MLS® ID: 10524550
2336 Union Street
Blue Island, Illinois, 60406 $490,000
Union Street Condominiums provides an investor an excellent opportunity to acquire 7 units and control the overall managment through the Condo Association in this 12 unit condo building. The current rents and operational efficiencies provide an above average ROI and good cash flow. Units included are 2,3,4,6 on the first floor and 9,10,12 on the second floor. Capital Improvements completed include the boiler in 2016, water heater in 2012, roof repairs/maintenance 2019, Parking lot seal coating in 2018, Balcony painting in 2018, New sidewalk at the west side of building in 2017, windows, kitchens and bathrooms have been updated. Good property for deconversion which will likely lower property taxes overall. Current rents are trending up.