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$675,000   Price Analysis
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2423 123rd St
Blue Island, IL 60406
Unknown bed 2 bath unknown SqFt ($0/SqFt)
5,648SqFt lot. Built 1967
Listed 2024-01-23, Taxes $20,353
Ⓧ USDA Ineligible
due to location

near Blue Island

2423 123rd St

* Sale Pending *

A multi-family real estate gem comprising nine (9) big units located in the Blue Island suburb of Chicago. Nestled in a strategic location, the property offers easy access to essential amenities and transportation, enhancing its appeal to potential tenants. 2423 123rd St has a desrable unit mix comprised of three (3) 3 bed/1.5 bath units and six (6) 2 bed/1.5 bath units.

Additional highlights include a newer boiler and HVAC units, along with the roof being recently silver lined. Investors can gain additional income from the four (4) covered parking spaces located in the rear of the building. Positioned for substantial income potential, the current under-market rents present an immediate avenue for increasing cash flow. Furthermore, solely through improved leasing and management and br inging the rents to increased levels, a new owner will enjoy steady returns on this opportunist investment


Presented by John Lambert at
Kiser Group Realty Inc.


Property MLS #11966048 from MRED

Cooling Features: Central Air

Full Bathrooms: 2

Lot Size Acres: 0.1296602
Lot Size Dimensions: 125.5 X 45 FT
Lot Size Square Feet: 5648

Association: No
Calculated Total Monthly Association Fees: 0

Number of Units: 9
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Total Rooms in Unit-1: 6
Total Rooms in Unit-2: 7

Tenant Pays: Electricity

Annual Tax Amount: 42400.00
Source Listing Status: Pending
County: Cook
Directions: Confidential listing, no directions provided.
Tax Year: 2022
Source Property Type: Multi-Family
Parcel Number: 24254030110000
Property Subtype: Multi Family 5+
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2020$44,410 + $2,063
$46,473
$20,353
2019$30,697 + $1,905
$32,602
$14,689
2018$30,697 + $1,905
$32,602
$14,039
2017$30,697 + $1,905
$32,602
$14,217
2016$28,888 + $1,746
$30,634
$13,990
2015$40,919 + $1,746
$42,665
$18,958
2014$40,919 + $1,746
$42,665
$18,597
2013$40,919 + $1,746
$42,665
$17,252
2012$40,919 + $1,746
$42,665
$16,570
2011$40,919 + $1,746
$42,665
$15,745
2010$23,163 + $1,857
$25,020
$8,518
2009$55,627 + $2,285
$57,912
$19,503
2007$31,553 + $2,794
$34,347
$10,119
2006$34,421 + $3,048
$37,469
$10,344

Listed 2024-01-23
$675,000
MRED
Sold 1998-09-28
$467,000
Public Record

Net Operating Income: 28041

Electric: Circuit Breakers

Year Built: 1967
Property Age: 57
Levels or Stories: 3

Veterans Memorial Middle School is a public middle school located approximately 0.1 miles away.
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Paul Revere Intermediate School is a public elementary school located approximately 0.2 miles away.
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Dd Eisenhower High School (Campus) is a public high school located approximately 0.9 miles away.
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St Walter School is a private elementary and middle school located approximately 0.7 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.