2449 Collins St., Blue Island, IL 60406

2449 Collins St., Blue Island, IL 60406
Photo 1 of 20
$65,000
Sold on 3/22/22
Beds Baths Sq. Ft. Taxes Built
6 2.00 2,548 $5,804.64 1893
On the market: 18 days
View full details, 15 photos, school info, and price history
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 Ivan Blanco, 606 Brokers LLC