2121 Canal St, Blue Island, Illinois, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$339,000

2121 Canal St
Blue Island, Illinois, United States

8bd 4ba

Listed By: Realtyww Info

Listed On: 04/30/2023

Listing ID: GL10668678 View More Details

Description

As-Is Sale. Brookline Real Estate is proud to present the multifamily asset at 2121 Canal Street in Blue Island, IL. The property consists of four apartments. All units are two-bedroom/one-bath. The property is leased to a mix of new and longer-term tenants. 2121 Canal Street will effectively provide an investor with a stabilized asset featuring four tenants. Multiple units have been renovated, and additional value can be added through updating the remaining units to collect higher rents. The property sits on a quiet residential block near Lincoln Elementary School. The building is located across the Little Calumet River from downtown Blue Island and the Olde Western Avenue Historic District featuring several retail shops and restaurants. 2121 Canal Street is located three blocks from the Blue Island Metra station and is in close proximity to the Western Avenue Pace bus stop. This asset is being offered at a 7.30% CAP rate with tremendous cash flow and future upside.

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Listed by: Brookline Real Estate Llc