Sold for $65,000 on 3/22/22
| Beds |
Baths |
Built |
Sq.Ft. |
Garage |
Taxes |
On Market |
| 6 |
2 |
1893 |
2,548 ft2 |
2 |
$5,805 |
791 days |
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 606 Brokers LLC
2449 Collins St. is a 2,548 ft2 single family home built in 1893, and is located in Blue Island, IL. It has 6 bedrooms and 2 bathrooms, a 2-car garage, and has annual property taxes of $5,805. This home goes to Paul Revere Primary School, Veterans Memorial Middle School, and Dwight D Eisenhower High School.
Marco Amidei
(888) 32-Marco (847) 630-4886
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