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29783158
29783119

2130 122nd St, Blue Island, IL 60406 For Sale

LK
IL 471014529
Kiser Group
JC
IL 475215988
Kiser Group
KS
IL 475.185903
Kiser Group
Listed by Kiser Group
$24,500,000
149 days on market
Updated 8 days ago
Opportunity zone

Blue Station Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 169,641
Net Rentable (SqFt) 166,000
Units 345
Occupancy 96%
Tenancy Multi
Price per SqFt $144
Broker Co-Op No
Class C
Year Built 1954
Year Renovated 2013
Buildings 27
Stories 2
Investment Type Stabilized
Ownership Sole

Multifamily | 345 Units | $71,014/unit

Marketing description

Blue Station Apartments is an exceptionally well-maintained 345-unit multifamily community in Blue Island, Illinois, offering a mix of studio, one, and two-bedroom apartments. The community has benefited from over $3.1 million in capital improvements over the past four years and is offered at an attractive basis with immediate yield. The property is located steps from the Metra train station and public transportation, providing convenient access to downtown Chicago in approximately 30 minutes. With practical floor plans featuring open kitchens, spacious bedrooms, and on-site laundry facilities, Blue Station Apartments offers immediate scale within the Chicagoland market and is well positioned among nearby shopping and residential neighborhoods.

Investment highlights

  • Well-Maintained Asset with Strong Historical Occupancy
  • Over $3.1M in Capital Improvements in Last 4 Years
  • Attractive Basis with Immediate Yield
  • Immediate Scale into High Tenant Demand Market

Listing Contacts

LK
IL 471014529
Kiser Group
JC
IL 475215988
Kiser Group
KS
IL 475.185903
Kiser Group
Listed by Kiser Group

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Additional Information

Name
Lee Kiser
License
471014529
Brokerage
Kiser Group
Brokerage Phone
7732935000
Title
Principal and Designated Managing Broker
Brokerage Address
651 West Washington Boulevard
Name
Joe Caiola
License
475215988
Brokerage Phone
7772935000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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