12227 South Spencer Street

Alsip, IL 60803

$365,000
Price
5
Beds
2
Baths
2,066 Sq. Ft.
$177 / Sq. Ft.
2,066
Sq. Ft.
$177
per Sq. Ft.

Description

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...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.
  1. Listed by Dale Taylor • RE/MAX 10

Property Details for 12227 South Spencer Street

Area
Alsip / Garden Homes
Township
Worth
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas
Zoning
MULTI

Location

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LISTING UPDATED: 05/19/2024 01:19 PM

Property Details for 12227 South Spencer Street

StatusContingent
MLS #12051221
Days on Market9
Taxes$6,703 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1985
Lot Size73.07 AC / 3,182,929 SF
CountyCook County

Location

Listing Courtesy of RE/MAX 10
Add your commute

Building Information for 12227 South Spencer Street

Stories-Residences2Year Built1985Building Size-Lot Size73.07 AC / 3,182,929 SF

Payment Calculator

$2,551 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,992

Property Taxes

$559

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 12227 South Spencer Street

General Information
School Information
  • Elementary School District: 126
  • High School District: 126
  • Middle Or Junior School District: 126
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Location and General Information
  • Postal Code Plus 4: 2527
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Num Of Rooms: 9
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 5
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Num of Baths: 2.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
  • Other Equipment: TV-Cable, Intercom, Ceiling Fan(s), Water Heater-Gas
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: No
  • Age: 31-40 Years
  • Lot Description: Fenced Yard
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 37X127
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • South Coordinate: 12200
  • West Coordinate: 5100
  • Lot Size Source: County Records
  • 3 Br Un In Bldg: Yes
  • Conversion: N
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA, Cash
  • Public Document Count: 1
  • Document Date: 2024-05-13T14:58:47
  • Photos Count: 34
  • Deconversion: N
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $960.00
  • Fuel Expense: $900.00
  • Gross Income: $.00
  • Insurance Expense: $1,900.00
  • Maintenance Expense: $.00
  • Manager Expense: $.00
  • Electric Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Manager Expense Source: OP
  • Other Expense Source: Owner Projection
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Year: 2024
  • Net Operating Income: $.00
  • Professional Management Expense: $400.00
  • Trash Expense: $.00
  • Water Sewer Expense: $672.00
  • Other Expenses $: 0
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 0
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 0

Property History for 12227 South Spencer Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12227 South Spencer Street

Taxable ValueLand$1,508Additions$9,915Total$11,423
Tax Record2022$3,351 ($279 / month)
Home Facts
Baths2Total Finished SqFt2,066 SqFtAbove Grade Finished SqFt2,066 SqFtStories2Lot Size3,175 SqFtStyleMulti-Family Res (5+ Units)Year Built1985CountyCOOKAPN24-27-102-016

Schools near 12227 South Spencer Street

This home is within Alsip-Hazlgrn-Oaklwn School District 126.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lane Elementary School
PublicK to 6

Prairie Jr High School
Public7 to 8

A B Shepard High School (Campus)
Public9 to 12

Delta Learning Center
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX 10

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 05/19/2024 01:19 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.