Seller's Agent in 2020
Fahim Aref
Freedom Realty Group LLC
(708) 970-8555
1 Total Sale
1735 E 71st St Chicago, IL 60649
South Shore NeighborhoodEstimated Value: $456,287
1
Bed
8
Baths
--
Sq Ft
6,098
Sq Ft Lot Lot
About This Home
As of February 2020Own a South Shore, mixed-use commercial property right on 71st Street retail strip. Solid brick corner lot 2 blocks from Starbucks. Over 5000sf of ground level commercial space zoned B3-3. Can be subdivided into 5 separate 1000sf retail spaces leased @ $12sf. No current commercial leases allow build out to maximize rental income. Entire 2nd floor is 4200sf with 8 residential studio apartments. All updates done and no city violations. Brand new Porch and other improvements. Entire Commercial space is leased and also 4 of the 8 studio apartments also leased.
Last Agent to Sell the Property
Freedom Realty Group LLC License #475155349 Listed on: 01/02/2019
Property Details
Home Type
- Multi-Family
Year Built
- 1924
Lot Details
- 6,098
Home Design
- Brick Exterior Construction
Utilities
- Central Air
Community Details
- Fuel Expense $3,000
- Insurance Expense $4,000
Listing and Financial Details
- Tenant pays for electric, heat
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 12, 2025
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Outstanding Balance
$645,044
Interest Rate
6.95%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 2, 2019
Closed on
Feb 3, 2020
Sold by
Bought by
Seller's Agent
Fahim Aref
Freedom Realty Group LLC
Buyer's Agent
Paul Johnson
Web Property Manager LLC
List Price
$374,900
Sold Price
$337,500
Premium/Discount to List
-$37,400
-9.98%
Purchase Details
Closed on
Sep 25, 2015
Sold by
Bought by
Purchase Details
Closed on
Dec 11, 2014
Sold by
Bought by
Purchase Details
Closed on
Apr 19, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
8.5%
Mortgage Type
Commercial
Purchase Details
Closed on
May 18, 1998
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
7.27%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 30, 1997
Sold by
Bought by
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $600,000 | Chicago Title | ||
| $337,500 | Old Republic Title | ||
| $105,000 | None Available | ||
| -- | None Available | ||
| $420,000 | First American | ||
| $80,000 | -- | ||
| -- | -- |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $650,000 | ||
| Previous Owner | $250,000 | ||
| Previous Owner | $116,000 |
Source: Public Records
Property 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 | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/05/2020 02/05/20 | Sold | $337,500 | -10.0% | -- |
| 02/05/2020 02/05/20 | For Sale | $374,900 | +11.1% | -- |
| 01/31/2020 01/31/20 | Off Market | $337,500 | -- | -- |
| 01/13/2020 01/13/20 | Pending | -- | -- | -- |
| 08/21/2019 08/21/19 | Price Changed | $374,900 | 0.0% | -- |
| 07/25/2019 07/25/19 | Price Changed | $375,000 | -3.6% | -- |
| 05/16/2019 05/16/19 | Price Changed | $389,000 | -2.5% | -- |
| 03/28/2019 03/28/19 | For Sale | $399,000 | 0.0% | -- |
| 03/28/2019 03/28/19 | Price Changed | $399,000 | +14.3% | -- |
| 02/12/2019 02/12/19 | Pending | -- | -- | -- |
| 01/02/2019 01/02/19 | For Sale | $349,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax 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.
| 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 | $17,213 | $45,008 | $6,100 | $38,908 |
| 2024 | $17,213 | $76,397 | $10,858 | $65,539 |
| 2023 | $16,456 | $63,442 | $5,490 | $57,952 |
| 2022 | $16,456 | $63,442 | $5,490 | $57,952 |
| 2021 | $16,068 | $63,441 | $5,490 | $57,951 |
| 2020 | $15,897 | $57,747 | $5,490 | $52,257 |
| 2019 | $14,450 | $57,747 | $5,490 | $52,257 |
| 2018 | $14,117 | $57,747 | $5,490 | $52,257 |
| 2017 | $13,606 | $51,567 | $4,575 | $46,992 |
| 2016 | $12,618 | $51,567 | $4,575 | $46,992 |
| 2015 | $6,989 | $31,408 | $4,575 | $26,833 |
| 2014 | $11,473 | $51,266 | $4,575 | $46,691 |
| 2013 | $9,028 | $40,800 | $4,575 | $36,225 |
Source: Public Records
Agents Affiliated with this Home
-
Fahim Aref
-
Paul Johnson
P
Buyer's Agent in 2020
Paul Johnson
Web Property Manager LLC
(773) 791-2337
1 in this area
12 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD10162878
APN: 20-25-103-001-0000
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.
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
Nearby Homes
- 1757 E 71st Place
- 7146 S Constance Ave
- 1758 E 72nd St
- 7133 S Constance Ave
- 7016 S East End Ave
- 7208 S East End Ave Unit B
- 6950 S Cregier Ave Unit I
- 7150-52 S Cornell Ave
- 7023 S Bennett Ave
- 7221 S Bennett Ave
- 6934 S Cornell Ave
- 7310 S Constance Ave
- 6845 S Ridgeland Ave
- 6840 S Cregier Ave
- 6840 S Constance Ave
- 1526 E 72nd Place
- 6910 S Euclid Ave
- 6835 S Cornell Ave Unit 2S
- 1506 E 72nd Place
- 7339 S Bennett Ave
- 1741 E 71st St
- 1743 E 71st St Unit STOR
- 1743 E 71st St
- 1745 E 71st St
- 7109 S Ridgeland Ave
- 7115 S Ridgeland Ave
- 7106 S Ridgeland Ave Unit 202
- 7106 S Ridgeland Ave
- 7109-7115 S Ridgeland Ave
- 7110 S Ridgeland Ave
- 1721 E 71st St
- 1748 E 71st Place
- 1756 E 71st Place
- 1724 E 71st St
- 1750 E 71st St
- 7114 S Ridgeland Ave
- 1805 E 71st St
- 7131 S Ridgeland Ave
- 7108 S Constance Ave
- 7040 S Cregier Ave
Your Personal Tour Guide
Ask me questions while you tour the home.