NOT LISTED FOR SALE

1462 W 79th St Chicago, IL 60620

Auburn Gresham Neighborhood

Estimated Value: $573,000 - $596,000

12 Beds
7 Baths
6,604 Sq Ft
$89/Sq Ft Est. Value

Sale Details

Date Sold: July 13, 2023

Last sale price $462,000 $70 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $3,744 / mo

71 Days on Market

Highlights

  • Forced Air Heating System
  • Paved or Partially Paved Lot
  • 5-minute walk to Renaissance Park

About This Home

As of July 2023

Newer, mixed-use building. Features 3 renovated apartments with 4 bedrooms, 2 full baths, in-unit laundry, with central air and central heat. Rents could be much higher from $1600-$1800 a month. Commercial space features 1800 square foot of retail space. Secure building. Conveniently located to public transportation, Midway Airport and the Loop makes this location attractive to commuters and businesses alike. GREAT INVESTMENT OPPORTUNITY!!!!

Last Agent to Sell the Property

Jose Morales

RE/MAX 10 License #475124679 Listed on: 11/14/2022

RE/MAX 10

Last Buyer's Agent

Vince Ewing

Keller Williams ONEChicago License #475189242

Keller Williams ONEChicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,304

Year Built

  • Built in 2009

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 25x125
  • Paved or Partially Paved Lot

Home Design

  • Flat Roof Shape
  • Rubber Roof

Interior Spaces

  • 4-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 7 Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Space is Owned
  • Unassigned Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $1,200
  • Insurance Expense $2,140
  • Trash Expense $2,298
  • Water Sewer Expense $2,475
  • Gross Income $64,000
  • Net Operating Income $50,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,304

Year Built

Built in 2009

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2009
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): No
  • Rebuilt Year: 2009
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 7
  • Total Bedrooms: 12
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up
  • AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up

Exterior Features

  • Roof: Rubber, Flat
  • Waterfront: No
  • Exterior Building Type: Brick,Block

Garage/Parking

  • Parking Features: Unassigned, Off Alley
  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Trash Expense: 2298
  • Water Sewer Expenses: 2475

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.06
  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 50540
  • Insurance Expense: 2140
  • ElectricExpense: 1200
  • GrossIncome: 64000
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Story Unit/s

Tax Info

  • Tax Annual Amount: 8304
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2022
Closed on
Jul 6, 2023
Sold by
Old National Bank
Bought by
Independent Reentry Housing Llc
Seller's Agent
Jose Morales
RE/MAX 10
Buyer's Agent
Vince Ewing
Keller Williams ONEChicago
List Price
$530,000
Sold Price
$462,000
Premium/Discount to List
-$68,000
-12.83%
Views
32
Current Estimated Value
$584,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,500
Avg. Annual Appreciation
8.67%

Purchase Details

Closed on
Oct 10, 2019
Sold by
Cpc Construction Inc
Bought by
First Midwest Bank and Trust Number 9545

Purchase Details

Closed on
Sep 23, 2016
Sold by
Clifden Properties Inc
Bought by
Cpc Construction Inc

Purchase Details

Closed on
Mar 9, 2011
Sold by
Jhs Llc
Bought by
Sbc Reo Llc

Purchase Details

Closed on
Sep 21, 2004
Sold by
Searles Stephen A
Bought by
Jhs Llc

Purchase Details

Closed on
Aug 14, 2000
Sold by
Kuss Theodore and Kuss Florence
Bought by
Chicago Title Land Trust Company and Trust #1109010
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Independent Reentry Housing Llc $462,000 Chicago Title
First Midwest Bank -- None Available
Cpc Construction Inc -- None Available
Sbc Reo Llc -- None Available
Jhs Llc -- --
Chicago Title Land Trust Company $95,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2023 07/13/23 Sold $462,000 0.0% $70 / Sq Ft
01/25/2023 01/25/23 Pending -- -- --
01/20/2023 01/20/23 Off Market $462,000 -- --
12/13/2022 12/13/22 Price Changed $499,950 -5.7% $76 / Sq Ft
11/14/2022 11/14/22 For Sale $530,000 -- $80 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,963 $45,000 $1,500 $43,500
2024 $6,963 $45,000 $1,500 $43,500
2023 $8,379 $33,000 $1,950 $31,050
2022 $8,379 $33,000 $1,950 $31,050
2021 $8,304 $33,000 $1,950 $31,050
2020 $5,349 $19,319 $1,950 $17,369
2019 $5,449 $21,954 $1,950 $20,004
2018 $5,444 $21,954 $1,950 $20,004
2017 $5,779 $21,612 $1,800 $19,812
2016 $6,512 $26,097 $1,800 $24,297
2015 $6,115 $26,097 $1,800 $24,297
2014 $5,304 $22,563 $1,650 $20,913
2013 $5,155 $22,563 $1,650 $20,913
Source: Public Records

Agents Affiliated with this Home

  • Jose Morales

    Seller's Agent in 2023

    Jose Morales

    RE/MAX

    (773) 315-1966

    1 in this area

    72 Total Sales

    Jose Morales
    Section Image
  • Vince Ewing

    Buyer's Agent in 2023

    Vince Ewing

    Keller Williams ONEChicago

    (773) 807-8119

    2 in this area

    29 Total Sales

    Vince Ewing
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11672692

Midwest Real Estate Data (MRED)

APN: 20-29-318-036-0000

Illinois Cook County Chicago 60620 Auburn Gresham

1462 W 79th St, Chicago, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) 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. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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