Estimated payment $3,461/month
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,259
Year Built
- Built in 1990
Lot Details
- Paved or Partially Paved Lot
- Additional Parcels
Home Design
- Brick Exterior Construction
- Asphalt Roof
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 4 Bathrooms
Parking
- 3 Parking Spaces
- Driveway
- Off-Street Parking
Schools
- Lane Elementary School
- Prairie Junior High School
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- 2 Units
- Gross Income $3,030
Listing and Financial Details
- Homeowner Tax Exemptions
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/17/2025 09/17/25 | Pending | -- | -- | -- |
| 09/17/2025 09/17/25 | Price Changed | $460,000 | +4.5% | -- |
| 08/28/2025 08/28/25 | For Sale | $440,000 | +15.8% | -- |
| 04/15/2022 04/15/22 | Sold | $380,000 | -8.4% | -- |
| 03/02/2022 03/02/22 | Pending | -- | -- | -- |
| 02/28/2022 02/28/22 | For Sale | $415,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12455736
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