• Status Sold
  • Sale Price $65,000
  • Bed 6 Beds
  • Bath 2 Baths
  • Location Worth

Investor/handyman special!! Purchase is for a seasoned investor only and not a homeowner. AMAZING potential in this Blue Island 2-flat! Each unit has 3 bedrooms and 1 full bathroom. Both kitchens has a large eat in area and abundant cabinetry. Spacious bedrooms are all conveniently located near a full bath. MASSIVE unfinished basement and attic! Bonus detached 2-car garage! Walk to Hart Park. Easy access to I-57 and I-294! Surrounded by TONS of dining, shopping, and recreational options! Don't miss out on this rare opportunity! Once renovated -- the 3 bedroom unit can rent for $1,300 (around $1,500 Section 8). Cash-only sale with minimally-moderate renovations for under $200k. Net cash flow: $30k net profit annually with just the 2 units (15% cap rate)! Once occupied, refinance is an option to pull out equity and have a mini cash cow for life.

General Info

  • List Price $95,000
  • Sale Price $65,000
  • Bed 6 Beds
  • Bath 2 Baths
  • Taxes $5,805
  • Market Time 12 days
  • Year Built 1893
  • Square Feet 2548
  • Assessments Not provided
  • Assessments Include None
  • Listed by
  • Source MRED as distributed by MLS GRID

Rooms

  • Total Rooms 10
  • Bedrooms 6 Beds
  • Bathrooms 2 Baths
  • Living Room 13X10
  • Family Room 13X10
  • Kitchen 13X10

Features

  • Heat Gas, Forced Air
  • Air Conditioning Central Air
  • Appliances Not provided
  • Amenities Curbs/Gutters, Sidewalks, Street Lights, Street Paved
  • Parking Garage
  • Age 100+ Years
  • Exterior Aluminum Siding