The median home value in Blue Island, IL is $180,000.
This is
lower than
the county median home value of $285,000.
The national median home value is $308,980.
The average price of homes sold in Blue Island, IL is $180,000.
Approximately 47% of Blue Island homes are owned,
compared to 43% rented, while
10% are vacant.
Blue Island real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Blue Island real estate agent to arrange a tour today! Learn more about Blue Island.
FOR SALE: established & operating business + property! Tire & Auto accessory store in great location- right on busy Western Ave in suburban Blue Island! Great exposure- heavy daytime traffic count. Annual Sales average $950,000/ year. Annual RE Tax is $33,048 (for 2022). NET income is $250,000/ year Asking Price for business & Property: $875,000 + Inventory Also available for sale- business only: $250,000+ Inventory
Incredible investment opportunity for savvy investors! This building is total of 5 UNITS, four units are 1/1 and one is 2/1 with living spaces ranging from 580 to 800 square feet. Many recent updates done by current owner. Schedule a showing today!
Move your business here. This industrial/warehouse property was fully redeveloped in 2023. Located in Blue Island, IL, the building contains +/-3,500 SF of warehouse and +/-500 SF of office/other. Great opportunity for an owner-user to take occupancy and hit the ground running in a brand new building. This building is currently zoned C-1. This allows for a Commercial Garage and Warehouse Building. This one story building features 16' Ceilings, Two Overhead Doors 12' high. Property Granted 6b Real Estate Tax Incentive in February-2023, which will dramatically reduce taxes for the next 9 years. Photos in listing start with current photos, followed by a detailed look at the full rehab process.
Here is a great buy for Investment. A current business is a car detail shop and a separate apartment above the Business. Big unit that could rent for at least $1800 if not more. Big area for parking cars. Great for a car dealership. This is a Short sale. So time will be needed. We have an Attny that started the paperwork with Lender. Roof is only 3 years old. Apartment pays for their own Gas and Electric. Owner occupies Business. Apartment Vacant. Expenses are for the Business only Photos to come
2423 123rd St, a multi-family real estate gem comprising nine (9) spacious units located in the Blue Island suburb of Chicago. Nestled in a strategic location, the property offers easy access to essential amenities and transportation, enhancing its appeal to potential tenants. 2423 123rd St has a desirable unit mix comprised of three (3) 3 bed/1.5 bath units and six (6) 2 bed/1.5 bath units. Additional highlights include a newer boiler and HVAC units, along with the roof being recently silver lined. Investors can gain additional income from the four (4) covered parking spaces located in the rear of the building. Positioned for substantial income potential, the current under-market rents present an immediate avenue for increasing cash flow. Furthermore, solely through improved leasing and management and bringing the rents to increased levels, a new owner will enjoy steady returns on this opportunist investment
Exceptional Investment Opportunity - 6-Unit Building with Strong Cash Flow and 8.5% Cap Rate! This fully rented 6-unit building presents a unique opportunity for investors seeking steady cash flow and long-term growth potential. It is comprised of five (5) two bed/one bath units and one (1) one bed/one bath unit. Key features include: Steady Income: Currently generating $6,380 per month in rental income; despite half the units priced below market rent. This indicates a significant upside potential for future rent as tenant's turnover. Recent Upgrades: The building has undergone substantial improvements, including recent upgrades to all common areas, units, a comprehensive upgrade to the roof, and other capital expenditures, ensuring reduced maintenance costs and enhanced property value. Turnkey Investment: As an investor, you can immediately enjoy the cash flow without the hassle of initial repairs or tenant placement. This property can be purchased as a package deal along with 12438 Fairview Ave. in Blue Island!
Great spot just off the main road. Four individual units with private offices and overhead doors.Fully leased under market rate property. Property is well maintained and managed . Easy access and a great price . Lots of upside potential. Warehouse for automotive repair, Bodyshop, distribution warehouse, small manufacturing or more.
**SOLD AS-IS**Absolutely Amazing Mixed Use Building on Busy Western Ave in Blue Island!~Over 4948 Square Feet!~ Two Apartment Units on The Second Floor Each w/2 Bedrooms and 1 Full Bath & Two Commercial Spaces on The First/Main Floor Each With Their Own Half Bathroom!~High Traffic Near Dining, Restaurants, Businesses & Up the Street from I57 & the Metra!~Perfect Location! Call Today!~This is One You Don't Want to Miss!**Click on Video and Virtual Tour To Explore!**
Completely Rehabbed Mixed use property for sale , New Roof, New Tuck Pointing , New Floors , Walls ,Paint , Plumbing & Electric . Plenty of Parking ,Extra Parking Lot East of the Building . Great Investment property .
Listings courtesy of MRED as distributed by MLS GRID
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