Hot 6-Unit All Brick Blue Island Property

12926 Page Ct. Blue Island IL 60406
  • $549,900
  • $91,650
  • / Unit

Hot 6-Unit All Brick Blue Island Property

12926 Page Ct. Blue Island IL 60406
Yearly Income $76,500
Yearly Expenses $30,099
Current Rents $76,500
Pro Forma Rents $93,600
  • 11
  • Bedrooms
  • 6
  • Bathrooms
  • 6145
  • Sq Ft
  • 1968
  • Year Built
  • 80%
  • Occupancy
  • 6
  • Parking
  • 3
  • Stories
  • Boiler Heat
  • Heating System
  • Varies
  • Cooling System
  • Common, Paid
  • Laundry
  • 11
  • Bedrooms
  • 6
  • Bathrooms
  • 6145
  • Sq Ft
  • 1968
  • Year Built
  • 80%
  • Occupancy
  • 11
  • Parking
  • 3
  • Stories
  • Boiler Heat
  • Heating System
  • Boiler Heat
  • Cooling System
  • Common, Paid
  • Laundry

About the property

Discover a prime investment opportunity at 12926 Page Court, Blue Island, IL, a well-maintained 6-unit multifamily property located on a quiet cul-de-sac. This property features a strong rental history, with five amazing tenants and rents currently well below market value, presenting significant income growth potential. Two units have been brought to market rent, leaving room for tremendous upside in the other units. The building is in excellent condition with regular updates, ample tenant parking and coin laundry in the building. Situated in a desirable location close to amenities, parks, schools, and public transportation, with easy access to major highways, this property ensures low vacancy risk and high demand. Don’t miss this exceptional investment opportunity to acquire a stable, income-producing asset with substantial room for growth.

About the neighbourhood

  • Welcome to Blue Island, Illinois, a charming and historically rich city located just 16 miles south of downtown Chicago. This vibrant community, established in 1835, offers a unique blend of historic charm and modern amenities, making it an ideal place to call home. Blue Island is renowned for its strong sense of community and cultural diversity. Residents enjoy a variety of annual events, festivals, and cultural celebrations that foster a welcoming and lively atmosphere. Outdoor enthusiasts will appreciate Blue Island’s abundant recreational options. The city boasts numerous parks and trails, including the popular Memorial Park, which features sports fields, playgrounds, and picnic areas. The nearby Calumet River offers opportunities for hiking, biking, and water-based activities, ensuring there is always something to do for nature lovers and active families.

Municipality - Investor Guide

Blue Island
Transfer StampsPre Sale InspectionYearly Rental Inspection
Buyer: N/ACost: -Required: YesRequired: Yes
Seller: N/ACost: -Cost: $300.00 Cost: Varies
Notes
Final reading on the water account is required to be requested at least 1 week prior to closing. Final water account payment to be paid in full prior to closing. Water Department (708) 597-8605. Any outstanding fines/liens due to the City of Blue Island are required to be paid in full prior to the closing on the property.

For a list of all Municipality requirements visit our Municipality Requirements Page

Property Documents

Rent Roll
Expense & UT
Real Estate Listing Flyer (35)

Property Financials

View current and future return metrics based on customizable inputs. "Annual Net Income", "Monthly Cash Flow", "Cash on Cash Return", "Equity Value", and "Equity Multiple" are based off of the "Year 2 Pro Forma" column inputs.

Property Current

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Year 2 Pro Forma

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Debt Service

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Mortgage Calculator

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  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
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  • Monthly HOA Fees
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Utility Table

Location
Responsibility
Meter number
Usage TTM
Rate
Common Areas
L
-
-
-
Units
T
-
-
-
Source
Commonwealth Edison
Notes
-
Location
Responsibility
Measured In
Usage TTM
Cost
Common Areas
L
Gallons
-
-
Units
L
Gallons
-
-
Source
Landlord Estimate
Notes
-
Location
Responsibility
Measured In
Usage TTM
Cost Per Unit
Common Areas
L
Therms
-
-
Units
L
Therms
-
-
Source
Landlord Estimate
Notes
-
Location
Responsibility
Container Size
Monthly Rate
Common Areas
L
6 Cubic Yards
-
Units
L
6 Cubic Yards
-
Source
Landlord Provided
Notes
-
Total Yearly Utitlity Cost:  $4,396.00

*This Utility Table does not include snow removal or lawn care costs, if any. For more details on snow/lawn expenses, see the "Expenses" attachment located under the "Property Documents" section.

Property Taxes

Currently No Tax data found for this property. Please Check back later.

Walkscore

Nearby

Arts & Entertainment
Cooking with Curves (0.6 mi)
Good 7 reviews
House of Liquid Mercury - Talent Group (0.86 mi)
Exceptional 1 reviews
Franklin Framing (1.89 mi)
Exceptional 4 reviews
Education
Burr Oak Acadeny (0.63 mi)
Poor 1 reviews
Lincoln School (0.79 mi)
Exceptional 1 reviews
Calumet Middle School (0.28 mi)
Exceptional 1 reviews
Food
J & J Fish (0.3 mi)
Average 10 reviews
Liquor Store (0.31 mi)
0 reviews
Kenny's Ribs and Chicken (0.32 mi)
Fair 35 reviews
Health & Medical
Walgreens (0.11 mi)
Fair 13 reviews
Midwest Express Clinic (0.11 mi)
Poor 1 reviews
Lee Nail Lounge (0.14 mi)
Average 18 reviews

Contact Information

Melissa Topolewski

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Property Pricing

Based on Citypoint’s communication with the seller, the price point listed is a price that the seller should be willing to transact at. Any terms for, or against, the seller can help/hurt this price level.

Many sellers have loan balances that need to be paid off at closing. If the seller’s net proceeds after commissions, taxes, closing fees, rent credits, security deposit credits, etc fall below their current loan balance the price will most likely be denied by the seller.

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Multiple bids from multiple parties may exist.

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