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Blue Island Multifamily Investment Opportunity
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13039 S Wood St, Blue Island, IL 60406

12-unit multifamily property in Blue Island with parking.

Property Size12,000 SF
Lot Size0.37 Acres
Price / SF$75
Days on Market161

Property Features for 13039 S Wood St

General Information

Standard status Active
Size 12,000 SF
Total Parking Spaces 12
Lot size 0.37 Acres
Property subtype Multifamily
Occupancy 100%
Net Operating Income $79,334

Building Details

Year Built 1968
Buildings 1
Stories 3
Units 12
Listing Agency: Horvath & Tremblay
Listed By: Anthony Spangler · License #IL 475173833
Source: Crexi
Added: Mar 13 Changed: Aug 8 Last Checked: Aug 19 at 8:21AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay

Investment Insights

Based on property information with market context.

The multi-family investment property at 13039 Wood Street in Blue Island, IL, features twelve units. The multi-story building includes nine 2-Bedroom/1-Bathroom units and three 1-Bedroom/1-Bathroom units, totaling 10,000 square feet of gross living area within a 12,000-square-foot gross area. Situated on a 0.37-acre parcel, the property provides twelve surface parking spaces. The location in Blue Island offers convenient access to residential neighborhoods and local commercial corridors. Proximity to Western Avenue and Old Western Avenue facilitates connections throughout Blue Island and to surrounding south suburban communities. Regional access is supported by nearby Interstate 57 and I-80/I-294, enabling efficient travel to downtown Chicago, the broader South Suburban market, and major employment centers. Retail, dining, parks, and public transit options are located nearby.

Key Highlights

  • Twelve (12) Units: Featuring a mix of nine (9) 2‑Bedroom/1‑Bathroom and three (3) 1‑Bedroom/1‑Bathroom units.
  • Twelve (12) surface parking spaces available.
  • Convenient access to Western Avenue and Old Western Avenue.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm (Bike/Boat/Book/etc) Store Catering Service Computer & Electronic Repair Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

484
Businesses Nearby

Demographics for 60406, IL

24,011
Population
9,925
Households
2.4
Avg Household Size
36
Median Age
18%
College-Educated
82%
High-School Grad
5.4 sq mi
ZIP Area
4,446
Density / Sq Mi
$59,502
Median Household Income
$34,379
Median Earnings
$1,081
Median Rent
$166,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 12-unit multifamily property in Blue Island with parking.
Where is this apartment building located?
The property is located at 13039 S Wood St Blue Island, IL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Twelve (12) Units: Featuring a mix of nine (9) 2‑Bedroom/1‑Bathroom and three (3) 1‑Bedroom/1‑Bathroom units.; Twelve (12) surface parking spaces available.; Convenient access to Western Avenue and Old Western Avenue.
(312) 533-8899 Call to check price and availability
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