12602 Artesian Ave - Apartments FOR SALE


Blue Island, IL 60406
$1,075,000 USD
773-305-4900
12602 Artesian Ave, Blue Island, IL for Sale
$1,075,000 USD
Apartments - FOR SALE
1/12
null | 8.08% Cap Rate

12602 Artesian Ave
Blue Island, IL 60406


HIGHLIGHTS

  • Significant Recent Capital Improvements Include: New Boiler (2024), Hot Water Heater (2023), Layer on Roof (2022), and Porches (2024)
  • Three (3) 3Bd/1Ba Units, One (1) 2Bd/1Ba Unit, and Seven (7) 1Bd/1Ba Units with the Opportunity to Convert More 1Bd Units Into 2Bd Units
  • Fully Occupied Property in High Demand Suburban Rental Market
  • Fully Stabilized Turnkey Asset

OVERVIEW

Essex Realty Group, Inc. has been exclusively engaged to market for sale of 12602 Artesian Avenue, an 11-unit apartment property located in the Cook County suburb of Blue Island. The building consists of (3) 3Bd/1Ba units, (1) 2Bd/1Ba units, and (7) 1Bd/1Ba units. 12602 Artesian has received extensive recent capital expenditures including a new boiler (2024), new hot water heater (2023), new courtyard porches (2024), newer windows and a layer on the roof (2022). The Subject Property is located 18 miles south of Downtown Chicago and 1 mile from the Blue Island Metra station. The Property's convenient location offers residents easy access to public transportation and nearby shops and restaurants. This investment offers the chance to acquire a well-maintained, stabilized asset with notable potential for increased returns in the future.

FOR SALE DETAILS

PRICE

$1,075,000 USD

PRICE/SF

$128 USD /SF

# OF UNITS

11

PRICE/UNIT

$97,727

CAP RATE

8.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,051 SF

ZONING

-

APN/PARCEL ID

24-25-429-010-0000

ASK ABOUT THIS PROPERTY

Jimmy DonahueEssex Realty GroupMore Info
773-305-4900

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Jimmy DonahueEssex Realty GroupMore Info
773-305-4900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.