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30948820
30948821

13039 S Wood St, Blue Island, IL 60406

AS
IL 475173833
Horvath & Tremblay
Listed by Horvath & Tremblay
$900,000
106 days on market
Updated 16 days ago

13039 Wood Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,000
Net Rentable (SqFt) 10,000
Units 12
Cap Rate 8.81%
NOI $79,334
Occupancy 100%
Year Built 1968
Buildings 1
Stories 3
Acreage 0.370
Parking Spaces 12 spaces
Parking Per SqFt 1.00
Ownership Fee Simple

Multifamily | 12 Units | $75,000/unit

Marketing description

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 13039 Wood Street in Blue Island, IL (the “Property”). The multi-story building contains nine (9) 2-Bedroom/1-Bathroom units and three (3) 1-Bedroom/1-Bathroom units with 10,000 square feet of gross living area in 12,000 square feet of gross area. The Property is situated upon a 0.37-acre parcel and offers twelve (12) surface parking spaces.

13039 Wood Street is well-positioned within the City of Blue Island, offering convenient access to nearby residential neighborhoods and local commercial corridors. The property benefits from proximity to Western Avenue and Old Western Avenue, providing direct connections throughout Blue Island and to surrounding south suburban communities. Regional access is supported by nearby Interstate 57 and I-80/I-294, allowing efficient travel to downtown Chicago, the broader South Suburban market, and major employment centers. Nearby retail, dining, parks, and public transit options further enhance livability and overall tenant appeal.

Investment highlights

NEARBY PUBLIC TRANSPORTATION

Located in Blue Island just north of Vermont Street, the property is within a short drive of the Blue Island–Vermont Street Metra hub, which provides Rock Island District and Metra Electric Line service to LaSalle Street Station and Millennium Station in downtown Chicago, supporting both daily commuter and reverse-commute trips. Riders can also access the nearby Blue Island Metra Electric station, giving additional all-day rail options along the South Side and lakefront corridor. Bus connectivity is strong, with Pace routes 348 (Harvey–Riverdale–Blue Island) and 349 (South Western) serving Blue Island and linking to Harvey, Evergreen Park, and other south suburban communities, while Pace 385 runs along the 87th–111th–127th corridor toward Midway CTA, expanding reach to the broader Chicago transit network.

AREA AMENITIES & DEMAND DRIVERS

13039 Wood Street is positioned in a stable, workforce-oriented pocket of Blue Island with established demand for apartment housing supported by a majority-renter household base, relatively attainable rents, and proximity to major employment, healthcare, and educational anchors.

Nearby demand drivers include St. Francis Hospital and other medical and community health providers, which together represent some of the area’s largest institutional employers and generate significant daily employee and visitor trips within a short radius of the property.

The address is also served by multiple K–12 public schools such as Burr Oak Academy, Burr Oak Elementary, Calumet Middle School, and Dwight D. Eisenhower High School, helping draw and retain family households seeking neighborhood-oriented apartment options close to schools.

UTILITIES

The Property is separately metered for electricity, which tenants pay directly.

The Landlord is responsible for gas powered hot water & heat, as well as city water and sewer, which they pay directly.

OFF-STREET PARKING

The Property offers ample off-street parking with twelve (12) surface spaces available.

DURABLE BRICK CONSTRUCTION

The Property features durable brick construction, a highly desirable attribute for multifamily housing that provides long-term structural integrity, fire resistance, and reduced maintenance requirements. Brick construction also delivers superior sound attenuation and thermal efficiency, contributing to lower utility costs and enhanced resident comfort while preserving long-term aesthetic appeal.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 14,500 people live within 1 mile of the Property with an average household income of $79,518. Over 127,500 people reside within 3 miles of the Property with an average household income of $80,761.

QUALITY OF LIFE AMENITIES

Blue Island’s traditional Uptown business district and Western Avenue commercial corridor, along with nearby community institutions and service providers listed in the city’s resource directory, add to the appeal of the area by offering everyday retail, dining, and services that support sustained multifamily housing demand at this location.

Mario’s Tacos on Olde Western Avenue is a well known neighborhood draw for casual Mexican fare, while nearby Western Avenue features additional local dining options and bar and grill concepts such as Harry’s Long Bar, giving residents convenient food and nightlife choices within a short drive of the property. Everyday dining and quick service options are also available along Western Avenue, including national brands such as Subway at Blue Island Plaza, helping to meet routine food and convenience needs close to home.

Retail and services are concentrated in neighborhood shopping nodes along South Western Avenue and around Blue Island Plaza, where residents can access grocery, pharmacy, banking, and personal services without leaving the immediate area. Outdoor recreation opportunities are a key quality of life amenity, with the Cal Sag Trail running through Blue Island along the Calumet Sag Channel and connecting to multiple forest preserves, nature areas, and additional trail networks for biking, running, and walking.

Listing Contacts

AS
IL 475173833
Horvath & Tremblay
Listed by Horvath & Tremblay

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$79,334.00
$6,611.17/mo

Valuation Metrics

0
DSCR
8.81%
Cap Rate
8.81%
ROI

Map

Zoning

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R1 ResidentialSingle FamilySingle Family Residential District
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Last updated Mar 17, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
JOHN PRZYBYLA
License
471010441
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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