Alsip, IL 60803,12227 SPENCER ST
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Alsip, IL 60803,12227 SPENCER ST
Alsip, IL 60803,12227 SPENCER ST
Alsip, IL 60803,12227 SPENCER ST
Alsip, IL 60803,12227 SPENCER ST

$357,000

Est. payment /mo

$365,000

2.2%
Est.Price: ?

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12227 SPENCER ST Alsip, IL 60803

5 Beds

2 Baths

73.07 Acres Lot

SOLD DATE : 08/01/2024

Key Details

Sold Price $357,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12051221

Sold Date 08/01/24

Bedrooms 5

Year Built 1985

Annual Tax Amount $6,702

Tax Year 2022

Lot Size 73.070 Acres

Lot Dimensions 37X127

Property Description

FLOWERS BLOOM AS YOUR INVESTMENT BLOSSOMS IN THIS DIVIDENDS -PAYING ALL BRICK 2-FLAT WITH EXTRA LONG ASPHALT DRIVEWAY LEADING TO 2-CAR GARAGE. A GOOD MONEY MAKER WITH SEPARATE FURNACES, CENTRAL-AIR, AND ELECTRIC MEANS EACH TENANT PAYS ALL THEIR OWN UTILITIES. PRUDENT MAIN-LEVEL LAUNDRY ACCESSED FROM FOYER. APPLIANCES INCLUDED IN LARGE KITCHENS WITH PATIO DOOR ACCESS TO PRIVACY TALL REAR FENCED YARD. READY TO GO OWNER RESIDES ON 2ND FLOOR AND KEPT THE SUSPENDED IN TIME 1ST FLOOR UNOCCUPIED FOR NUMEROUS YEARS. CONSIDER, IF BUILDING WAS FULLY RENTED FOR A YEAR THE 1ST FLOOR 2-BEDROOM UNIT COULD POSSIBLY RENT FOR $1200. THE 2ND FLOOR 3-BEDROOM UNIT COULD POSSIBLY RENT FOR $1700, FOR A TOTAL POTENTIAL ANNUAL GROSS RENTAL INCOME OF $34,800. (I HAVE USED THE LOWEST RENTS OF SIMILAR LISTED APARTMENTS IN ALSIP). SINCE THE TENANTS PAY THEIR OWN UTILITIES, THE ANNUAL OPERATING EXPENSES ARE BASICALLY THE REAL ESTATE TAXES AND INSURANCE, LEAVING A POTENTIAL NET INCOME OF $26.198. GRAND OPPORTUNITY FOR YOUR TENANT TO POTENTIALLY PAY YOUR MORTGAGE IN THIS SMART INVESTMENT START AND UPON TOURING YOU WILL FEEL YOU FOUND A SAFE PLAN FOR A GOOD FUTURE.

Location

State IL

County Cook

Area Alsip / Garden Homes

Zoning MULTI

Rooms

Basement None

Interior

Heating Natural Gas

Equipment TV-Cable, Intercom, Ceiling Fan(s), Water Heater-Gas

Fireplace N

Exterior

Parking Features Detached

Garage Spaces 2.0

Roof Type Asphalt

Building

Lot Description Fenced Yard

Sewer Public Sewer

Water Lake Michigan

New Construction false

Schools

School District 126 , 126, 126

Others

Ownership Fee Simple

Special Listing Condition None

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Midwest Real Estate Data (MRED) IDX
Listed by Dale Taylor • RE/MAX 10
Bought with Marisela Mayorga • Mayorga Realty Inc

Neil Hackler

Real Estate Advisor | License ID: 167138

+1(773) 677-3479

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