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12400 Greenwood Ave 9 Unit Apartment Building $928,287 CAD ($103,143 CAD/Unit) 9.04% Cap Rate Blue Island, IL 60406
INVESTMENT HIGHLIGHTS
- Updated Units: Kitchens, Baths, & Flooring
- Comfortably Surrounded by Single Family Homes
- Newer Boiler & Hot Water Heater
- Walking Distance to Metra
EXECUTIVE SUMMARY
Kiser Group is pleased to exclusively present 12400 Greenwood Avenue in Blue Island, IL. This well-maintained 9-unit multifamily building features eight (8) 1-bedroom/1-bath units and one (1) studio apartment, offering an efficient and desirable unit mix for investors focused on stable cash flow.
Each unit has undergone cosmetic updates, including modern kitchens, refreshed bathrooms, and new flooring. The property also benefits from a newer boiler and hot water heater, minimizing near-term capital needs (Outside of (1) down apartment). On-site laundry adds convenience for tenants and generates additional income.
Located just steps from the 123rd Street Metra Station, the property offers tenants easy access to public transit and a short drive to downtown Chicago, making it attractive to commuters and renters seeking affordability with urban connectivity.
This is a strong turnkey investment opportunity in a historically stable rental market with immediate income and long-term upside.
Each unit has undergone cosmetic updates, including modern kitchens, refreshed bathrooms, and new flooring. The property also benefits from a newer boiler and hot water heater, minimizing near-term capital needs (Outside of (1) down apartment). On-site laundry adds convenience for tenants and generates additional income.
Located just steps from the 123rd Street Metra Station, the property offers tenants easy access to public transit and a short drive to downtown Chicago, making it attractive to commuters and renters seeking affordability with urban connectivity.
This is a strong turnkey investment opportunity in a historically stable rental market with immediate income and long-term upside.
PROPERTY FACTS
| Price | $928,287 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $103,143 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 9.04% | Building Size | 7,500 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment |
| Price | $928,287 CAD |
| Price Per Unit | $103,143 CAD |
| Sale Type | Investment |
| Cap Rate | 9.04% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 7,500 SF |
| No. Stories | 2 |
| Year Built | 1971 |
AMENITIES
UNIT AMENITIES
- Refrigerator
- Oven
SITE AMENITIES
- Laundry Facilities
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 500 |
| Studios | 1 | - | 450 |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 24-25-410-023-0000 | Improvements Assessment | $52,467 CAD |
| Land Assessment | $3,978 CAD | Total Assessment | $56,444 CAD |
PROPERTY TAXES
Parcel Number
24-25-410-023-0000
Land Assessment
$3,978 CAD
Improvements Assessment
$52,467 CAD
Total Assessment
$56,444 CAD
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12400 Greenwood Ave
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