2247 W 119th St.

Investors Dream! 100% occupied multi-family investment located in Blue Island, IL. Flexicore constructed two-story California-Style walk-up with brick exterior comprised of 8 spacious apartments. Each unit consists of 1 bedroom, 1 bathroom, living room, dinig area and kitchen. Flexicore construction offering reasonably sound proof units, high durability, longevity and low maintenance. Most units recently rehabbed with new foors, paint and mechanicals. Partial basement offers tenant storage and coin-operated washer and dryer. Mechanicals updated include boiler and water heater. Investment has historically operated with near 100% occupancy. Blue Island is a great rental market offering close proximity to rail transit, commuter bus, and highways. Blue Island is a wonderful historical community offering a wide variety of cultural experiences. Property is located across from Chicago's Morgan Park/Beverly Hills community offering restaurants, grocery, retail, arts center, sports complex, and all of todays conveniences. Located blocks from Chicago Metra's Rock Island Rail Line. Investment offers value add opportunity by adjusting rents to market rents. Proforma cap rate near 12% with current rent cap rate approximately 9%. Investors will love the stable income, many improvements, and opportunity to add value. Current NOI totaling $41,078 and Proforma NOI estimated at $54,000. ***MULTIPLE OFFERS. FINAL AND BEST OFFERS TO BE SUBMITTED BY SUNDAY FEBRUARY 27 AT 2PM. FINAL SHOWINGS BY SUNDAY FEBRUARY 27 A 11 AM. OFFERS TO BE SUBMMITED ON THE C.A.R. :Multi-Family & Investment Purchase and Sale Contract"***