13046 S Wood St, Blue Island, IL

Multi-family for Sale - $1,200,000 - 15,540 Sq. Ft. on 0.49 acres

Marcus and Millichap

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Agent Info

NameRandolph Taylor
CompanyMarcus and Millichap

Property Info

CIMLS #1027913
Location13046 S Wood St
Blue Island IL 60406
Last UpdatedOctober 31st, 2018
TypeMulti-family
Price$1,200,000
Building15,540 Sq. Ft.
Land0.49 acres
DemographicsView data

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Property Description

Marcus & Millichap is pleased to present to market a very well-maintained three-story courtyard all brick flexicore construction 18-unit apartment building in Blue Island, Illinois. Physically and economically stabilized, this offering provides a quick management turn-around opportunity producing a very obtainable 8.5 percent year one projected cap rate.

The unit mix consists of 12 two-bedroom / one-bathroom units and six one-bedroom / one-bathroom units. All units are above grade with patios or balconies, updated with durable wood grain laminate flooring, newer cabinetry and fixtures, radiant baseboard heating, wall-sleeve air conditioning units and ceiling fans in most rooms.

There are three separate buildings, each with a secure front courtyard and rear parking lot entrance providing access to a secure lower level with storage for each apartment and three sets of owned coin-operated commercial washers and dryers.

Blue Island is a southern Cook County city approximately 17 miles south of the downtown Chicago Loop. The property is conveniently located on a quite cul-de-sac, seconds from the Interstate 57 north-south freeway across the street from Centennial Park.


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