12438 Fairview Avenue
$520,000
11
6
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Description
Discover a lucrative investment (9.73% Cap Rate) with this fully occupied 6-unit building, perfect for investors looking for reliable cash flow and potential for long-term appreciation. The property includes five (5) two-bedroom/one-bathroom units and one (1) one-bedroom/one-bathroom unit. Currently, it generates $6,380 in monthly rental income. 3 units in the building are currently priced below market rates, highlighting substantial future rent increase potential as tenants change. Recent renovations...Discover a lucrative investment (9.73% Cap Rate) with this fully occupied 6-unit building, perfect for investors looking for reliable cash flow and potential for long-term appreciation. The property includes five (5) two-bedroom/one-bathroom units and one (1) one-bedroom/one-bathroom unit. Currently, it generates $6,380 in monthly rental income. 3 units in the building are currently priced below market rates, highlighting substantial future rent increase potential as tenants change. Recent renovations have significantly enhanced the property, including unit upgrades, freshly painted common areas, upgrade to the roof, and other capital expenditures, ensuring reduced maintenance costs and enhanced property value. This investment allows you to start earning immediately. Furthermore, this property is available for purchase along with 12930 Page Court in Blue Island, presenting an even greater investment opportunity.
- Listed by Michael Scanlon • eXp Realty, LLC
- Listed by Cody Starostka • eXp Realty, LLC
Property Details for 12438 Fairview Avenue
Area
Blue Island
ZoningMULTI
LISTING UPDATED: 09/30/2024 07:20 AM
Property Details for 12438 Fairview Avenue
Status | Active |
---|---|
MLS # | 12121323 |
Days on Market | 119 |
Taxes | $11,034 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Corridor-Exterior Entrance |
Year Built | 1962 |
Lot Size | 0.14 AC / 6,299 SF |
County | Cook County |
Building Information for 12438 Fairview Avenue
Stories3Residences6Year Built1962Building Size-Lot Size0.14 AC / 6,299 SF
Property Information for 12438 Fairview Avenue
Property History for 12438 Fairview Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 12438 Fairview Avenue
Taxable ValueLand$3,149Additions$19,962Total$23,111
Tax Record2022$11,035 ($920 / month)
Home Facts
Baths4Total Finished SqFt3,276 SqFtAbove Grade Finished SqFt3,276 SqFtStories2Lot Size6,299 SqFtStyleMulti-Family Res (5+ Units)Year Built1962CountyCOOKAPN24-25-408-027
Schools near 12438 Fairview Avenue
This home is within Cook County School District 130.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 3 to 8 |
Rating | School | Distance |
---|---|---|
George Washington Elementary School PublicK to 5 | ||
Veterans Memorial Middle School Public6 to 8 | ||
Dd Eisenhower High School (Campus) Public9 to 12 | ||
A.N.C.H.O.R. Academy Public3 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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