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:
- 37
- Last Refresh:
- May 16 at 2:06 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, Bathroom 2, Bedroom 2, Bedroom 1, Kitchen, Bathroom 1
- Parking
- 9
- Parking features
- Garage, Owned
- Patio and Porch features
- Deck, Patio
- 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
- Large detached 6‑car garage offers parking, storage, workshop space, or rental income potential.
- Vacant first‑floor unit allows for immediate occupancy or setting market rent.
- Tenant‑occupied upper unit provides instant income potential on a month‑to‑month lease.
- Numerous updates including a newer boiler, updated electrical system, newer windows/doors, countertops, and carpet.
- Fully fenced, level lot provides privacy and functionality.
- Each unit features a living room, spacious bedroom, full bathroom, and eat‑in kitchen.
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.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$144.2K
NOI $12,976 @ 9.00% cap · cautious / downside scenario
Moderate
$185.4K
NOI $12,976 @ 7.00% cap · market / base-case scenario
Aggressive
$259.5K
NOI $12,976 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| 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 Use Scenarios
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: Large detached 6‑car garage offers parking, storage, workshop space, or rental income potential.; Vacant first‑floor unit allows for immediate occupancy or setting market rent.; Tenant‑occupied upper unit provides instant income potential on a month‑to‑month lease.
