$357,000
$365,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
12227 SPENCER ST Alsip, IL 60803
5 Beds
2 Baths
73.07 Acres Lot
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
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Marisela Mayorga • Mayorga Realty Inc
GET MORE INFORMATION