NOT LISTED FOR SALE

12227 S Spencer St Alsip, IL 60803

5 Beds
2 Baths
-- Sq Ft
73.07 Acres

Last Sold August 01, 2024

Last sale price $357,000

6 Days on Market

Highlights

  • 73.07 Acre Lot
  • 2 Car Detached Garage
  • Ceiling Fan
  • Fenced Yard
  • Intercom
  • Senior Tax Exemptions

About This Home

As of August 2024

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.

Last Agent to Sell the Property

Dale Taylor

RE/MAX 10 License #475134664 Listed on: 05/10/2024

RE/MAX 10

Last Buyer's Agent

Marisela Mayorga

Mayorga Realty Inc License #471015650

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,703

Year Built

  • Built in 1985

Lot Details

  • 73.07 Acre Lot
  • Lot Dimensions are 37x127
  • Fenced Yard
  • Additional Parcels

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Crawl Space
  • Intercom

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • 2 Units
  • 2 Flat

Building Details

  • Electric Expense $960
  • Fuel Expense $900
  • Insurance Expense $1,900
  • Professional Management Expense $400
  • Water Sewer Expense $672

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,703

Year Built

Built in 1985

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 400
  • Year Built: 1985
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Other Equipment: TV-Cable, Intercom, Ceiling Fan(s), Water Heater-Gas
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 365000
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 672
  • Other Expenses $: 0
  • Trash Expense Year: 2024

Schools

  • Middle/Junior School District: 126

Lot Info

  • Additional Parcels Description: 24271020160000
  • Additional Parcels: Yes
  • Lot Size Acres: 73.07
  • Lot Dimensions: 37X127
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • Fuel Expense: 900
  • Insurance Expense: 1900
  • ElectricExpense: 960
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 6702.84
  • Tax Year: 2022
  • Tax Exemptions: Homeowner,Senior

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2024 08/01/24 Sold $357,000 -2.2% --
05/18/2024 05/18/24 Pending -- -- --
05/11/2024 05/11/24 For Sale $365,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12051221

Midwest Real Estate Data (MRED)