2836 Minnesota Avenue, Blue Island, IL 60406
Cook County
Key Facts
Description
Nestled in quiet neighborhood section of Blue Island. This 6-unit building features four 2 Bedroom apartments and two 1-bedroom apartments. Building is very well maintained and cared for. Secure front entry leads to common hallway to each apartment which each tenant would grant access to visitor. Each unit has their own electric panel with circuit breakers and thermostat as well as kitchen appliances (stove & refrigerator) and air conditioners. There is a common laundry room on the ground floor with coin operated washer & dryer. Laundry room was updated in 2024 with new floors. There are also 6 separate storage lockers for each tenant. Building has hot water heat. The hot water heater was installed in 2021. The roof is new as it was installed in 2023. Four apartments have some updated features such as newer vanities, countertop and other improvements. There is parking in the rear of building for 6 cars as well as a side drive that can accommodate additional parking if needed. A large storage shed is in back for storage of maintenance equipment or common storage and a small makeshift patio for tenants to enjoy outdoor space or can also be converted to additional parking. This is a great investment opportunity to purchase a fully rented apartment building with long term tenants in a well taken care of structurally sound building. Whether you are a new or seasoned investor, this can be a perfect fit to your real estate portfolio.
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1972
Stories
3
Living Area
6,227 sq ft
Lot Size
7,493 sq ft
Lot Dimensions
58X125
Zoning
COMMR
Days on Market
7
MLS® Listing#
12690905
Property Features
Cooling
Basement
Construction
Financial Details
Annual Taxes
$19,059
Tax year 2022
Parcel Number
24253080350000
Directions
Burr Oak Ave (127th St.) east of Kedzie to Francisco Ave. north to Minnesota Ave. east to building.
Affordability Calculator
$139,800
Estimated monthly payment
$3,720/mo
Principal $559,200 · Est. interest $780,134 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Blue Island, IL
- 49
- Median Days on Market
- 1,394
- Median Sq Ft
- $110
- Median Price / Sq Ft
- 119
- Active Listings
- Its price per sq ft is 2% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Blue Island, IL.
Location
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Points of Interest in Blue Island, IL
Showing the Blue Island area map.
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 8832 JACKSON Road, Blue Mound, IL | $500,000 | 4 | 2 | 1,934 |
| 12934 Page Court, Blue Island, IL | $529,000 | — | — | — |
| 12456 Fairview Avenue, Blue Island, IL | $545,000 | — | — | — |
| 12452 Fairview Avenue, Blue Island, IL | $545,000 | — | — | — |
| 235 W State Road, Island Lake, IL | $550,000 | — | — | — |
| 322 16TH Street, Rock Island, IL | $550,000 | — | — | 12,000 |
Moving Cost Estimate
Listing Courtesy: United Real Estate - Chicago - 6307484660
Last Updated: 2026-07-01