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$420,000   Price Analysis
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2623 123rd St
Blue Island, IL 60406
10 bed 5 bath unknown SqFt ($0/SqFt)
3,485SqFt lot. Built 1956
Listed 2024-06-14, Taxes $12,922
Ⓧ USDA Ineligible
due to location

near Blue Island

Great Investment Opportunity!

5-unit one story building located in a quiet residential area. 30 year roof , complete tear off, new boiler, units nd hallways recently updated. Each unit is 2 bedroom, 1 bath and the property is 100% rented, in good condition and has a exceptional upside potential.

Rents are currently below market and can increase to market rent to substantially raise income and cash flow. Option 2; live here and rent out the other four units to cover your expenses. Located near shopping and transportation.


Presented by Kristina Irvine- Aligned Homes at
KELLER WILLIAMS REALTY INFINITY.
Listing Agent Photo

Property MLS #12083079 from MRED

Bedrooms: 10

Total Rooms: 5

Yes

Cooling Features: Wall Sleeve

Full Bathrooms: 5

Additional Parcels: Yes
Lot Size Acres: 0.08
Lot Size Dimensions: 45X150
Lot Size Square Feet: 3485

5

Association: No
Calculated Total Monthly Association Fees: 0

Number of Units: 5
Bedrooms in Unit-1: 2
Total Bathrooms in Unit-1: 1
Full Bathrooms in Unit-1: 1
Total Rooms in Unit-1: 5
Unit-1 Description: Unit 1, Units Total: 5
Unit-2 Description: Unit 2
Unit-3 Description: Unit 3
Unit-4 Description: Unit 4
Unit-5 Description: Unit 5
Unit-6 Description: Unit 6
Unit-7 Description: Unit 7

Tenant Pays: Air Conditioning, Electricity

Annual Tax Amount: 15889.00
Source Listing Status: Active
County: Cook
Directions: 123rd st west of western 2 block to property
Tax Year: 2022
Source Property Type: Multi-Family
Parcel Number: 24254010540000
Township: Calumet
Zoning: MULTI
Property Subtype: Multi Family 5+
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$26,951 + $1,746
$28,697
$12,922
2020$26,951 + $1,746
$28,697
$12,568
2019$20,473 + $1,571
$22,044
$9,932
2018$22,419 + $1,571
$23,990
$10,330
2017$22,419 + $1,571
$23,990
$10,461
2016$14,872 + $1,309
$16,181
$7,389
2015$14,872 + $1,309
$16,181
$7,190
2014$17,854 + $1,309
$19,163
$8,352
2013$16,999 + $1,309
$18,308
$7,403
2012$16,999 + $1,309
$18,308
$7,110
2011$16,999 + $1,309
$18,308
$6,756
2010$22,626 + $1,309
$23,935
$8,148
2009$22,626 + $1,309
$23,935
$8,060
2007$18,345 + $1,955
$20,300
$5,980
2006$18,345 + $1,955
$20,300
$5,604

Price Changed 2024-07-10
$420,000
MRED
Listed 2024-06-14
$450,000
MRED
Sold 2021-02-26
$300,000
Public Record
Sold 2020-12-30
$300,000
MRED
Price Changed 2020-10-17
$339,900
MRED
Listing removed 2020-03-11
$318,000
MRED
Listed 2020-02-26
$329,900
MRED
Price Changed 2019-04-23
$325,900
MRED
Listing removed 2019-03-12
$319,900
MRED
Listed 2019-03-12
$339,900
MRED
Listing removed 2018-12-17
$339,900
MRED
Listing removed 2018-11-07
$329,000
MRED
Listed 2018-11-07
$319,900
MRED
Listed 2018-08-16
$329,000
MRED
Listing removed 2018-08-01
$339,900
MRED
Listed 2018-02-01
$339,900
MRED
Listing removed 2017-12-14
$335,900
MRED
Price Changed 2017-08-03
$335,900
MRED
Listed 2017-03-14
$339,900
MRED
Listing removed 2016-08-16
$339,900
MRED
Listed 2016-02-16
$339,900
MRED
Listing removed 2015-09-30
$329,000
MRED
Price Changed 2015-08-22
$329,000
MRED
Price Changed 2015-07-28
$339,000
MRED
Listed 2015-04-22
$349,000
MRED
Listing removed 2014-12-01
$369,900
MRED
Listed 2014-03-11
$369,900
MRED
Sold 2006-09-07
$340,000
Public Record
Sold 1999-03-25
$195,000
Public Record

Net Operating Income: 25771

Year Built: 1956
Construction Materials: Brick
Foundation Details: Concrete Perimeter
Property Age: 68
Roof: Composition
Levels or Stories: 3

Veterans Memorial Middle School is a public middle school located approximately 0.2 miles away.
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Dd Eisenhower High School (Campus) is a public high school located approximately 0.7 miles away.
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George Washington Elementary School is a public elementary school located approximately 0.9 miles away.
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Tlc Learning Center is a private elementary school located approximately 0.5 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.