Essex Realty Group, Inc. has been exclusively engaged to market for sale of 12602 Artesian Avenue, a 11-unit apartment property located in the Cook County suburb of Blue Island. The building consists of (3) 3Bd/1Ba units, (1) 2Bd/1Ba units, and (7) 1Bd/1Ba units.

12602 Artesian has received extensive recent capital expenditures including a new boiler (2024), new hot water heater (2023), new courtyard porches (2024), newer windows and a layer on the roof (2022). The Subject Property is located 18 miles south of Downtown Chicago and 1 mile from the Blue Island Metra station. The Property’s convenient location offers residents easy access to public transportation and nearby shops and restaurants.

This investment offers the chance to acquire a well-maintained, stabilized asset with notable potential for increased returns in the future.

CITY OF BLUE ISLAND, IL
Blue Island, Illinois, is a vibrant city located in Cook County, just outside of Chicago. Nestled along the banks of the Calumet River, this charming community offers a rich history, diverse culture, and a close-knit atmosphere. Blue Island is renowned for its picturesque neighborhoods, tree-lined streets, and a strong sense of community pride. The city boasts a mix of architectural styles, ranging from Victorian-era homes to modern developments, creating a unique and eclectic ambiance.

Blue Island is also known for its thriving arts scene. The city is home to numerous art galleries, studios, and theaters, showcasing the talents of local artists and performers. Residents and visitors alike can enjoy a wide range of cultural events and festivals throughout the year, celebrating music, visual arts, and theater.

Blue Island’s economic highlights stem from its industrial base, healthcare sector, support for small businesses, retail centers, transportation advantages, and diverse job opportunities. These factors contribute to the city’s economic stability and make it an attractive place for businesses to establish themselves and individuals to pursue employment opportunities.

• Significant Recent Capital Improvements Include: New Boiler (2024), Hot Water Heater (2023), Layer on Roof (2022), and Porches (2024)
• Fully Occupied Property in High Demand Suburban Rental Market
• Three (3) 3Bd/1Ba Units, One (1) 2Bd/1Ba Unit, and Seven (7) 1Bd/1Ba Units with the Opportunity to Convert More 1Bd Units Into 2Bd Units
• Fully Stabilized Turnkey Asset