Log In/Sign Up
Your email has been sent.
Blue Station Apartments 2130 122nd St 345 Unit Apartment Building $24,500,000 ($71,014/Unit) Blue Island, IL 60406
Investment Highlights
- Well-Maintained Asset with Strong Historical Occupancy
- Attractive Basis with Immediate Yield
- Over $3.1M in Capital Improvements in Last 4 Years
- Immediate Scale into High Tenant Demand Market
Executive Summary
Blue Station Apartments is an exceptionally well-maintained 345-unit multifamily community in Blue Island, Illinois, offering a mix of studio, one, and two-bedroom apartments. The community has benefited from over $3.1 million in capital improvements over the past four years and is offered at an attractive basis with immediate yield. The property is located steps from the Metra train station and public transportation, providing convenient access to downtown Chicago in approximately 30 minutes. With practical floor plans featuring open kitchens, spacious bedrooms, and on-site laundry facilities, Blue Station Apartments offers immediate scale within the Chicagoland market and is well positioned among nearby shopping and residential neighborhoods.
Property Facts
| Price | $24,500,000 | Lot Size | 5.85 AC |
| Price Per Unit | $71,014 | Building Size | 183,890 SF |
| Sale Type | Investment | Average Occupancy | 95% |
| No. Units | 345 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1969/2013 |
| Property Subtype | Apartment | Parking Ratio | 0.63/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R3, Blue Island | ||
| Price | $24,500,000 |
| Price Per Unit | $71,014 |
| Sale Type | Investment |
| No. Units | 345 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.85 AC |
| Building Size | 183,890 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2013 |
| Parking Ratio | 0.63/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3, Blue Island |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Hardwood Floors
- Refrigerator
- Range
- Carpet
- Grill
- Patio
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Day Care
- Laundry Facilities
- Playground
- Property Manager on Site
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 72 | - | 308 |
| 1+1 | 209 | - | 489 |
| 2+1 | 62 | - | 808 |
| 3+1 | 2 | - | 900 |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,443,430 | |
| Land Assessment | $168,805 | Total Assessment | $1,612,235 |
Property Taxes
Parcel Numbers
Land Assessment
$168,805
Improvements Assessment
$1,443,430
Total Assessment
$1,612,235
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Blue Station Apartments | 2130 122nd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.