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855.375.4001
Listing Courtesy of: Dale Taylor - RE/MAX 10 815-485-5500
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12227 Spencer Street Alsip, IL 60803

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Multi-Family Residence
5 Beds
2 Baths
... Bed/Bath
Sq. Ft.
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Last updated on 10/5/2024 2:35 AM

Listing Details

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 FR...OM 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. Continue reading
MLS#
12051221
Property Type
Multi-Family
Bedrooms
5
Bathrooms
Year Built
1985
Lot Size
73
Sewer
Public Sewer
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Listing Courtesy of: Dale Taylor - RE/MAX 10 815-485-5500
Andrea D. Conner, License 471020674, Xome Inc., License 478026347, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


© 2024 Midwest Real Estate Data LLC. All rights reserved. Listings courtesy of MRED MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of 10/5/2024.. 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. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to [email protected]. The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
This content last refreshed on 10/5/2024 2:35 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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