Listing Description
Turnkey 6-unit multifamily investment opportunity in Blue Island generating $81,792 in current annual rental income with immediate upside through market rent growth. The building features a mix of well-maintained units with stable tenants and consistent occupancy. Average rents are currently $1,136 per unit, while comparable rentals in the area support rents closer to $1,325-$1,350, providing over $14,000 in potential annual rental upside through normal lease renewals and tenant turnover. Operating expenses are well documented and include property taxes, utilities, maintenance, and management assumptions. At market rents, the property offers strong income potential with additional upside through rent growth. The property benefits from strong rental demand due to its convenient location near shopping, transportation, and employment centers. Financials, rent roll, and operating statement available upon request.