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    Blue Island, IL Multifamily Properties for Sale

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    Posen, IL Riverdale, IL Robbins, IL
    27 properties
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    Studio Apartment Building
    Updated: Jun 16
    Studio Apartment Building

    184 W 147th Street, Harvey, IL 60426

    $1,100,000
    0.33 AC lot
    20‑unit studio apartment building built in 1964 in Harvey, IL
    Located on busy 147th Street with approximately 23,000 vehicles per day
    Owned and maintained by the same ownership since 2012
    Current rents average approximately $750 per month with potential for future growth
    Parking lot repaving to be completed prior to closing or a credit provided to the purchaser
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    Six-Unit Apartment Building
    Updated: Jun 28
    Six-Unit Apartment Building

    2526 Broadway Street, Blue Island, IL 60406

    $459,900
    0.77 AC lot
    Multi‑unit property built in 1925 with brick and concrete construction materials
    Unit mix includes five 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit
    Each unit has its own furnace and hot water heater, with heating, electric, and hot water paid by tenants
    Finished basement plus private parking lot
    Updates include new windows and new cabinets
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    Updated Two-Flat Multifamily
    Updated Two-Flat Multifamily

    2718 Union Street, Blue Island, IL 60406

    $284,900

    Move-in-ready two-unit building with in-unit laundry, full basement storage, and paved backyard parking.

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    Four-Unit Income Property with Garage
    Four-Unit Income Property with Garage

    15736 Lathrop Avenue, Harvey, IL 60426

    $180,000

    Rented quadplex with side lot, oversized two-car garage, and five electrical meters for flexible utility billing.

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    Blue Island Multifamily Investment Opportunity
    Blue Island Multifamily Investment Opportunity

    12934 Page Court, Blue Island, IL 60406

    $529,000

    Six-unit building with value-add potential in Blue Island, Illinois.

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    Three-Unit Multifamily Property
    Three-Unit Multifamily Property

    1917 High Street, Blue Island, IL 60406

    $350,000

    Well-maintained three-unit building with updated kitchen cabinets and a roof replacement about eight years ago.

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    Upgraded 6-Unit Multifamily Building
    Upgraded 6-Unit Multifamily Building

    12909 Page Street, Blue Island, IL 60406

    $609,900

    Six-unit building with updated kitchens and bathrooms plus recent roof, masonry, and parking improvements.

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    Blue Island Multifamily Investment
    Blue Island Multifamily Investment

    1949 BURR OAK Avenue, Blue Island, IL 60406

    $209,900

    Multifamily property with income potential near I-57 and I-294.

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    Blue Island Multifamily Investment Opportunity
    Blue Island Multifamily Investment Opportunity

    13039 S Wood St, Blue Island, IL 60406

    $900,000
    12,000 sqft · 0.37 AC lot

    12-unit multifamily property in Blue Island with parking.

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    Blue Island Multifamily Investment Opportunity
    Blue Island Multifamily Investment Opportunity

    2412 HIGH Street, Blue Island, IL 60406

    $200,000
    0.09 AC lot

    Two-unit property in Blue Island, ready for renovation.

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    Spacious Harvey Two-Unit Property
    Spacious Harvey Two-Unit Property

    15616 Loomis Avenue, Harvey, IL 60426

    $109,900
    0.07 AC lot

    Two-unit property with hardwood floors and separate utilities.

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    Harvey Multifamily Investment Opportunity
    Harvey Multifamily Investment Opportunity

    15633 Lexington Avenue, Harvey, IL 60426

    $499,999

    Six-unit brick building with income and value-add potential.

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    Studio Apartment Building with Parking
    Studio Apartment Building with Parking

    184 W 147TH ST, Harvey, IL 60426

    $1,100,000
    6,686 sqft

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

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    Mixed-Use Building with Extra Lot
    Mixed-Use Building with Extra Lot

    13341 Olde Western Avenue, Blue Island, IL 60406

    $375,000
    0.15 AC lot

    Two-story building with retail, apartment, lot, and income.

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    Well-Maintained Multi-Family Investment Opportunity
    Well-Maintained Multi-Family Investment Opportunity

    12815 Clinton Street, Blue Island, IL 60406

    $250,000
    1,000 sqft · 0.14 AC lot

    Two-unit building with updates, flexible occupancy, and income potential.

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    Blue Island Multifamily Investment Property
    Blue Island Multifamily Investment Property

    12456 Fairview Avenue, Blue Island, IL 60406

    $545,000

    Six-unit multifamily property in a good rental area.

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    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    15416 MYRTLE Avenue, Harvey, IL 60426

    $95,000

    Two units with 3 bedrooms and 1 bath each, plus an unfinished basement for storage or future improvements.

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    Blue Island Multifamily Investment
    Blue Island Multifamily Investment

    12452 Fairview Avenue, Blue Island, IL 60406

    $545,000

    Six-unit multifamily property in a good rental area.

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    Mixed-Use Property in Downtown Harvey
    Mixed-Use Property in Downtown Harvey

    Dixmoor, IL 60426

    $350,000
    12,000 sqft

    Mixed-use property with retail and multi-family units in Harvey, Illinois.

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    COMMERCIAL - Blue Island, IL
    COMMERCIAL - Blue Island, IL

    13341 Olde Western Ave, Blue Island, IL 60406

    $375,000
    0.15 AC lot

    Two-story building with retail, apartment, lot, and income.

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    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    630 Belle Court, Phoenix, IL 60426

    $32,000

    Two-unit residential income property sold as-is, requiring full rehab and subject to municipal or code compliance requirements.

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    Four-Unit Income Property with Garage
    Four-Unit Income Property with Garage

    15736 Lathrop Avenue, Harvey, IL 60426

    $180,000

    Four rented units in Harvey with a side lot and a large two-car garage featuring eight-foot doors.

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    Six-Unit Multifamily in Blue Island
    Six-Unit Multifamily in Blue Island

    12456 Fairview Avenue, Blue Island, IL 60406

    $545,000

    Fully rented six-unit multifamily property in a good rental area.

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    Six-Unit Multifamily Investment Opportunity
    Six-Unit Multifamily Investment Opportunity

    12452 Fairview Avenue, Blue Island, IL 60406

    $545,000

    Fully rented six-unit multifamily property near I-57 and I-294.

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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 27 active listings on our real estate platform. These investment opportunities span a total of 216,072 square feet of properties for sale, with an estimated market value of $28,289,900.

    Sale prices for multifamily properties in Blue Island, IL start at $250,000, averaging $4,041,414, and reaching up to $24,500,000 — 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

    Apartment buildings 10
    Duplexes 2
    Triplexes 1

    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 $2M

    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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    Most Searched ZIP Codes in Blue Island, IL

    • 60406
    • 60426

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