Located in Alsip, this all-brick townhouse, built in 1976, offers 3 bedrooms, 1.5 bathrooms, and 1,200 square feet of living space on a 0.44-acre lot. The property includes a finished basement and two assigned exterior parking spaces. It is currently tenant-occupied, and showings are available by appointment only.

Financial Snapshot

The property is offered at a marketing price of $134,900.
The projected after-repair value (ARV) is $180,000, supported by recent comparable sales in the neighborhood:

• 12762 S Kenneth Ave Unit H, Alsip, IL 60803 – CTG @ $193,000
• 12738 S Kenneth Ave Unit SE, Alsip, IL 60803 – SOLD @ $174,000 on 12/23/2024

Estimated rental income is $1,750 per month, with annual property taxes of $5,834.

Property Overview

This townhouse features 8 total rooms, including a spacious family room (25x20) in the finished basement. The unit offers in-unit laundry (washer & dryer included), central air, and gas/electric heat. The all-brick exterior is well maintained.. Two assigned exterior parking spaces are included.

Community & HOA

• HOA Fee: $200/month
• Includes: Water, exterior maintenance, lawn care, scavenger, and snow removal
• Ownership: Owner-occupied and rentals allowed

Investment Highlights

This is a turnkey investment in a quiet, residential community with strong rental demand. The townhouse’s durable brick construction, finished basement, and pet-friendly policy make it an attractive option for both tenants and future buyers. Investors can expect stable cash flow and potential for appreciation given the comparable values nearby.

Market Context

Alsip has shown steady value appreciation over the past five years, supported by consistent rental demand from working families seeking affordable suburban living with convenient access to Chicago. The local housing market remains stable, and townhouse-style units continue to perform well due to limited new supply. Proximity to Cicero Ave, 127th St, and Kostner Ave, along with nearby shopping, restaurants, and public transit, enhances long-term desirability for both residents and investors.

Terms

Cash or hard-money buyers only. Seller financing is not available.

Contact

For all inquiries, showing requests, or additional information, please call 1-888-775-4570 or email sales@sharpedgeproperty.com.