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13315 Olde Western Avenue Blue Island, IL 60406 Commercial - Business Contingent

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Description

INVESTOR SPECIAL! HUGE PRICE REDUCTION! Seller is highly motivated. Prime mixed-use opportunity in Blue Island's Olde Western Historic District. 1st-floor commercial unit generates $1,500/mo (tenant thru 7/31/26 wants to stay). 2nd-floor 4-bedroom tenants are willing to negotiate a short-term, month-to-month lease to generate instant cash flow during repairs! Upgrades include newer windows, HVAC, and a repaired roof. Sold strictly AS-IS. Buyer assumes the City of Blue Island Intent to Sell inspection report and all code compliance.The city report is attached for review. Facade changes require historical preservation review, but Business Development Grants are available! Cash or Hard Money preferred. See agent remarks for details.

Property Highlights

Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1900

General Information

County: Cook
Listed By:
Redfin Corporation 224-699-5002
MRED MLS
$199,000
Est. $1,331/mo
Contingent
MLS#12641610
STATUSContingent PROPERTY TYPECommercial - Business

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13315 Olde Western Avenue, Blue Island, IL 60406.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $199,000$199,000$199,000
Down Payment $39,800$6,965$49,750
Monthly Mortgage Amount $954$1,172$1,229
Taxes $277$277$277
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$88$0
Monthly Estimated Total $1,331$1,637$1,606

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