2421 West 123rd Street
2421 West 123rd Street
$640,000
16
8
—
—
—
Closed 1/24/24
Description
"As-Is" Sale of this multifamily asset at 2421 123rd Street in Blue Island, IL. Brand New Roof finished 11/15/2023, high quality materials used. The property consists of eight apartments. All units are two-bedroom/one-bath. The majority of the property is leased by a corporate entity that has just renewed its master lease agreement. 2421 123rd Street will effectively provide an investor with a stabilized asset featuring eight tenants. Multiple units have been renovated, and additional value can be..."As-Is" Sale of this multifamily asset at 2421 123rd Street in Blue Island, IL. Brand New Roof finished 11/15/2023, high quality materials used. The property consists of eight apartments. All units are two-bedroom/one-bath. The majority of the property is leased by a corporate entity that has just renewed its master lease agreement. 2421 123rd Street will effectively provide an investor with a stabilized asset featuring eight tenants. Multiple units have been renovated, and additional value can be added through updating the remaining units to collect higher rents. The property has not had any vacancy in the last 16 years. The building is located just north of downtown Blue Island and the Olde Western Avenue Historic District featuring several retail shops and restaurants. 2421 123rd Street is located three blocks from the Blue Island Metra station at the Western Avenue Pace bus stop. This asset is being offered at a 7.72% CAP rate with tremendous cash flow and future upside.
- Listed by Dominick Cannata • Brookline Real Estate LLC
Sold By Baird & Warner
Property Details for 2421 West 123rd Street
Area
Blue Island
TownshipWorth
ZoningMULTI
Location
LISTING UPDATED: 01/25/2024 01:12 PM
Property Details for 2421 West 123rd Street
Status | Closed |
---|---|
MLS # | 11766902 |
Days on Market | 275 |
Taxes | $18,827 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Garden Complex |
Year Built | 1968 |
Lot Size | 0.18 AC / 7,874 SF |
County | Cook County |
Location
Building Information for 2421 West 123rd Street
Stories-Residences8Year Built1968Building Size-Lot Size0.18 AC / 7,874 SF
Payment Calculator
$5,062 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2421 West 123rd Street
Property History for 2421 West 123rd Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2421 West 123rd Street
Taxable ValueLand$4,724Additions$34,676Total$39,400
Tax Record2019$17,753 ($1,479 / month)
Home Facts
Lot Size7,874 SqFtStyleMulti-Family Res (5+ Units)Year Built1968CountyCOOKAPN24-25-403-039
Schools near 2421 West 123rd Street
This home is within Cook County School District 130.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 3 | |||
Public - | 4 to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Paul Revere Primary School PublicK to 3 | ||
Paul Revere Intermediate School Public4 to 5 | ||
Veterans Memorial Middle School Public6 to 8 | ||
Dd Eisenhower High School (Campus) Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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