Closed

$460,000

12211 Spencer Street, Alsip, IL 60803
6 Beds4 Baths21 days
12211 Spencer Street·Alsip, IL 60803
6Bedrooms
4Bathrooms
1990Year Built
About This Home

Incredible Multi-Unit Opportunity in Alsip - Rented & Income-Generating! Here's your rare chance to own a beautiful, solid brick multi-unit building in Alsip! These buildings don't come up often-and for good reason. This property features two spacious units, each offering 3 bedrooms and 2 full bathrooms. Both units are occupied by long-term tenants, making this a great turnkey investment from day one. Each apartment includes a large, bright kitchen with sliding doors that open to private back porches-perfect for enjoying fresh air or a morning coffee. Unoccupied potential 2b 1b in the garden unit, needs to be rezoned under city compliance to use and make a legal 3 unit in accordance with Alsip. This offers excellent potential for future income growth. The building includes front and rear enclosed staircases, a long side driveway with ample off-street parking. Additional income is generated through on-site laundry facilities, adding to the building's already strong rental performance. Located just off Cicero and 123rd, offering quick access to I-294, public transportation, and just about 20 minutes to Midway Airport via Cicero Avenue. Sold strictly As-Is. Showings by appointment only 24hr notice come explore the possibilities today!

MLS# 12455736Listed August 28, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms6
Total Bathrooms4
Total Rooms14

Size & Structure

Year Built1990
Lot Size3,175

Location

CountyCook
TownshipWorth
Zip Code60803

Financial

List Price$460,000
Annual Taxes (2023)$12,259
Monthly Tax Est.$1,022
Parcel #24271020080000
Interior Features

Heating

Natural Gas

Basement

None
Exterior & Lot

Construction

Brick

Roof

Asphalt
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

Off StreetDrivewayOn SiteOwned
HOA & Community

Community Features

SidewalksStreet Paved
Schools
Elementary
Lane Elementary School
District: 126
Middle School
Prairie Junior High School
District: 126
Tax & Financial
Annual Taxes
$12,259
Tax Year 2023
Monthly Tax Est.
$1,022
per month
Property Location

12211 Spencer Street, Alsip, IL 60803 — Cook County

$460,000
12211 Spencer Street
6 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
21 days on market
3,175
$12,259/yr taxes
$3,439
estimated monthly payment
Principal & Interest
$2,417/mo
Property Tax
$1,022/mo
$460,000
20% — $92,000
3%50%
6.875%
3%12%
Loan Amount
$368,000
Down Payment
$92,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
UTR Investments LLC
Agent: Tericia Ruff
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