completely renovated second apartment (Apt #2) offers two bedrooms and one bath, luxury vinyl flooring throughout, a new kitchen, and an updated bathroom. It is currently vacant with a rental potential of $1,400 per month, including water and garbage. The third apartment (Apt #3) features one bedroom and one bathroom and is rented to a long-term tenant at $900 per month, also including water and garbage, with a rental potential of $1,200 per month. The large finished basement, previously rented but recently reconverted, is ideal for extended living space, entertaining, or storage. There is also a separate coin laundry room generating approximately $100 per month, along with a utility room featuring storage lockers for each unit. The 1.5-car garage could be rented for an additional $100 to $150 per month. The property offers a generous backyard and side yard with a paver patio, perfect for outdoor entertaining. Located in a hot rental area in the heart of Blue Island, this property is just a short nine-minute walk to the train and provides easy access to I-57. Schedule your viewing before this opportunity is gone!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,689
Year Built
- Built in 1958
Lot Details
- Lot Dimensions are 75x98x107x116
- Paved or Partially Paved Lot
- Irregular Lot
- Additional Parcels
Parking
- 1.5 Car Garage
- Driveway
- Off-Street Parking
Home Design
- Traditional Architecture
- Brick Exterior Construction
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 5 Bathrooms
- Dual Sinks
Utilities
- Baseboard Heating
- Heating System Uses Steam
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Basement Fills Entire Space Under The House
- Patio
- Property is near a park
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
- Senior Freeze Tax Exemptions
Community Details
Overview
- 3 Units
- 3 Flat With Basement
Recreation
- Tennis Courts
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $574 | $1,455 | $1,455 | -- |
| 2023 | $629 | $1,455 | $1,455 | -- |
| 2022 | $629 | $1,273 | $1,273 | $0 |
| 2021 | $609 | $1,273 | $1,273 | $0 |
| 2020 | $615 | $1,273 | $1,273 | $0 |
| 2019 | $553 | $1,151 | $1,151 | $0 |
| 2018 | $529 | $1,151 | $1,151 | $0 |
| 2017 | $523 | $1,151 | $1,151 | $0 |
| 2016 | $482 | $1,030 | $1,030 | $0 |
| 2015 | $465 | $1,030 | $1,030 | $0 |
| 2014 | $461 | $1,030 | $1,030 | $0 |
| 2013 | $429 | $1,030 | $1,030 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/07/2025 11/07/25 | For Sale | $349,873 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12512245
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