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$575,000 Just Listed
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Property Description
Excellent Investment Opportunity | Income-Producing 6-Unit Multifamily Property Fantastic opportunity to own a well-maintained, income-producing 6-unit multifamily building in a convenient Blue Island location! Situated near shopping, dining, retail amenities, and major highways, this property offers excellent accessibility and strong investment potential. The building features 4 above-grade units and 2 spacious basement units, both offering large windows and plenty of natural light. Additional amenities include a dedicated laundry room in the basement and professional property management. With 5 currently occupied units and 1 vacant unit, this property provides immediate rental income with excellent potential for additional revenue. Offering a solid investment opportunity with plenty of upside, this property is ideal for investors looking to expand their portfolio with a well-established multifamily asset. Current rent rolls and a detailed Offering Memorandum are available upon request. Don't miss this excellent investment opportunity! Schedule your private showing today and discover everything this property has to offer!
Full Property Details
Full Property Details for 12438 Fairview Ave
General
- Price: $575,000
- HOA FEE: $1,200
- Taxes: $16,352 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12791500
- Updated: 10/26/2026
- Added to Site: 1 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s), Carbon Monoxide Detector(s)
Location
- Area: Blue Island
- County: Cook
- Driving Directions: 12438 Fairview Ave, Blue Island, IL 60406
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Gas
Utilities
- Trash: 2400
Structural Information
- Stories/Levels: 2
- Year Built: 1962
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 1
Lot Features
- Lot Dimensions: lESS than 2.5 ACRES
Financial Considerations
- Maint. Fee: $1,200
- Insurance Fee: $5,052
- Operating Expenses: $16,352
- Security Deposit: Fire Extinguisher/s, Carbon Monoxide Detector(s)
- Assessment Year: 1962
- Tax Amount: $16,352
- Tax Year: 2025
- Tenant Pays: Electricity
- Pays Electric: 324
- Pays Trash: 2400
Disclosures and Reports
- Property ID: 24254080270000
Listed by ERA Naper Realty, Inc.
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Price & Sales History for 12438 Fairview Ave
Date
Details
Price
Change
Source
10/25/2026
Listed
$575,000
27.78%
MLS
1/10/2022
Sold
$450,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 12438 Fairview Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$16,352
—
$42,000
—
2023
$16,352
48%
$41,999
82%
2022
$11,035
6%
$23,111
—
2021
$10,407
3%
$23,111
—
2020
$10,122
6%
$23,111
9%
2019
$9,575
5%
$21,251
—
2018
$9,152
-15%
$21,251
-14%
2017
$10,716
24%
$24,573
30%
2016
$8,664
3%
$18,971
—
2015
$8,430
2%
$18,971
—
2014
$8,269
-21%
$18,971
-26%
2013
$10,414
4%
$25,753
—
2012
$10,002
—
$25,753
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 12438 Fairview Ave
12438 Fairview Avenue, Blue Island, IL 60406 (MLS# 12791500) is a Commercial property. 12438 Fairview Avenue is currently listed for $575,000 and was received on October 25, 2026. Want to learn more about 12438 Fairview 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.

