2550 COLLINS Street Blue Island, IL ^$ 689,000

2550 COLLINS Street

^$ 689,000

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Recently Listed

2550 COLLINS Street

Blue Island, IL, 60406

^$ 689,000

Bedrooms7 Baths0.0

Monthly Estimate*

^$ 4,759

2550 COLLINS Street, Blue Island, IL 60406 - Image 1

2550 COLLINS Street, Blue Island, IL 60406 - Image 2

2550 COLLINS Street, Blue Island, IL 60406 - Image 3

2550 COLLINS Street, Blue Island, IL 60406 - Image 4

2550 COLLINS Street, Blue Island, IL 60406 - Image 5

2550 COLLINS Street, Blue Island, IL 60406 - Image 6

2550 COLLINS Street, Blue Island, IL 60406 - Image 7

2550 COLLINS Street, Blue Island, IL 60406 - Image 8

2550 COLLINS Street, Blue Island, IL 60406 - Image 9

2550 COLLINS Street, Blue Island, IL 60406 - Image 10

Multi-Family Home for sale in Blue Island, IL

for $689,000 with 7 bedrooms. This home was built in 1970.

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!

Multi-Family Active

Price

^$ 689,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 26,367

Style

Multi-Family

Year Built

1970

Town/City

Blue Island

County/Region

Cook

MLS | Web ID

12790172

Features

General

Cooling Window Unit(s)

Utilities Sewer Connected Water Available

Possession Closing

Roof Composition

Zoning MULTI

Construction Materials Brick

Year Built 1970

Electric Circuit Breakers Fuses Separate Meters Service - 0 to 100 Amps

Tenant Pays Electricity Heat

Stories Count 2

Tax Year 2025

Current Use Multi-Family

Gross Income 121536

County Cook

Net Operating Income 109536

Operating Expense 26367

Insurance Expense 6500

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 10000

Possible Use Multi-Family

Status New

Directions 127TH TO MAPLE( 1 BLK WEST OF WESTERN) - NORTH ON MAPLE TO COLLINS( 124TH STREET)

City Blue Island

Number Of Units Total 10

MLS Area Blue Island

Tax Annual Amount 26367

Electric Expense 650

Fuel Expense 1500

Trash Expense 1700

Water Sewer Expense 3280

Additional Parcels Y/N N

Standard Status Active

Interior

Basement Partially Finished

Exterior

Water Source Municipal Water

Foundation Details Concrete Perimeter

Lot Dimensions 150X60.1

Frontage Type City Street

* Excluded Features

List By

Royal Family Real Estate

Broker

IShowHomes@yahoo.com

Affordability Calculator

$6,956

Per Month

Monthly Principal & Interest: $4,759
Monthly Property Taxes: $2,197
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Blue Island, IL

Average List Price ^$452,900

Percent of Sale Price 34%

About Blue Island, IL

23,266 Population

-2% Since 2002

^$41,392 Median Income

33.79 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/29/2026	$689,000		Listed Price

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2550 COLLINS Street, Blue Island, IL, 60406 is a Multi-Family Home for sale at $689,000. 2550 COLLINS Street has 7 bedrooms, 0.0 baths, and was built in 1970. The property's zip code is 60406 which is in Blue Island, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Data is updated as of 10/30/2026.

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2550 COLLINS Street

Multi-Family Home for sale in Blue Island, IL

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