Property for Sale: 12438 Fairview, Blue Island, IL 60406

$520,000
$520,000
12438 Fairview, Blue Island, IL 60406
$520,000
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Price:
$520,000

Type Commercial
Year Built 1962

City Blue Island
County Cook

MLS 12121323
Status Active
Discover a lucrative investment (9.73% Cap Rate) with this fully occupied 6-unit building, perfect for investors looking for reliable cash flow and potential for long-term appreciation. The property includes five (5) two-bedroom/one-bathroom units and one (1) one-bedroom/one-bathroom unit. Currently, it generates $6,380 in monthly rental income. 3 units in the building are currently priced below market rates, highlighting substantial future rent increase potential as tenants change. Recent renovations have significantly enhanced the property, including unit upgrades, freshly painted common areas, upgrade to the roof, and other capital expenditures, ensuring reduced maintenance costs and enhanced property value.This investment allows you to start earning immediately. Furthermore, this property is available for purchase along with 12930 Page Court in Blue Island, presenting an even greater investment opportunity.

Lot & Building Features

Tax Year 2022
Lot Dimensions 6299 ft

Price History of 12438 Fairview, Blue Island, IL

Date Name Price Difference
12/31/1969 Listing Price $520,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Carol Molnar
Direct: 708-227-3388
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by eXp Realty, LLC, Michael Scanlon & Cody Starostka
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20%
1%
6.75%
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Monthly Payment
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Monthly Taxes
Monthly HOA
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12438 Fairview (MLS #12121323) is a commercial listing located in Blue Island, IL. This property was listed on 07/25/2024 and has been priced for sale at $520,000.

Nearby zip codes are 60411, 60643, 60655, 60803 and 60827. This property neighbors other cities such as Alsip, Calumet Park, Chicago, Lynwood and Merrionette Park.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: eXp Realty, LLC