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Listed price in listed location currency (USD).
$357,000
$365,000

522

MLS® 12051221

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $6,703
Lot Size 73.07 acres
Approx. Age 1985
MLS® Number 12051221

Property Address: 12227 S Spencer St, Alsip, IL, 60803-2527

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number12051221
Laundry Level
Central VacNo
FireplaceNo
Acreage73.07
Exterior
GarageYes
Approx. Age1985
BasementNone
Driveway
Garage Spaces2
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

Jun 4, 2024End Date
$357,000Sold Price

Sold

May 10, 2024List Date
$365,000List Price
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Starting Address
Destination Address
12227 S Spencer St, Alsip, IL

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