2336 Union Street

    Blue Island, IL 60406
    • $490,000
    • STATUS: Active
    • ON SITE: 26 days
    • MLS #: 10524550
    UPDATED: 13 min ago
    $490,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,200
      SQFT
    • $53
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:
    Area:

    School Ratings & Info

    Description

    Union Street Condominiums provides an investor an excellent opportunity to acquire 7 units and control the overall managment through the Condo Association in this 12 unit condo building. The current rents and operational efficiencies provide an above average ROI and good cash flow. Units included are 2,3,4,6 on the first floor and 9,10,12 on the second floor. Capital Improvements completed include the boiler in 2016, water heater in 2012, roof repairs/maintenance 2019, Parking lot seal coating in 2018, Balcony painting in 2018, New sidewalk at the west side of building in 2017, windows, kitchens and bathrooms have been updated. Good property for deconversion which will likely lower property taxes overall. Current rents are trending up.

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Property Consultants Realty. Based on information submitted to the MRED as of 2019-10-17T09:51:26.777 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.propertyconsultants.com/homes/99177479

    2336 Union Street Blue Island, IL 60406

    • Price: $490,000
    • Status: Active
    • Updated: 13 min ago
    • MLS #: 10524550
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    9,200
    SQFT
    $53
    $/SQFT
    1970
    Built
    Neighborhood:
    Blue Island
    County:
    Cook
    Area:
    Blue Island
    Property Description
    Union Street Condominiums provides an investor an excellent opportunity to acquire 7 units and control the overall managment through the Condo Association in this 12 unit condo building. The current rents and operational efficiencies provide an above average ROI and good cash flow. Units included are 2,3,4,6 on the first floor and 9,10,12 on the second floor. Capital Improvements completed include the boiler in 2016, water heater in 2012, roof repairs/maintenance 2019, Parking lot seal coating in 2018, Balcony painting in 2018, New sidewalk at the west side of building in 2017, windows, kitchens and bathrooms have been updated. Good property for deconversion which will likely lower property taxes overall. Current rents are trending up.
    Exterior Features

    Construction Brick Lot Dimensions 50 X 163 Lot Sq Ft 8150 Number Of Parking Spaces 6

    Interior Features

    Air Conditioning Wall Sleeve Basement Description Unfinished Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 1 Number Of Bedrooms Unit2 0 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Full Bathrooms Type1 1 Number Of Ranges 7 Number Of Refrigs 7 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 4 Number Of Rooms Unit2 0 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Stories 2 Number Of Units Apt Type1 7 Number Of Units Apt Type2 0 Number Of Units Apt Type3 0 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Outdoor Parking 6-12 Spaces Repairs Decor Expense 1000

    Property Features

    Age 36-50 Years Built Before1978 YN Yes Electric Expense Source Actual Electrical Service Circuit Breakers Electricity Expense 480 Expense Year 2018 Exterior Building Type Brick Fuel Expense 3600 Fuel Expense Source Actual Gross Rental Income Amount 71400 Heat Ventilation Central Bldg Heat Insurance Expense 2040 Insurance Expense Source Actual Janitor Expense 0 Monthly Income Max1 900 Net Oper Income Amount 48201 Net Operating Income Year 2018 Number Of Window Ac 7 Other Expense Source Actual Other Expenses 840 Owners Assoc YN Yes Tax Year 2018 Taxes 9800 Tenant Pays ElectricOther Total Annual Exp 16729 Total Annual Expense Source Actual Total Annual Income 78300 Total Monthly Income 5950 Township Bremen Type Multi Family Condo/Townhouse Water Expense 2400 Water Expense Source Actual Zoning Type Multi

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Coldwell Banker Residential.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Property Consultants Realty. Based on information submitted to the MRED as of 2019-10-17T09:51:26.777 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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