2053 135Th St Blue Island, IL 60406
- Apartment buildings
- 5,000 SF
Current Use by Public Records
- Apartment buildings
Property Details for 2053 135Th St
- Property size
- 5,000 SF
- Property type
- Apartment buildings
Description
This exceptional six-unit apartment building, located at 2053 W 135th St in Blue Island, Illinois (APN 29-06-102-037), presents a compelling investment opportunity. The property boasts a total of 5,000 square feet and offers a strong net operating income (NOI) of $44,362.60, translating to an attractive 8.00% capitalization rate. The asking price is $510,000. The building comprises five two-bedroom units and one one-bedroom unit. Significant renovations have been undertaken, with four units featuring brand new kitchens, bathrooms, flooring, and appliances. The remaining units offer considerable potential for value enhancement through future upgrades. The property benefits from very strong gross rents, indicating a stable and potentially growing income stream. The seller is highly motivated, and the price has recently been reduced by nearly 10%, making this an exceptional opportunity for investors seeking a solid return in a desirable location. This property is situated in Cook County, Illinois, zip code 60406.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Blue Island
- County
- Cook
- State
- Illinois
- Longitude
- -87.6713
- Latitude
- 41.648
