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    Blue Island, IL Apartment Buildings for Sale

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    Posen, IL Riverdale, IL South Holland, IL Robbins, IL Dolton, IL Markham, IL Midlothian, IL Hazel Crest, IL
    16 properties
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    Studio Apartment Building with Parking
    Updated: Jun 16
    Studio Apartment Building with Parking

    184 W 147th Street, Harvey, IL 60426

    $1,100,000
    6,686 sqft
    20‑unit studio apartment building built in 1964, with all units configured as studios
    Parking lot recently repaved; simple, low‑maintenance landscaping
    Ownership has maintained the property since acquiring it in 2012
    Current rent is approximately $750 per month per unit; ownership reports pro forma potential of approximately $940 per month
    Potential annual gross rental income increase of more than $45,000 if rents reach market‑aligned levels
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    This listing looks promising.

    Here's a quick look at some key insights for

    184 W 147th Street, Harvey, IL 60426

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    • Est. Cap Rate

      7.1%
      Above avg (5.9%)

    • Est. NOI

      $78K
      Annual

    • Price @ 7% Cap

      $1.11M
      Above asking

    • Last Sold

      Jun 2012
      $200K

    • Property Type

      Garden Apt, Court Apt
      Built 1962
    View Property Analytics
    20-Unit Studio Apartment Building
    Updated: Jun 16
    20-Unit Studio Apartment Building

    184 W 147th Street, Harvey, IL 60426

    $1,100,000
    0.33 AC lot
    20‑unit studio apartment building on 0.33 acres
    MULTI zoning supports multifamily use
    Built in 1964 with 20 bathrooms
    Located along 147th Street with approximately 23,000 vehicles per day
    Access to Interstates 57, 80, 94, and 294
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    6-Unit Apartment Building with New Roof
    6-Unit Apartment Building with New Roof

    2836 Minnesota Avenue, Blue Island, IL 60406

    $699,000
    0.17 AC lot

    Brick multifamily property with individual thermostats, appliances, storage lockers, and shared coin-operated laundry.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    2526 Broadway Street, Blue Island, IL 60406

    $459,900
    0.77 AC lot

    Brick multifamily property with a finished basement and private parking lot.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Rehabilitated 6-Unit Apartment Building
    Rehabilitated 6-Unit Apartment Building

    15633 Lexington Avenue, Harvey, IL 60426

    $499,999
    0.20 AC lot

    Three-story brick property offers leased apartments plus a finished garden-level space outside the legal unit count.

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    Six-Unit All-Brick Apartment Building
    Six-Unit All-Brick Apartment Building

    12934 Page Court, Blue Island, IL 60406

    $529,000

    Fully occupied multifamily property with long-term tenants, off-street parking, and a shared laundry area.

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    Six-Unit Multifamily Building
    Six-Unit Multifamily Building

    12909 Page Street, Blue Island, IL 60406

    $609,900

    Multifamily property with updated interiors, refreshed site improvements, and access to shopping, transit, and I-57.

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    Blue Island Multifamily Investment Opportunity
    Blue Island Multifamily Investment Opportunity

    13039 S Wood St, Blue Island, IL 60406

    Contact for pricing
    12,000 sqft 0.37 AC lot

    12-unit multifamily property in Blue Island with parking.

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    Nine-Unit Multifamily Building
    Nine-Unit Multifamily Building

    2423 W 123rd St, Blue Island, IL 60406

    $775,000

    Well-maintained nine-unit multifamily property built with flexicore construction.

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    6-Unit Multifamily Property
    6-Unit Multifamily Property

    13507 Seeley Ave, Blue Island, IL 60406

    $518,000

    Well-maintained apartment property with six residential units in Blue Island, Illinois.

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    6-Unit Apartment Building
    6-Unit Apartment Building

    15633 Lexington Avenue, Harvey, IL 60426

    $499,999

    Fully leased masonry property with renovated apartments and a finished, nonlegal garden-level space.

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    9-Unit Apartment Building
    9-Unit Apartment Building

    13043 S Wood St, Blue Island, IL 60406

    $747,000

    Multifamily property available for sale in Blue Island, Illinois.

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    6-Unit Apartment Building
    6-Unit Apartment Building

    2526 Broadway Street, Blue Island, IL 60406

    $459,900

    Six residential units with tenant-paid utilities, updated windows and cabinets, a finished basement, and private parking.

