12413 MAPLE Avenue Blue Island, IL 60406
Other
MLS #: 12443193
Courtesy Of Village Realty
Property InformationDescription
SOLID ALL-BRICK 6 UNIT BUILDING OFFERING A PRIME VALUE-ADD OPPORTUNITY WITH STRONG POTENTIAL FOR HIGHER MARKET RENTS, MAKING THIS A PROFITABLE INVESTMENT. ONLY ONE UNIT VACANT. PROPERTY FEATURES ONE 2-BEDROOM, 1-BATH UNIT AND FIVE 1-BEDROOM, 1 BATH UNITS. EACH UNIT INCLUDES A RANGE & REFRIGERATOR. RECENT IMPROVEMENTS INCLUDE NEW ROOF (2014), EXTERIOR TUCKPOINTING (2023), NEW EAVES AND GUTTER GUARDS (2020), AND NEW STORM DOORS (2023). BOILER IS MAINTAINED ANNUALLY & IN GOOD CONDITION. FOUR UNITS HAVE BEEN RENOVATED IN THE LAST 5 YEARS. TENANTS PAY FOR ELECTRIC. COMMON LAUNDRY ROOM WITH COIN OPERATED WASHER & DRYER OWNED BY THE SELLERS WITH POTENTIAL FOR ADDITIONAL INCOME. PROFORMA CAP RATE WITH MARKET RENTS IN PLACE IS AN IMPRESSIVE 13%.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 6
- MLSID: 12443193
MAP & DIRECTIONS
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