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12438 FAIRVIEW AVE BLUE ISLAND, IL 60406
- Townhouse or Condo / Resale (MLS)
Property Details for 12438 FAIRVIEW AVE, BLUE ISLAND, IL 60406
Features
- Lot Size: 6299
- Total Units: 4
- Stories: 200
- Roof Type: Asphalt
- Heating: Yes
- Construction Type: Masonry
- Exterior Walls: Masonry
Facts
- Year Built: 01/01/1962
- Property ID: 888096205
- MLS Number: 12121323
- Parcel Number: 24-25-408-027-0000
- Property Type: Townhouse or Condo
- County: COOK
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. 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.
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Property Brokerage:
eXp Realty, LLC
939 W. North Ave.
Chicago
IL
60642
Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.