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  • $357,000

    12227 Spencer St, Alsip, IL 60803

    5beds
    --sqft
    Multi Family
    Built in 1985
    -- sqft lot
    $378,500 Zestimate®
    $--/sqft
    $2,327 Estimated rent

    Home value

    $378,500

    $337,000 - $424,000

    $2,327/mo

    Zestimate® history
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    $2,441/mo

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    $2,441/mo

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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: August 12, 2024 at 06:39pm

    Listing courtesy of:

    Dale Taylor 815-485-5500,

    RE/MAX 10

    Bought with:

    Marisela Mayorga

    Mayorga Realty Inc

    Source: MRED as distributed by MLS GRID,MLS#: 12051221MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Natural Gas
    Appliances
    • Included: Gas Water Heater
    Features
    • Basement: Crawl Space

    Property

    Parking
    • Total spaces: 2
    • Parking features: On Site, Garage Owned, Detached, Garage
    • Garage spaces: 2
    Features
    • Fencing: Fenced
    Lot
    • Size: 73.07 Acres
    • Dimensions: 37X127
    Details
    • Additional parcels included: 24271020160000
    • Parcel number: 24271020150000
    • Zoning: MULTI
    • Special conditions: None
    • Other equipment: TV-Cable, Intercom, Ceiling Fan(s)

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Concrete Perimeter
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1985
    Details
    • Builder model: 2-FLAT

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan

    Community & neighborhood

    Location
    • Region: Alsip

    Other

    Other facts
    • Listing terms: Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    8/1/2024Sold$357,000-2.2%
    Source: MRED as distributed by MLS GRID #12051221
    7/2/2024Contingent$365,000
    Source: MRED as distributed by MLS GRID #12051221
    7/2/2024Listed for sale$365,000
    Source: MRED as distributed by MLS GRID #12051221
    5/19/2024Contingent$365,000
    Source: MRED as distributed by MLS GRID #12051221
    5/11/2024Listed for sale$365,000
    Source: MRED as distributed by MLS GRID #12051221

    Public tax history

    Tax history is unavailable.

    Neighborhood: 60803

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: 126

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $378,500
    2% more+ $7,570
    With Zillow Showcase(estimated)
    $386,070