2131 119th Place

Blue Island, IL 60406

$880,000
Price
12
Beds
10
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This great income generating, low expense, 11 unit building with (2) 2 bed and (9) 1 bed units in the desirable City of Blue Island. Rents have potential for increase as they are under market rates. Many of the apartments have been updated. Option for laundry hookup for additional income. Great value-add opportunity. Conveniently located a few blocks East of Western Ave.This great income generating, low expense, 11 unit building with (2) 2 bed and (9) 1 bed units in the desirable City of Blue Island. Rents have potential for increase as they are under market rates. Many of the apartments have been updated. Option for laundry hookup for additional income. Great value-add opportunity. Conveniently located a few blocks East of Western Ave.
  1. Listed by Juancarlos Vergara • X-cito Realty

Property Details for 2131 119th Place

Area
Blue Island
Township
Calumet
Zoning
MULTI
LISTING UPDATED: 11/17/2024 12:07 AM

Property Details for 2131 119th Place

StatusActive
MLS #12207795
Days on Market6
Taxes$22,799 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1959
Lot Size0.21 AC / 9,324 SF
CountyCook County

Building Information for 2131 119th Place

Stories2Residences11Year Built1959Building Size-Lot Size0.21 AC / 9,324 SF

Property Information for 2131 119th Place

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: List Broker Must Accompany,Short Notice OK,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Electric,Hot Water,Baseboard,Separate Per Unit
  • Misc Inside: Laundry Room
  • Num of Baths: 10.0
Exterior Features
  • Misc Outside: Balcony/ies,Courtyard,Security System,Storms and Screens (as exist)
Utilities / Equipment
  • Utilities: Sanitary Sewer, Water-Municipal
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Garden Complex
  • Lot Dimensions: 75 X 124
  • Lot Size Square Feet: 9324.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Lot Size Source: County Records
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA, Cash
  • Public Document Count: 0
  • Document Date: 2024-11-11T18:23:45
  • Photos Count: 14
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 11
Income & Expenses
  • Electric Expense: $1,081.00
  • Fuel Expense: $.00
  • Gross Income: $105,000.00
  • Gross Scheduled Income: $105,000.00
  • Insurance Expense: $13,250.00
  • Maintenance Expense: $.00
  • Manager Expense: $.00
  • Electric Expense Source: Actual
  • Expense Year: 2023
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Manager Expense Source: AC
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 8750
  • Water Expense Source: Actual
  • Net Operating Income: $72,504.00
  • Operating Expense: $32,496.00
  • Other Expense: $.00
  • Trash Expense: $1,320.00
  • Water Sewer Expense: $2,886.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 8
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 2131 119th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2131 119th Place

Taxable ValueLand$6,526Additions$33,344Total$39,870
Tax Record2022$19,889 ($1,657 / month)
Home Facts
Lot Size9,324 SqFtStyleMulti-Family Res (5+ Units)Year Built1958CountyCOOKAPN25-30-103-026

Schools near 2131 119th Place

This home is within Cook County School District 130.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 4 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Paul Revere Primary School
PublicK to 3

Paul Revere Intermediate School
Public4 to 5

Veterans Memorial Middle School
Public6 to 8

Dd Eisenhower High School (Campus)
Public9 to 12

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.

Similar Homes

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2131 119th Place is a multi-family home for sale in Blue Island, IL 60406. This property was listed for sale on November 11, 2024 by X-cito Realty, it's currently listed at $880,000. It has been on the market for a total of 6 days and was last sold on July 10, 2009. This listing's school districts are Cook County School District 130, Chsd 218 School District. Nearby schools include Paul Revere Primary School, Paul Revere Intermediate School and Veterans Memorial Middle School. 2131 119th Place is a 12-bed, 10-bath, multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of X-cito Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/17/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.