2426 Grunewald Street

Blue Island, IL 60406

$425,000
Price
17
Beds
8
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Fantastic Passive Income Earner- Fully rented 5-unit building with basement office and coin laundry. Close to public transportation and shopping in the heart of Blue Island. Two 3 bedroom / 2 bath units, One 3 bedroom/1 bath unit, two 2 bedroom / 1 bath units, and one basement unit with a bath and kitchen are used for an office. New Roof in 2022, updated kitchen in two units, fresh paint, newer carpet and refinished hardwood flooring, and new water heaters in 2021. Real Estate Taxes have been protested...Fantastic Passive Income Earner- Fully rented 5-unit building with basement office and coin laundry. Close to public transportation and shopping in the heart of Blue Island. Two 3 bedroom / 2 bath units, One 3 bedroom/1 bath unit, two 2 bedroom / 1 bath units, and one basement unit with a bath and kitchen are used for an office. New Roof in 2022, updated kitchen in two units, fresh paint, newer carpet and refinished hardwood flooring, and new water heaters in 2021. Real Estate Taxes have been protested every year.
  1. Listed by Colleen McLaughlin • Coldwell Banker Realty

Property Details for 2426 Grunewald Street

Area
Blue Island
Township
Worth
Num of Interior Fireplaces
0
Zoning
MULTI
LISTING UPDATED: 12/18/2024 12:07 AM

Property Details for 2426 Grunewald Street

StatusActive
MLS #12197930
Days on Market7
Taxes$15,573 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1963
Lot Size-
CountyCook County

Building Information for 2426 Grunewald Street

Stories2Residences5Year Built1963Building Size-Lot Size-

Property Information for 2426 Grunewald Street

General Information
Location and General Information
  • Frontage Type: City Street, Alley Access
  • Information: 24-Hr Notice Required,No Sign on Property
Taxes and HOA Information
  • Association Fee Includes: None
  • Additional Parcels: Yes
Property Information
Interior Features
  • Electric: Circuit Breakers
  • # Of Washers: 1
  • Basement Description: Finished, Egress Window, Rec/Family Area, Storage Space
  • Heat/Ventilation: Forced Air,Baseboard
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • Misc Inside: Laundry Room
  • # Of Dryers: 1
  • # Of Disposals: 0
  • Num of Baths: 8.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance,Flats
  • Lot Dimensions: 35X127X35X127
  • Stories: 2
  • Exterior Building Type: Vinyl Siding, Brick
  • Roof Structure: Flat,Gable
  • Foundation Details: Concrete Perimeter
  • # Of Ranges: 6
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 19
Miscellaneous
  • Current Use: Multi-Family
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: $300.00
  • Fuel Expense: $4,000.00
  • Gross Income: $67,164.00
  • Gross Scheduled Income: $67,164.00
  • Insurance Expense: $3,876.00
  • Maintenance Expense: $2,000.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2024
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 2000
  • Other Expense Source: Owner Projection
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 5597
  • Water Expense Source: Owner Projection
  • Net Operating Income: $32,892.00
  • Operating Expense: $34,272.00
  • Other Expense: $1,000.00
  • Trash Expense: $1,524.00
  • Water Sewer Expense: $4,000.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 2
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 6
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
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 2426 Grunewald 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 2426 Grunewald Street

Taxable ValueLand$1,587Additions$20,070Total$21,657
Tax Record2022$10,341 ($862 / month)
Home Facts
Baths6Total Finished SqFt4,887 SqFtAbove Grade Finished SqFt4,887 SqFtStories2Lot Size3,175 SqFtStyleMulti-Family Res (5+ Units)Year Built1962CountyCOOKAPN24-25-403-021

Schools near 2426 Grunewald 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.

Similar Homes

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2426 Grunewald Street is a multi-family home for sale in Blue Island, IL 60406. This property was listed for sale on December 12, 2024 by Coldwell Banker Realty, it's currently listed at $425,000. It has been on the market for a total of 7 days and was last sold on May 23, 2018. 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. 2426 Grunewald Street is a 17-bed, 8-bath, multi-family home built in 1963.

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 Coldwell Banker 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 12/18/2024 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.