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Active Under ContractMLS #: 127358511 / 5Get an accurate number
Active Under ContractMLS #: 127358511 / 54 Beds
$125,000
2340 Walnut Street, Blue Island IL, 60406
Est. payment: $1,190/mo · 20% down, 30-year fixed at 6.95%, principal, interest, and taxes per the listing
Built in
1892
Lot size
0.13 acres
Property type
Two to Four Units
Listed by Miguel Garcia-Cordero with StoneBridge Realty LLC
Questions about this home: Nick Rife, Rife Realty, (815) 258-1471 or Nick@RifeRealty.com
Overview
Two-unit building from 1892. Each unit has 2 bedrooms and 1 bathroom. This one needs a full gut job. It is being sold as-is. Cash or rehab loan only - a regular mortgage will not work on this property. Here is what we know. The boiler does not work, so plan on a new heating system. The seller has seen water leaking into the basement. He does not know where it is coming from and nothing has been done about it. The wiring is old and the seller thinks the whole house needs to be rewired. There are two electrical panels and one of them was replaced a few years ago, so have your electrician take a look and see what can stay. The seller has also seen what he thinks are signs of termites, but there has been no inspection and no treatment, so nothing is confirmed. Get your own termite and structural inspection. Other than that, expect a lot of deferred maintenance. Plan on taking it down to the studs. One thing already done: the windows on the first and second floors are newer. Ideally for investors, flippers, and landlords who can handle a full rehab. The seller does not plan on clearing out the property, will not make repairs, will not give credits, and offers no warranties. Bring your contractor to the walkthrough and run your numbers.
Location
2340 Walnut Street, Blue Island IL, 60406
- Township
- Calumet
- County
- Cook
- Area
- Blue Island
Interior
- Bedrooms
- 4
- Total rooms
- 8
- Basement
- Unfinished, Block, Full
- Heating
- Radiator(s)
Exterior and lot
- Construction
- Frame
- Patio and porch
- Deck
- Lot size
- 0.13 acres (5,808 sq ft)
- Garage spaces
- 2
- Parking
- Garage Owned, Detached, Garage
- Total parking
- 2
- Sewer
- Public Sewer
- Water
- Public
Schools
- Elementary district
- 130
Listing details
- MLS number
- 12735851
- Status
- Active Under Contract
- Property type
- Two to Four Units
- Year built
- 1892
- Town
- Blue Island
- ZIP
- 60406
- Updated
- Aug 23, 2026
Estimate your payment
Term, years
Your monthly payment will be
$1,190
Principal, interest, and estimated taxes.
Loan $100,000 Down $25,000
- Principal and interest
- $662
- Property taxes (2024, per the listing)
- $528
Ballpark estimated payments for planning. Not a quote or a preapproval.
What this estimate includes
Principal, interest, and property taxes: the listing's reported bill when MRED has one, otherwise an estimate from typical corridor rates. Insurance and any PMI are not included, and this is not an offer of credit. Your real number depends on your credit, the lender, and the property.
Talk to Nick and he will connect you with one of his preferred lenders for a real figure.
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
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