Listed by Ruben Vallejoof Village Realty, Inc.
Bought with Joseph Batliner of Listing Leaders Northwest, Inc

$345,000

Est. payment -/mo

$339,900

1.5%

Est.Price: ?

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12413 MAPLE Avenue Blue Island, IL 60406

SOLD DATE : 09/19/2025

Key Details

Sold Price $345,000

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12443193

Year Built 1961

Annual Tax Amount $12,458

Tax Year 2023

Property Sub-Type Multi Family 5+

Property Description

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%.