Closed
$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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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#: 12051221
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
| Date | Event | Price |
|---|---|---|
| 8/1/2024 | Sold | $357,000-2.2% |
Source: | ||
| 7/2/2024 | Contingent | $365,000 |
Source: | ||
| 7/2/2024 | Listed for sale | $365,000 |
Source: | ||
| 5/19/2024 | Contingent | $365,000 |
Source: | ||
| 5/11/2024 | Listed for sale | $365,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Neighborhood: 60803
Nearby schools
GreatSchools rating
- 2/10Lane Elementary SchoolGrades: K-6Distance: 0.2 mi
- 5/10Prairie Jr High SchoolGrades: 7-8Distance: 0.5 mi
- 4/10A B Shepard High School (Campus)Grades: 9-12Distance: 2.3 mi
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
