2836 Minnesota Avenue Blue Island, IL $ 699,000
2836 Minnesota Avenue
$ 699,000
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2836 Minnesota Avenue

Blue Island, IL, 60406
$ 699,000
Bedrooms3 Baths0.0 Sq 6,227

Monthly Estimate*

$ 4,414

2836 Minnesota Avenue, Blue Island, IL 60406 - Image 1
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2836 Minnesota Avenue, Blue Island, IL 60406 - Image 10
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Multi-Family Home for sale in Blue Island, IL

for $699,000 with 3 bedrooms. This 6,227 square foot home was built in 1972 on a lot size of 0.172016.

Nestled in quiet neighborhood section of Blue Island. This 6-unit building features four 2 Bedroom apartments and two 1-bedroom apartments. Building is very well maintained and cared for. Secure front entry leads to common hallway to each apartment which each tenant would grant access to visitor. Each unit has their own electric panel with circuit breakers and thermostat as well as kitchen appliances (stove & refrigerator) and air conditioners. There is a common laundry room on the ground floor with coin operated washer & dryer. Laundry room was updated in 2024 with new floors. There are also 6 separate storage lockers for each tenant. Building has hot water heat. The hot water heater was installed in 2021. The roof is new as it was installed in 2023. Four apartments have some updated features such as newer vanities, countertop and other improvements. There is parking in the rear of building for 6 cars as well as a side drive that can accommodate additional parking if needed. A large storage shed is in back for storage of maintenance equipment or common storage and a small makeshift patio for tenants to enjoy outdoor space or can also be converted to additional parking. This is a great investment opportunity to purchase a fully rented apartment building with long term tenants in a well taken care of structurally sound building. Whether you are a new or seasoned investor, this can be a perfect fit to your real estate portfolio.

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Multi-Family Active

Price

$ 699,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 19,059

Style

Multi-Family

Lot Size

0.172016

Year Built

1972

Town/City

Blue Island

County/Region

Cook

MLS | Web ID

12690905

Features
General
Cooling Window Unit(s)
Possession Closing
Zoning COMMR
Construction Materials Brick
Year Built 1972
Electric Circuit Breakers Separate Meters
Tenant Pays Electricity
Stories Count 3
Tax Year 2022
Current Use Multi-Family
Gross Income 63600
County Cook
Net Operating Income 29518
Operating Expense 34082
Insurance Expense 4764
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status New
Directions Burr Oak Ave (127th St.) east of Kedzie to Francisco Ave. north to Minnesota Ave. east to building.
City Blue Island
Number Of Units Total 6
MLS Area Blue Island
Lot Size Square Feet 7493
Tax Annual Amount 19059
Electric Expense 798
Fuel Expense 2982
Trash Expense 855
Water Sewer Expense 1954
Additional Parcels Y/N N
Standard Status Active
Cap Rate 15.2
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Interior
Basement None
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Exterior
Building Area Total 6227
Lot Dimensions 58X125
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* Excluded Features
List By
United Real Estate - Chicago

Broker

claudialow10@gmail.com

Email

Affordability Calculator

$6,002
Per Month
74%
26%
0%
Monthly Principal & Interest
$4,414
Monthly Property Taxes
$1,588
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/1/2026$699,000 Listed Price

Map


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2836 Minnesota Avenue, Blue Island, IL, 60406 is a Multi-Family Home for sale at $699,000 with 6,227 sqft and a lot size of 0.172016. 2836 Minnesota Avenue has 3 bedrooms, 0.0 baths, and was built in 1972. The property's zip code is 60406 which is in Blue Island, IL