Blue Island, IL Multifamily Properties for Sale

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Posen, IL Riverdale, IL South Holland, IL Robbins, IL Dolton, IL Markham, IL Midlothian, IL Hazel Crest, IL

36 properties

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Updated: Jun 16

20-Unit Studio Apartment Building

184 W 147th Street, Harvey, IL 60426

$1,100,000

0.33 AC lot

20‑unit studio apartment building on 0.33 acres
MULTI zoning supports multifamily use
Built in 1964 with 20 bathrooms
Located along 147th Street with approximately 23,000 vehicles per day
Access to Interstates 57, 80, 94, and 294

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Updated: Jul 1

6-Unit Apartment Building with New Roof

2836 Minnesota Avenue, Blue Island, IL 60406

$699,000

0.17 AC lot

Six‑unit mix includes four 2‑bedroom apartments and two 1‑bedroom apartments
Brick construction with a roof installed in 2023
Each apartment has its own electric panel, thermostat, stove, refrigerator, and window air conditioner
Common laundry room flooring updated in 2024 with coin‑operated washer and dryer
Six separate tenant storage lockers plus a rear storage shed

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Six-Unit Apartment Building

2526 Broadway Street, Blue Island, IL 60406

$459,900

0.77 AC lot

Brick multifamily property with a finished basement and private parking lot.

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Studio Apartment Building with Parking

184 W 147TH ST, Harvey, IL 60426

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6,686 sqft

20-unit studio apartment building near major interstates, with a recently repaved asphalt parking lot.

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Rehabilitated 6-Unit Apartment Building

15633 Lexington Avenue, Harvey, IL 60426

$499,999

0.20 AC lot

Three-story brick property offers leased apartments plus a finished garden-level space outside the legal unit count.

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Brick Two-Unit Duplex

2412 HIGH Street, Blue Island, IL 60406

$175,000

0.09 AC lot

Fully gutted interior awaits renovation and final build-out.

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4-Unit Brick Quadplex

272 E 148th Street, Harvey, IL 60426

$250,000

Two-story multifamily property with a finished basement, separate utilities, and dedicated laundry facilities.

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Blue Island Multifamily Investment Opportunity

13039 S Wood St, Blue Island, IL 60406

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12,000 sqft 0.37 AC lot

12-unit multifamily property in Blue Island with parking.

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Updated Brick Duplex

15711 Dixie Highway, Harvey, IL 60426

$299,000

Two residential units combine renovated interiors with updated building systems and separate living spaces.

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3-Unit Brick Triplex

16609 Emerald Avenue, Harvey, IL 60426

$280,000

Brick multifamily property with a studio and two two-bedroom units.

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Nine-Unit Multifamily Building

2423 W 123rd St, Blue Island, IL 60406

$775,000

Well-maintained nine-unit multifamily property built with flexicore construction.

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Four-Unit Property with Garage

15736 Lathrop Avenue, Harvey, IL 60426

$180,000

Rented multifamily building with a newer oversized garage, separate utility metering, and an additional side lot.

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Six-Unit All-Brick Apartment Building

12934 Page Court, Blue Island, IL 60406

$529,000

Fully occupied multifamily property with long-term tenants, off-street parking, and a shared laundry area.

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6-Unit Multifamily Property

13507 Seeley Ave, Blue Island, IL 60406

$518,000

Well-maintained apartment property with six residential units in Blue Island, Illinois.

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Corner-Lot Duplex

15144 9th Avenue, Phoenix, IL 60426

$125,000

Two-unit residential property with an adjoining oversized parcel and established occupancy.

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Brick Multifamily Property

15620 Loomis Avenue, Harvey, IL 60426

$230,000

Income-producing residential property with hardwood floors, basement space, enclosed yard, and on-site parking.

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6-Unit Apartment Building

15633 Lexington Avenue, Harvey, IL 60426

$499,999

Fully leased masonry property with renovated apartments and a finished, nonlegal garden-level space.

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Duplex With Six-Car Garage

12815 Clinton Street, Blue Island, IL 60406

$250,000

0.14 AC lot

Two-unit property with a vacant lower residence and a month-to-month upper tenancy.

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9-Unit Apartment Building

13043 S Wood St, Blue Island, IL 60406

$747,000

Multifamily property available for sale in Blue Island, Illinois.

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Triplex with Two-Car Garage

1949 BURR OAK Avenue, Blue Island, IL 60406

$209,900

Three-unit property with separate rental spaces, mixed heating systems, and an attached garage.

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6-Unit Apartment Building

2526 Broadway Street, Blue Island, IL 60406

$459,900

Six residential units with tenant-paid utilities, updated windows and cabinets, a finished basement, and private parking.

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Six-Unit Multifamily Building

12909 Page Street, Blue Island, IL 60406

$609,900

Multifamily property with updated interiors, refreshed site improvements, and access to shopping, transit, and I-57.

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Two-Unit Duplex Requiring Rehabilitation

2340 Walnut Street, Blue Island, IL 60406

$125,000

As-is duplex with two matching residential units and newer windows on both upper levels.

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Updated Two-Unit Duplex

2718 Union Street, Blue Island, IL 60406

$284,900

Two residential units provide matching two-bedroom layouts, in-unit laundry, basement storage, and paved backyard parking.

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Blue Island, IL Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Blue Island, IL, showcased through 36 active listings on our real estate platform. These investment opportunities span a total of 27,286 square feet of properties for sale, with an estimated market value of $11,029,298.

Sale prices for multifamily properties in Blue Island, IL start at $48,000, averaging $393,903, and reaching up to $1,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 25K

Population Growth (5Y) -1.5%

Median Household Income $59,502

College Educated 25.6%

High-Yield Neighborhoods for Investment

Identify Blue Island submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60406	$442.3K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cook County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Blue Island fall within the 10,000 to 25,000 square foot range.

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