NOT LISTED FOR SALE

3850 W 124th St Alsip, IL 60803

9 Beds
6 Baths
3,589 Sq Ft
0.25 Acres

Last Sold June 06, 2023

Last sale price $510,000 $142 Per Sq Ft

21 Days on Market

About This Home

As of June 2023

Well maintained, all brick 6 flat building near Pulaski & 123rd, close to I-294, I-57, and shopping. * With 2 units on each of the three floors, this building has three one-bedroom units and three two-bedroom units. * Coin-operated common laundry on first floor. * Seven-space off-street parking, and a 2.5 car garage which could be rented for additional income. * Easy to rent.

Last Agent to Sell the Property

Mary Kaley

Baird & Warner License #475154965 Listed on: 02/26/2023

Baird & Warner

Co-Listed By

Kiana Szostak

Baird & Warner License #475158227

Last Buyer's Agent

Dean Benevice

New Chapter Realty, LLC License #471022107

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,293

Year Built

  • Built in 1971

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 63x180x64x174

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,589 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $530
  • Fuel Expense $5,707
  • Insurance Expense $2,564
  • Maintenance Expense $3,789
  • Other Expense $322
  • Trash Expense $2,175
  • Water Sewer Expense $2,308
  • Operating Expense $17,640
  • Gross Income $66,480
  • Net Operating Income $39,547

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,293

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1971
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Hot Water,Baseboard
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 2175
  • Water Sewer Expenses: 2308

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.25
  • Lot Dimensions: 63X180X64X174
  • Lot Size Sq Ft: 10962
  • Zoning: COMMR

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 3589

Multi Family

  • Net Operating Income: 39547
  • Fuel Expense: 5707
  • Insurance Expense: 2564
  • ElectricExpense: 530
  • GrossIncome: 66480
  • Maintenance Expense: 3789
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 17640
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 11293
  • Tax Year: 2021
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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
06/06/2023 06/06/23 Sold $510,000 -1.0% $142 / Sq Ft
03/20/2023 03/20/23 Pending -- -- --
02/26/2023 02/26/23 For Sale $515,000 -- $143 / Sq Ft
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 $6,029 $38,971
2024 $14,981 $45,000 $6,029 $38,971
2023 $11,831 $45,000 $6,029 $38,971
2022 $11,831 $30,615 $5,207 $25,408
2021 $11,293 $30,613 $5,206 $25,407
2020 $11,122 $30,613 $5,206 $25,407
2019 $11,429 $30,857 $4,658 $26,199
2018 $11,005 $30,857 $4,658 $26,199
2017 $12,743 $34,525 $4,658 $29,867
2016 $10,143 $26,855 $3,836 $23,019
2015 $9,893 $26,855 $3,836 $23,019
2014 $9,630 $26,855 $3,836 $23,019
2013 $9,381 $28,457 $3,836 $24,621
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11726067

Midwest Real Estate Data (MRED)