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    Value-Add Five-Unit Multifamily
    Value-Add Five-Unit Multifamily

    11902 Longwood Dr, Blue Island, IL 60406

    Contact for pricing

    Five residential units with off-street parking, storage, and on-site laundry, with recent roof, boiler, and window improvements.

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    Six-Unit Multifamily in Blue Island
    Six-Unit Multifamily in Blue Island

    12456 Fairview Avenue, Blue Island, IL 60406

    $545,000

    Fully rented six-unit multifamily property in a good rental area.

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    Seven-Unit Multifamily Investment Property
    Seven-Unit Multifamily Investment Property

    15633 Lexington Ave, Harvey, IL 60426

    Contact for pricing
    8,600 sqft

    Seven units, investor-ready, priced to sell with upside potential.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 16 Active listings in Blue Island, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 56 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    12-Unit Apartment Building
    12-Unit Apartment Building

    12601 S Winchester Ave, Calumet Park, IL 60827

    $890,000

    Multifamily asset in Calumet Park, Illinois.

    View details
    7-Unit Mixed-Use Brick Property
    7-Unit Mixed-Use Brick Property

    201 W 144th Street, Riverdale, IL 60827

    $350,000
    0.17 AC lot

    Restaurant storefronts and five apartments combine in a downtown Riverdale commercial property.

    View details
    Mixed-Use Brick Flexicore 7-Unit
    Mixed-Use Brick Flexicore 7-Unit

    201 W 144th Street, Riverdale, IL 60827

    $350,000

    Downtown mixed-use property with restaurant storefronts and five apartments, offering shared income streams and commuter access.

    View details
    Gut-Rehabbed 16-Unit Apartment Building
    Gut-Rehabbed 16-Unit Apartment Building

    12510 Lincoln Street, Calumet Park, IL 60827

    Contact for pricing

    Sixteen units are gut-rehabbed with new laminate and tile flooring plus updated plumbing and electric systems.

    View details

    Off-Market Properties in Blue Island, IL

    Consider similar Off-Market properties in Blue Island, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    12634 California Ave
    GARDEN APT, COURT APT (5+ UNITS)

    12634 California Ave, Blue Island, IL 60406-1972

    $395,000
    Estimated value
    0.25 AC lot
    View details
    2510 Walnut St
    APARTMENT HOUSE (UNDER 5 UNITS)

    2510 Walnut St, Blue Island, IL 60406-3895

    $305,000
    Estimated value
    2,272 sqft 0.09 AC lot
    View details
    12707 Maple Ave, Unit 2
    APARTMENT HOUSE (UNDER 5 UNITS)

    12707 Maple Ave, Blue Island, IL 60406-1901

    Unit 2
    $220,000
    Estimated value
    2,358 sqft 0.13 AC lot
    View details
    2930 Edison Ave, Unit 1
    APARTMENT HOUSE (UNDER 5 UNITS)

    2930 Edison Ave, Blue Island, IL 60406-3927

    Unit 1
    $295,000
    Estimated value
    1,848 sqft 0.07 AC lot
    View details
    2948 Everett St
    APARTMENT HOUSE (UNDER 5 UNITS)

    2948 Everett St, Blue Island, IL 60406-3582

    $385,000
    Estimated value
    2,457 sqft 0.17 AC lot
    View details
    12517 Elm St
    APARTMENT HOUSE (UNDER 5 UNITS)

    12517 Elm St, Blue Island, IL 60406-1730

    $280,000
    Estimated value
    1,742 sqft 0.19 AC lot
    View details
    2025 High St
    APARTMENT HOUSE (UNDER 5 UNITS)

    2025 High St, Blue Island, IL 60406-2570

    $250,000
    Estimated value
    2,092 sqft 0.08 AC lot
    View details
    12719 Lincoln St
    APARTMENT HOUSE (UNDER 5 UNITS)

    12719 Lincoln St, Blue Island, IL 60406-2213

    $115,000
    Estimated value
    2,320 sqft 0.14 AC lot
    View details

    Blue Island, IL Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Blue Island, IL, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 27,286 square feet of properties for sale, with an estimated market value of $8,542,698.

    Sale prices for two-family homes in Blue Island, IL start at $459,900, averaging $657,130, and reaching up to $1,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 25K
    Population Growth (5Y) -1.5%
    Median Household Income $59,502
    College Educated 25.6%

    High-Yield Neighborhoods for Investment

    Identify Blue Island submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60406 $600.7K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Blue Island fall within the 10,000 to 25,000 square foot range.

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    • 60426

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