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$460,000
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Property Description
Incredible Multi-Unit Opportunity in Alsip - Rented & Income-Generating! Here's your rare chance to own a beautiful, solid brick multi-unit building in Alsip! These buildings don't come up often-and for good reason. This property features two spacious units, each offering 3 bedrooms and 2 full bathrooms. Both units are occupied by long-term tenants, making this a great turnkey investment from day one. Each apartment includes a large, bright kitchen with sliding doors that open to private back porches-perfect for enjoying fresh air or a morning coffee. Unoccupied potential 2b 1b in the garden unit, needs to be rezoned under city compliance to use and make a legal 3 unit in accordance with Alsip. This offers excellent potential for future income growth. The building includes front and rear enclosed staircases, a long side driveway with ample off-street parking. Additional income is generated through on-site laundry facilities, adding to the building's already strong rental performance. Located just off Cicero and 123rd, offering quick access to I-294, public transportation, and just about 20 minutes to Midway Airport via Cicero Avenue. Sold strictly As-Is. Showings by appointment only 24hr notice come explore the possibilities today!
Full Property Details
Full Property Details for 12211 S Spencer St
General
- Sold For: $460,000
- Taxes: $12,259 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12455736
- Added to Site: 142 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Additional Information
- Other Features: School Bus Service, Interstate Access
Parking
- Total Spaces: 3
- Parking Features: Off-Street, Driveway, On Site, Owned
- Parking On-Site: Yes
Location
- Area: Alsip / Garden Homes
- County: Cook
- Driving Directions: 127th South on Cicero East on 122nd
School Information
- School District: 126
- Midd School District: 126
- Elementary School: Lane Elementary School
- Middle School: Prairie Junior High School
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: None
- Roof: Asphalt
- Year Built: 1990
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 3175
Financial Considerations
- Assessment Year: 1990
- Tax Amount: $12,259
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 24271020080000
Listed by UTR Investments LLC
Sold by HomeSmart Realty Group
Get Pre-Approved Today
Schools
Schools serving 12211 S Spencer St
| Name | Grades | Distance |
|---|---|---|
Lane Elementary School 4600 West 123rd Street, Alsip, IL 60803 | K-6 | 0.2 mi |
Prairie Jr High School 11910 South Kostner Avenue, Alsip, IL 60803 | 7-8 | 0.5 mi |
A B Shepard High School (Campus) 13049 South Ridgeland Avenue, Palos Heights, IL 60463 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 12211 S Spencer St
Date
Details
Price
Change
Source
10/31/2025
Sold
$460,000
—
MLS
9/17/2025
Price Increased
$460,000
4.55%
MLS
8/28/2025
Listed
$440,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
12211 S Spencer Street, Alsip, IL 60803 (MLS# 12455736) is a Multi-Family property that was sold at $460,000 on October 31, 2025. Want to learn more about 12211 S Spencer Street? Do you have questions about finding other Multi-Family real estate for sale in Alsip? You can browse all Alsip real estate or contact a Coldwell Banker agent to request more information.

