Well-Maintained Multi-Family Investment
12815 Clinton Street, Blue Island, IL 60406
MULTI_FAMILY - Other - Blue Island, IL
Property size:
1,000 SFLot size:
0.14 AcresPrice / SF:
$250/SF- Added:
- Apr 10, 2026
- Days on Market:
- 87
- Last Refresh:
- Jul 5 at 6:06 pm
Property Features for 12815 Clinton Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Basement, Kitchen, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
- Parking
- 9
- Parking features
- Owned, Garage
- Patio and Porch features
- Patio, Deck
- Fencing
- Fenced
- Basement
- Unfinished, Full
- Standard status
- Active Under Contract
- APN
- 24361050210000
- Size
- 1,000 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5252
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1914
- Building materials
- Aluminum Siding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Jaime Birks (888) 574-9405
Listing office eXp Realty 13034 Western Avenue, Chicago, IL (888) 574-9405
Listing date Apr 10, 2026
MLS# 12609683
Listing URL
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two‑unit multifamily building on a level, fully fenced lot with enclosed front porch
- First‑floor unit is vacant; upper unit is tenant‑occupied on a month‑to‑month lease
- Each unit includes approx. 900–1,000 SF (per seller) with living room, spacious bedroom, full bath, and eat‑in kitchen
- Upgrades include new boiler (approx. 4 years old), updated electrical with three separate panels, newer windows and doors, and newer countertops and carpet
- Detached 6‑car garage (owned) plus deck and patio for additional outdoor and storage/workshop space
- Utilities and features: natural gas heating, public water and public sewer, asphalt roof, aluminum siding, fenced yard
Overview
This well-maintained two-unit multi-family property presents an investment opportunity. Situated on a level, fully fenced lot, each unit features approximately 900-1,000 square feet and includes a living room, bedroom, full bathroom, and an eat-in kitchen. The first-floor unit is vacant, providing immediate occupancy or the opportunity to set market rent. The upper unit is tenant-occupied on a month-to-month lease, offering instant income potential. Upgrades include a new boiler (approximately 4 years old), updated electrical system with three separate panels, newer windows and doors, newer countertops, and newer carpet. A fully enclosed front porch adds additional usable space and charm, while security lighting and motion detectors provide added peace of mind. The property features a large detached 6-car garage, offering space for parking, storage, workshop use, or potential additional rental income opportunities. The fenced yard provides privacy and functionality for occupants. Located in Blue Island, Illinois, this multi-family home combines updates, flexible occupancy options, and potential.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.0k | $20.04 |
| − Vacancy | −$1.5k | −$1.50 |
| EGI | $18.5k | $18.54 |
| − OpEx | −$5.6k | −$5.56 |
| NOI | $13.0k | $12.98 |
1,000 SF · lease $20.04/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$185.4K
$162.2K – $216.3K
NOI $12,976 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$165.7K
$145.0K – $193.4K
NOI $11,601 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$345.3K
$302.1K – $402.8K
NOI $24,168 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Blue Island
- County
- Cook
- State
- Illinois
- Longitude
- -87.693217
- Latitude
- 41.660298
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit building with updates, flexible occupancy, and income potential.
Where is this duplex located?
The property is located at 12815 Clinton Street Blue Island, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit multifamily building on a level, fully fenced lot with enclosed front porch; First‑floor unit is vacant; upper unit is tenant‑occupied on a month‑to‑month lease; Each unit includes approx. 900–1,000 SF (per seller) with living room, spacious bedroom, full bath, and eat‑in kitchen
