2423 West 123rd Street

Blue Island, IL 60406

$675,000
Price
21
Beds
9
Baths
9
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

2423 123rd St, a multi-family real estate gem comprising nine (9) spacious units located in the Blue Island suburb of Chicago. Nestled in a strategic location, the property offers easy access to essential amenities and transportation, enhancing its appeal to potential tenants. 2423 123rd St has a desirable unit mix comprised of three (3) 3 bed/1.5 bath units and six (6) 2 bed/1.5 bath units. Additional highlights include a newer boiler and HVAC units, along with the roof being recently silver lined....2423 123rd St, a multi-family real estate gem comprising nine (9) spacious units located in the Blue Island suburb of Chicago. Nestled in a strategic location, the property offers easy access to essential amenities and transportation, enhancing its appeal to potential tenants. 2423 123rd St has a desirable unit mix comprised of three (3) 3 bed/1.5 bath units and six (6) 2 bed/1.5 bath units. Additional highlights include a newer boiler and HVAC units, along with the roof being recently silver lined. Investors can gain additional income from the four (4) covered parking spaces located in the rear of the building. Positioned for substantial income potential, the current under-market rents present an immediate avenue for increasing cash flow. Furthermore, solely through improved leasing and management and bringing the rents to increased levels, a new owner will enjoy steady returns on this opportunist investment
  1. Listed by John Lambert • Kiser Group Realty Inc

Property Details for 2423 West 123rd Street

Area
Blue Island

Location

Listing Courtesy of Kiser Group Realty Inc
Add your commute
LISTING UPDATED: 05/14/2024 11:53 AM

Property Details for 2423 West 123rd Street

StatusPending
MLS #11966048
Days on Market113
Taxes$42,400 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1967
Lot Size0.13 AC / 5,647 SF
CountyCook County

Location

Listing Courtesy of Kiser Group Realty Inc
Add your commute

Building Information for 2423 West 123rd Street

Stories-Residences9Year Built1967Building Size-Lot Size0.13 AC / 5,647 SF

Payment Calculator

$7,217 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,684

Property Taxes

$3,533

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2423 West 123rd Street

General Information
Addtl Parking Information
  • Open Parking Spaces: 4.0
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Radiators
  • Num of Baths: 9.9
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 125.5 X 45 FT
  • Stories: 3
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 12
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 9
Income & Expenses
  • Electric Expense: $570.00
  • Fuel Expense: $7,000.00
  • Gross Income: $104,400.00
  • Gross Scheduled Income: $106,800.00
  • Insurance Expense: $8,110.00
  • Maintenance Expense: $.00
  • Manager Expense: $2,600.00
  • Electric Expense Source: Combination
  • Expense Year: 2023
  • Total Annual Expense Source: Broker Projection
  • Fuel Expense Source: Combination
  • Insurance Expense Source: Combination
  • Janitor Expense: 1500
  • Manager Expense Source: CO
  • Net Operating Income Year: 2023
  • Other Expense Source: Combination
  • Repairs-Decor Expense Source: Combination
  • Trash Expense Source: Combination
  • Total Monthly Income: 8465
  • Water Expense Source: Combination
  • Net Operating Income: $28,041.00
  • Operating Expense: $73,539.00
  • Other Expense: $2,500.00
  • Trash Expense: $.00
  • Water Sewer Expense: $5,000.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
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 2423 West 123rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2423 West 123rd Street

Taxable ValueLand$2,063Additions$44,410Total$46,473
Tax Record2022$22,189 ($1,849 / month)
Home Facts
Lot Size3,175 SqFtStyleMulti-Family Res (5+ Units)Year Built1966CountyCOOKAPN24-25-403-010

Schools near 2423 West 123rd 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
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.

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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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kiser Group Realty Inc

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 05/14/2024 11:53 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.