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10-Unit Brick Apartment Building
New
For Sale
$689,000

2550 COLLINS Street, Blue Island, IL 60406

Commercial Sale, Blue Island, IL

Property SizeContact for details
Days on Market3

Property Features for 2550 COLLINS Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 28
Bathrooms 28
Full bathrooms 28
Rooms Bathroom 6, Bedroom 3, Bathroom 22, Bathroom 27, Bedroom 1, Bathroom 11, Bathroom 19, Bedroom 15, Bedroom 22, Bedroom 6, Bathroom 25, Bedroom 28, Bedroom 23, Bathroom 24, Bathroom 9, Bedroom 4, Bedroom 5, Bedroom 24, Bathroom 4, Bathroom 3, Bathroom 20, Bedroom 9, Bathroom 16, Bedroom 19, Bedroom 13, Bedroom 7, Bathroom 23, Bathroom 18, Bedroom 21, Bedroom 12, Bedroom 20, Bathroom 10, Bedroom 2, Bedroom 10, Bathroom 28, Bathroom 8, Bedroom 17, Bedroom 11, Bedroom 18, Bathroom 2, Bathroom 14, Basement, Bedroom 26, Bathroom 1, Bathroom 13, Bedroom 27, Bathroom 7, Bedroom 14, Bedroom 25, Bedroom 16, Bathroom 21, Bedroom 8, Bathroom 26, Bathroom 17, Bathroom 5, Bathroom 12, Bathroom 15
Basement Partially Finished
Directions 127TH TO MAPLE( 1 BLK WEST OF WESTERN) - NORTH ON MAPLE TO COLLINS( 124TH STREET)
Subdivision Blue Island
Standard status Active
APN 24254100100000

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 26367

Utilities

Utilities Water Available
Cooling system Window Unit(s)

Amenities

washer/dryer hookup

Building Details

Year built 1970
Floors in Building 2
Number of units 10
Building materials Brick
Roof type Composition
Buildings 1
Listing Agency: Royal Family Real Estate
Listed By: Pradeep Singh · License #475160836
Added: Oct 29 Last Checked: Oct 31 at 10:06PM
MLS# 12790172

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.

Rey
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Investment Insights

Based on property information with market context.

This 10-unit apartment building contains ten one-bedroom, one-bathroom residences, each with newer carpeting. The brick structure was built in 1970 and has window-unit cooling. Space is available for washer and dryer installation, and water service is available. MULTI zoning is listed for the property.

The building occupies a corner lot in Blue Island, Illinois. Its location provides access to major highways, shopping, and public transportation.

Key Highlights

  • 10 apartments, each configured with 1 bedroom and 1 bathroom
  • Brick building constructed in 1970
  • Corner‑lot location in Blue Island, IL

Property Analytics

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Lease Details

10
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

769
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - A corner-lot property offers ten one-bedroom apartments and space prepared for washer and dryer installation.
Where is this apartment building located?
The property is located at 2550 COLLINS Street Blue Island, IL.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: 10 apartments, each configured with 1 bedroom and 1 bathroom; Brick building constructed in 1970; Corner‑lot location in Blue Island, IL
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