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Image 1 - West 123rd Street, Alsip, IL 60803, USA - House for sale
Image 2 - West 123rd Street, Alsip, IL 60803, USA - House for sale
Image 3 - West 123rd Street, Alsip, IL 60803, USA - House for sale
Image 4 - West 123rd Street, Alsip, IL 60803, USA - House for sale
Image 5 - West 123rd Street, Alsip, IL 60803, USA - House for sale
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Image 9 - West 123rd Street, Alsip, IL 60803, USA - House for sale
Home For Sale In Blue Island, Illinois
West 123rd Street, Alsip, IL 60803, USA

Home For Sale In Blue Island, Illinois

house for sale
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Listed: 03/09/24

West 123rd Street, Alsip, IL 60803, USA

Studio Bed:
2 Bath:
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Price
$ 675,000

About This House

2423 123rd St, a multi-family real estate gem comprising nine (9) spacious units located in the Blue Island suburb of Chicago. Nestled in a strategic location, the property offers easy access to essential amenities and transportation, enhancing its appeal to potential tenants. 2423 123rd St has a desirable unit mix comprised of three (3) 3 bed/1.5 bath units and six (6) 2 bed/1.5 bath units. Additional highlights include a newer boiler and HVAC units, along with the roof being recently silver lined. Investors can gain additional income from the four (4) covered parking spaces located in the rear of the building. Positioned for substantial income potential, the current under-market rents present an immediate avenue for increasing cash flow. Furthermore, solely through improved leasing and management and bringing the rents to increased levels, a new owner will enjoy steady returns on this opportunist investment

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Alsip Housing & Living

Household Income

Median household income: $52,432
Number of households: 7,318
The average household income in Alsip, IL declined from $53,628 to $52,432 in the past year. This data is an estimate based upon 7,318 households in Alsip, IL.
The chart below presents how household income is distributed in Alsip, IL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Alsip, IL compared to median property taxes around the country. The prevalent amount of property taxes in Alsip, IL equals $3k+ , which is more than the national average.