2333 Walnut Street

Blue Island, IL 60406

$299,000
Price
7
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

2333 Walnut is a 5-unit building that is superbly located, right off of Western Ave near the heart of Blue Island. The property consists of two buildings. The front building is wood-frame and has a 3Bed/1Bath duplex up (rented), a second floor rear apartment with one bedroom and one bathroom (vacant), as well as basement laundry. The rear building consists of three spacious, 5 room 1Bedroom/1Bathroom apartments that are currently all rented, however one of the tenants is in eviction court and should...2333 Walnut is a 5-unit building that is superbly located, right off of Western Ave near the heart of Blue Island. The property consists of two buildings. The front building is wood-frame and has a 3Bed/1Bath duplex up (rented), a second floor rear apartment with one bedroom and one bathroom (vacant), as well as basement laundry. The rear building consists of three spacious, 5 room 1Bedroom/1Bathroom apartments that are currently all rented, however one of the tenants is in eviction court and should be out in 8 weeks or less. There is also a gigantic garage in the rear building that fits at least two cars, plus workshop space. There is a large driveway that fits 5+ cars for parking as well. Highest and best use is likely for a live-in owner to live in the front house and rent out the rear units, while either renting out the garage or using it as a workshop/studio. Rents all way under market except for the front house, and they are vacating by the end of the year. Lot size is estimated, legality of all units is not guaranteed.
  1. Listed by Charles Kipp • Hometown Real Estate

Property Details for 2333 Walnut Street

Area
Blue Island
LISTING UPDATED: 09/13/2024 12:07 AM

Property Details for 2333 Walnut Street

StatusActive
MLS #12158091
Days on Market34
Taxes$17,068 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1890
Lot Size0.27 AC / 11,664 SF
CountyCook County

Building Information for 2333 Walnut Street

Stories2Residences5Year Built1890Building Size-Lot Size0.27 AC / 11,664 SF

Property Information for 2333 Walnut Street

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • # Of Washers: 0
  • Heat/Ventilation: Central Heat/Indiv Controls
  • # Of Dryers: 0
  • # Of Dishwashers: 0
  • Num of Baths: 5.0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 72X162
  • Stories: 2
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 24
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $38,100.00
  • Gross Scheduled Income: $38,100.00
  • Insurance Expense: $1,700.00
  • Maintenance Expense: $1,600.00
  • Manager Expense: $.00
  • Electric Expense Source: Owner Projection
  • Total Annual Expense Source: Combination
  • Insurance Expense Source: Broker Projection
  • Janitor Expense: 0
  • Trash Expense Source: Broker Projection
  • Total Monthly Income: 3175
  • Net Operating Income: $15,100.00
  • Operating Expense: $23,000.00
  • Other Expense: $.00
  • Trash Expense: $1,400.00
  • Water Sewer Expense: $4,000.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
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 2333 Walnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 2333 Walnut Street

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
Lincoln Elementary School
PublicK to 3

Whittier Elementary School
Public4 to 5

Everett F Kerr 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.

Neighborhood Map and Transit

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2333 Walnut Street is a multi-family home for sale in Blue Island, IL 60406. This property was listed for sale on September 7, 2024 by Hometown Real Estate, it's currently listed at $299,000. This listing's school districts are Cook County School District 130, Chsd 218 School District. Nearby schools include Lincoln Elementary School, Whittier Elementary School and Everett F Kerr Middle School. 2333 Walnut Street is a 7-bed, 5-bath, multi-family home built in 1890.

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 Hometown Real Estate

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 09/13/2024 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.