Contact us: 563.441.1776
Description
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.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 4
Bathrooms: 2
County: Cook
Listed By:
StoneBridge Realty LLC
847-766-2201
MRED MLS
MLS ID: 12735851
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2340 Walnut Street, Blue Island, IL 60406.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $125,000 | $125,000 | $125,000 |
| Down Payment | $25,000 | $4,375 | $31,250 |
| Monthly Mortgage Amount | $632 | $776 | $785 |
| Taxes | $174 | $174 | $174 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $55 | $0 |
| Monthly Estimated Total | $906 | $1,105 | $1,059 |
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/06/2026. The listing information on this page last changed on 09/06/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 09/06/2026 12:15:45 AM EST) or MRED MLS (last updated Sun 09/06/2026 12:11:53 AM EST) or SCWMLS (last updated Sat 09/05/2026 11:55:27 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sat 09/05/2026 10:15:27 PM EST) or Cedar Rapids MLS (last updated Sat 09/05/2026 10:44:38 PM EST) or NEIRBR MLS (last updated Sun 09/06/2026 12:08:41 AM EST) or ICAAR MLS (last updated Sat 09/05/2026 8:32:38 AM EST) or ECIMLS (last updated Sat 09/05/2026 11:44:33 PM EST) or RMLSA (last updated Sun 09/06/2026 12:10:57 AM EST) or Muscatine MLS (last updated Sun 09/06/2026 12:00:10 AM EST) or No Coast MLS (last updated Sun 09/06/2026 12:14:21 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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