NOT LISTED FOR SALE

3615 W 120th St Alsip, IL 60803

8 Beds
5 Baths
-- Sq Ft
1969 Built

Last Sold July 12, 2024

Last sale price $545,000

98 Days on Market

About This Home

As of July 2024

Amazing 4 unit investment opportunity!!! This extremely well maintained building features a 3 bedroom/2 bath unit, two 2 bedroom/1 bath units and one 1 bedroom/1 bath unit. Updates include: newer bathtubs in all units, kitchen appliances in unit 2N, oven/ranges in units 2N and 2S and refrigerator in unit 2N, building water heater (2023), stainless steel appliances in unit 1N and A/C unit 1S (2022), refrigerator and oven/range in unit 1S, sump pump and back up sump system (2020), kitchen cabinets unit 2B and A/C unit 1N (2019), A/C unit 2S (2018), refrigerator unit 1N and unit 2S (2017), oven/range and refrigerator in unit 2S (6 years). Master bath remodel unit 1N, 2N and 2S, windows (2015/16), boiler (10-12 years). Speed Queen Commercial washer and dryer (coin laundry income appx. $1,387/year). Ample parking in the rear parking lot! Property taxes are $12,029.91 with no exemptions. Great location near shopping, restaurants and access to I-294! Pre-approval or proof of funds required prior to showing.

Last Agent to Sell the Property

Mary Wallace

Coldwell Banker Realty License #475136800 Listed on: 02/08/2024

Coldwell Banker Realty

Last Buyer's Agent

Rubia Siddiqi

Executive Realty Group LLC License #475157095

Executive Realty Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,030

Year Built

  • Built in 1969

Lot Details

  • Lot Dimensions are 50x119.2
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 5 Bathrooms

Basement

  • Crawl Space

Parking

  • 5 Parking Spaces
  • Uncovered Parking
  • Parking Lot
  • Parking Included in Price
  • Assigned Parking

Schools

  • Meadow Lane Elementary School
  • Hamlin Upper Grade Center Middle School

Utilities

  • Radiator
  • Baseboard Heating
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $411
  • Fuel Expense $3,594
  • Insurance Expense $3,735
  • Trash Expense $1,004
  • Water Sewer Expense $1,966
  • Gross Income $59,100
  • Net Operating Income $36,227

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,030

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1969
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 5
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 569900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned, Parking Lot
  • ParkingTotal: 5
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Heating: Baseboard, Radiator(s)
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Trash Expense: 1004
  • Water Sewer Expenses: 1966
  • Other Expenses $: 133
  • Trash Expense Year: 2023

Schools

  • Elementary School: Meadow Lane School
  • Middle/Junior School: Hamlin Upper Grade Center
  • Middle/Junior School District: 125

Lot Info

  • Lot Dimensions: 50X119.2
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 36227
  • Fuel Expense: 3594
  • Insurance Expense: 3735
  • ElectricExpense: 411
  • GrossIncome: 59100
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 12029.91
  • Tax Year: 2022
  • Tax Exemptions: None

Range of Values:

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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 Change Sq Ft Price
07/12/2024 07/12/24 Sold $545,000 -4.4% --
05/17/2024 05/17/24 Pending -- -- --
03/27/2024 03/27/24 Price Changed $569,900 -5.0% --
03/06/2024 03/06/24 For Sale $599,900 0.0% --
03/01/2024 03/01/24 Pending -- -- --
02/08/2024 02/08/24 For Sale $599,900 +172.7% --
01/18/2017 01/18/17 Sold $220,000 -15.1% --
10/23/2016 10/23/16 Pending -- -- --
10/17/2016 10/17/16 For Sale $259,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11974992

Midwest Real Estate Data (MRED)