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$689,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • Updated 1 day ago
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Great investment opportunity in the heart of Blue Island! This free-standing 10-unit apartment building features ten 1-bedroom, 1-bathroom units with spacious layouts and newer carpeting throughout. Situated on a desirable corner lot, the property offers convenient access to major highways, shopping, and public transportation. The well-maintained building also includes with space ready for washer and dryer installation. An excellent opportunity for investors looking to own a multi-unit property with income-producing potential. The motivated seller is willing to consider all reasonable offers. Add this income-generating property to your investment portfolio!

Full Property Details for 2550 Collins St

General

  • Price: $689,000
  • HOA FEE: $10,000
  • Taxes: $26,367 (2025)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12790172
  • Updated: 10/29/2026
  • Added to Site: 3 day(s) ago

Interior

  • Basement: Partially

Additional Information

  • Security/Safety: Smoke or Fire Protectors

Location

  • Area: Blue Island
  • County: Cook
  • Driving Directions: 127TH TO MAPLE( 1 BLK WEST OF WESTERN) - NORTH ON MAPLE TO COLLINS( 124TH STREET)

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Steam

Utilities

  • Water: Municipal Water
  • Trash: 1700
  • Onsite: Sewer Connected, Water Available

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Partially Finished
  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Stories/Levels: 2
  • Current Bldg. Use: Multi-Family
  • Year Built: 1970
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 10
  • Units w/Range/Oven: 10

Lot Features

  • Lot Dimensions: 150 x 60.1
  • Frontage: City Street
  • Potential Use: Multi-Family
  • Zoning: MULTI

Financial Considerations

  • Maint. Fee: $10,000
  • Insurance Fee: $6,500
  • Operating Expenses: $26,367
  • Other Fee: $350
  • Security Deposit: Smoke or Fire Protectors
  • Assessment Year: 1970
  • Tax Amount: $26,367
  • Tax Year: 2025
  • Tenant Pays: Electricity, Heat
  • Pays Electric: 650
  • Pays Trash: 1700

Disclosures and Reports

  • Property ID: 24254100100000

Listed by Royal Family Real Estate

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Listing agents

— 2550 Collins St —

  • Royal Family Real Estate

  • Royal Family Real Estate

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 2550 Collins St

School Districts:Cook County School District 130, Community High School District 218
NameGradesDistance
Paul Revere Intermediate School
12331 Gregory Street, Blue Island, IL 60406
4-50.4 mi
Paul Revere Primary School
2300 123rd Place, Blue Island, IL 60406
K-30.4 mi
Veterans Memorial Middle School
12320 Greenwood Avenue, Blue Island, IL 60406
6-80.1 mi
Dd Eisenhower High School (Campus)
12700 Sacramento Avenue, Blue Island, IL 60406
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2550 Collins St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/29/2026
Listed
$689,000
43.54%
MLS
4/01/2003
Sold
$480,000
—
Public Record
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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 for 2550 Collins St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,240
-1%
$31,798
—
2023
$12,380
13%
$31,797
39%
2022
$10,943
-14%
$22,918
-19%
2021
$12,726
3%
$28,261
—
2020
$12,377
58%
$28,261
63%
2019
$7,835
5%
$17,388
—
2018
$7,488
-1%
$17,388
—
2017
$7,582
1%
$17,388
6%
2016
$7,527
3%
$16,481
—
2015
$7,324
-14%
$16,481
-15%
2014
$8,498
26%
$19,497
17%
2013
$6,747
4%
$16,686
—
2012
$6,480
—
$16,686
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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2550 Collins Street, Blue Island, IL 60406 (MLS# 12790172) is a Commercial property. 2550 Collins Street is currently listed for $689,000 and was received on October 29, 2026. Want to learn more about 2550 Collins Street? 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.

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