NOT LISTED FOR SALE

12304 S Springfield Ave Alsip, IL 60803

9 Beds
-- Bath
-- Sq Ft
0.25 Acres

Last Sold August 21, 2015

Last sale price $278,000

118 Days on Market

About This Home

As of August 2015

Excellent multi-family investment opportunity!! +/-4,000 SF, 6-flat in Alsip, IL. comprised of (3) 2-bedroom and (3) 1-bedroom apartments with 12 parking spaces. Close proximity to Pace bus route 385 and easy access to the Tri-State Tollway. Fully leased, with long term, stable tenants. Well located, with excellent exposure along the southwest corner of 123rd Street and Springfield Avenue.

Last Agent to Sell the Property

Laurie Ramirez

Sperry Van Ness Listed on: 04/08/2015

Last Buyer's Agent

Ed Kagan

Kagan Real Estate, Inc. License #475059676

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,205

Year Built

  • Built in 1971

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 81x139

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 9 Bedrooms
  • 3-Story Property

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $3,500
  • Maintenance Expense $3,000
  • Trash Expense $600
  • Gross Income $54,600
  • Net Operating Income $32,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,205

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1971
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: 26-35 Years
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 9
  • Room: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Radiators

Fee Information

  • Trash Expense: 600

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.25
  • Lot Dimensions: 81X139
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 32000
  • Insurance Expense: 3500
  • GrossIncome: 54600
  • Maintenance Expense: 3000
  • NumberOfUnitsTotal: 6
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 11205
  • Tax Year: 2013
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2015 08/21/15 Sold $278,000 -15.5% --
08/04/2015 08/04/15 Pending -- -- --
04/08/2015 04/08/15 For Sale $329,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,981 $45,000 $6,160 $38,840
2024 $14,981 $45,000 $6,160 $38,840
2023 $12,787 $45,000 $6,160 $38,840
2022 $12,787 $32,811 $5,320 $27,491
2021 $12,203 $32,811 $5,320 $27,491
2020 $12,011 $32,811 $5,320 $27,491
2019 $10,155 $27,800 $4,760 $23,040
2018 $9,778 $27,800 $4,760 $23,040
2017 $14,698 $39,304 $4,760 $34,544
2016 $11,120 $29,202 $3,920 $25,282
2015 $10,852 $29,202 $3,920 $25,282
2014 $10,560 $29,202 $3,920 $25,282
2013 $11,205 $33,479 $3,920 $29,559
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08884794

Midwest Real Estate Data (MRED)