12227 South Spencer Street
12227 South Spencer Street
$365,000
5
2
2,066
2,066
$177
Contingent
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.
- Listed by Dale Taylor • RE/MAX 10
Property Details for 12227 South Spencer Street
Area
Alsip / Garden Homes
TownshipWorth
OwnershipFee Simple
Num Of Garage Spaces2.0
Num Of Parking Spaces2.0
Parking Included in PriceYes
Heat/FuelNatural Gas
ZoningMULTI
Location
LISTING UPDATED: 05/19/2024 01:19 PM
Property Details for 12227 South Spencer Street
Status | Contingent |
---|---|
MLS # | 12051221 |
Days on Market | 9 |
Taxes | $6,703 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 2 Flat |
Year Built | 1985 |
Lot Size | 73.07 AC / 3,182,929 SF |
County | Cook County |
Location
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
The Payment Calculator is for illustrative purposes only.
Property Information for 12227 South Spencer Street
Property History for 12227 South Spencer Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.