2449 Collins Street
Blue Island, IL 60406
- 6 beds
- 2 baths
- 2,548 sqft
- 4,792 sqft lot
- $25 per sqft
- 1893 build
- – on site
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Investor/handyman special!! Purchase is for a seasoned investor only and not a homeowner. AMAZING potential in this Blue Island 2-flat! Each unit has 3 bedrooms and 1 full bathroom. Both kitchens has a large eat in area and abundant cabinetry. Spacious bedrooms are all conveniently located near a full bath. MASSIVE unfinished basement and attic! Bonus detached 2-car garage! Walk to Hart Park. Easy access to I-57 and I-294! Surrounded by TONS of dining, shopping, and recreational options! Don't miss out on this rare opportunity! Once renovated -- the 3 bedroom unit can rent for $1,300 (around $1,500 Section 8). Cash-only sale with minimally-moderate renovations for under $200k. Net cash flow: $30k net profit annually with just the 2 units (15% cap rate)! Once occupied, refinance is an option to pull out equity and have a mini cash cow for life.
Listing courtesy of MRED / 606 Brokers LLC as distributed by MLS GRID
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Last updated Apr 18, 2024
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MLS# 11337765 —
Walk Score®
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Soundscore™
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/22/22
Mar 22, 2022
|
Sold | MRED | $65,000 | -31.6% |
3/14/22
Mar 14, 2022
|
Pending | MRED | $95,000 | |
3/3/22
Mar 3, 2022
|
Listed / Active | MRED | $95,000 | 167.6% (29.6% / YR) |