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$365,000

12227 SPENCER Street, Alsip, IL 60803
5 Beds2 Baths26 days
12227 SPENCER Street·Alsip, IL 60803
5Bedrooms
2Bathrooms
1985Year Built
About This Home

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# 12051221Listed May 10, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms5
Total Bathrooms2
Total Rooms9

Size & Structure

Garage Spaces2
Year Built1985
Lot Size73.070 acres

Location

CountyCook
TownshipWorth
Zip Code60803

Financial

List Price$365,000
Annual Taxes (2022)$6,703
Monthly Tax Est.$559
Parcel #24271020150000
Interior Features

Heating

Natural Gas

Basement

Crawl Space
Exterior & Lot

Construction

Brick

Roof

Asphalt

Foundation

Concrete Perimeter
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

On SiteGarage OwnedDetachedGarage
Tax & Financial
Annual Taxes
$6,703
Tax Year 2022
Monthly Tax Est.
$559
per month
Property Location

12227 SPENCER Street, Alsip, IL 60803Cook County

$365,000
12227 SPENCER Street
5 bd2 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
26 days on market
2-car garage
73.070 acres
$6,703/yr taxes
$2,477
estimated monthly payment
Principal & Interest
$1,918/mo
Property Tax
$559/mo
$365,000
20% — $73,000
3%50%
6.875%
3%12%
Loan Amount
$292,000
Down Payment
$73,000

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

Listed by
RE/MAX 10
Agent: Dale Taylor
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