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$462,000
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Property Description
Presenting a 6-unit multifamily property located in the heart of Blue Island, a steadily growing suburb just minutes from Chicago. This fully occupied building features 6 solid units. 5 units are 2 beds and 1 bath. 1 unit is 1 bed and 1 bath with strong rental income and long-term tenants in place. Ideal for investors seeking immediate cash flow and future value-add potential. Blue Island is a commuter-friendly area with increasing demand for rental housing. This property offers a great opportunity for a first-time multifamily investor or a seasoned buyer looking to expand their portfolio with a turn-key asset. Financials and rent roll available upon request. Serious inquiries only. Property being sold As Is. Property has low taxes.
Full Property Details
Full Property Details for 12250 Greenwood Ave
General
- Sold For: $462,000
- Taxes: $7,360 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12414111
- Added to Site: 193 day(s) ago
Location
- Area: Blue Island
- County: Cook
- Driving Directions: 123rd st & western Av west to Greenwood north to property
Heating & Cooling
- Cooling Type: Wall Sleeve
- Heating Type: Hot Water
Structural Information
- Stories/Levels: 3
- Year Built: 1960
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 1
Lot Features
- Lot Size (Acres): 0.07
- Lot Dimensions: 40 x 120
Financial Considerations
- Operating Expenses: $24,565
- Assessment Year: 1960
- Tax Amount: $7,360
- Tax Year: 2023
- Tenant Pays: Electricity, Other
Disclosures and Reports
- Property ID: 24252230390000
Listed by Urbanitas, Inc.
Sold by eXp Realty
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Schools
Schools serving 12250 Greenwood Ave
School Districts:Cook County School District 130, Community High School District 218
| Name | Grades | Distance |
|---|---|---|
Paul Revere Intermediate School 12331 Gregory Street, Blue Island, IL 60406 | 4-5 | 0.3 mi |
Paul Revere Primary School 2300 123rd Place, Blue Island, IL 60406 | K-3 | 0.3 mi |
Veterans Memorial Middle School 12320 Greenwood Avenue, Blue Island, IL 60406 | 6-8 | 0.1 mi |
Dd Eisenhower High School (Campus) 12700 Sacramento Avenue, Blue Island, IL 60406 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 12250 Greenwood Ave
Date
Details
Price
Change
Source
10/31/2025
Sold
$462,000
2.67%
MLS
7/08/2025
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
12250 Greenwood Avenue, Blue Island, IL 60406 (MLS# 12414111) is a Commercial property that was sold at $462,000 on October 31, 2025. Want to learn more about 12250 Greenwood Avenue? Do you have questions about finding other Commercial real estate for sale in Blue Island? You can browse all Blue Island real estate or contact a Coldwell Banker agent to request more information.

