Nine-Unit Multifamily
For Sale
$795,000
2423 W 123rd St, Blue Island, IL 60406
Well-maintained nine-unit multifamily property built with flexicore construction.
Property Size9,000 SF
Days on Market17
Property Features for 2423 W 123rd St
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Multifamily
Additional Details
Cap Rate
8.51%
Multifamily Units
9
Amenities
Flexicore Construction
Significant Upside in Rents
Strong Transit-Oriented Location Near Metra Station and PACE Bus Stops
Desirable Unit Mix of Two-Bedroom and Three-Bedroom Units
Upgraded Units include New Bathroom Fixtures, Carpet & A/C Units
Each Unit has Washer & Dryer Hook-Ups
Building Details
Building Size
9,000 SF
Units
9
Construction
flexicore construction
Tenancy
Multi
Listing Agency:
Chicago Oak Brook Office
(630) 570-2230
Listed By:
Ryan Engle · License #License(s): IL: 475.143971
(630) 570-2230
Source:
Marcusmillichap
Added: Jul 26
Changed: Aug 8
Last Checked: Aug 10 at 2:25AM
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 Chicago Oak Brook Office
Investment Insights
Based on property information with market context.
Marcus & Millichap has been selected to exclusively market this nine-unit multifamily property at 2423 123rd Street in Blue Island, Illinois. The building is described as well-maintained and constructed using flexicore construction.
The property is positioned near the Metra station and PACE bus stops, providing transit-oriented accessibility for residents.
This is a multifamily income asset offering a straightforward nine-unit configuration for an investor seeking a well-kept building in a transit-accessible area.
The property is positioned near the Metra station and PACE bus stops, providing transit-oriented accessibility for residents.
This is a multifamily income asset offering a straightforward nine-unit configuration for an investor seeking a well-kept building in a transit-accessible area.
Key Highlights
- Nine‑unit multifamily property at 2423 123rd Street in Blue Island, IL
- Well‑maintained building constructed using flexicore construction
- Near Metra station and PACE bus stops for transit‑oriented accessibility
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
542
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained nine-unit multifamily property built with flexicore construction.
Where is this apartment building located?
The property is located at 2423 W 123rd St Blue Island, IL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Nine‑unit multifamily property at 2423 123rd Street in Blue Island, IL; Well‑maintained building constructed using flexicore construction; Near Metra station and PACE bus stops for transit‑oriented accessibility
