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2121 Canal Street, Blue Island, IL 60406
$344,000
2121 Canal Street, Blue Island, IL 60406View this property at 2121 Canal Street, Blue Island, IL 60406
2121 Canal StreetBlue IslandIL60406
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Property 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.
Full Property Details
Full Property Details for 2121 Canal St
General
- Sold For: $344,000
- Taxes: $8,226 (2021)
- Status: Closed
- Type: Multi-Family
- MLS ID: 11766826
- Added to Site: 368 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Parking
- Parking Type: None
Location
- Area: Blue Island
- County: Cook
- Driving Directions: From downtown Chicago, take the I-94 East expressway towards Indiana. Merge onto I-57 South and continue for approximately 6 miles. Take exit 348 for 119th St and turn left onto W 119th St. Continue on 119th St for approximately 4 miles, then turn right onto Western Ave. After about half a mile, turn left onto 127th St. Continue on 127th St for approximately 1.5 miles, then turn right onto Canal St. 2121 Canal St should be on your left, after about half a mile.
School Information
- School District: 218
- Midd School District: 218
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan
Structural Information
- Exterior Const.: Brick
- Basement Desc.: None
- Year Built: 1963
- Built Before 1978: Yes
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 70 x 100
Financial Considerations
- Assessment Year: 1963
- Tax Amount: $8,226.4
- Tax Year: 2021
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 25313420210000
Listed by Brookline Real Estate LLC
Sold by CZH Properties
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Schools
Schools serving 2121 Canal St
School Districts:Cook County Sd 130, Community High School District 218
Rating | Name | Grades | Distance |
---|---|---|---|
2140 Broadway St, Blue Island, IL 60406 | K-3 | 0.1 mi | |
13043 Maple Ave, Blue Island, IL 60406 | 4-5 | 0.6 mi | |
Greenwood School
12418 Highland Ave, Blue Island, IL 60406 | K-K | 1.3 mi | |
12915 Maple Ave, Blue Island, IL 60406 | 6-8 | 0.7 mi | |
12700 Sacramento Ave, Blue Island, IL 60406 | 9-12 | 1.3 mi | |
Greenbriar School
12015 Maple Ave, Blue Island, IL 60406 | PK-8 | 1.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2121 Canal St
Date
Details
Price
Change
Source
7/14/2023
Sold
$344,000
1.47%
MLS
4/24/2023
Listed
$339,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2121 Canal Street, Blue Island, IL 60406 (MLS# 11766826) is a Multi-Family property that was sold at $344,000 on July 14, 2023. Want to learn more about 2121 Canal Street? Do you have questions about finding other Multi-Family 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.