Pedro Castaneda
Compass
(844) 448-1434
98 Total Sales
1 in South Shore
$305,000 Price
1741 E 71st St Chicago, IL 60649
South Shore NeighborhoodEstimated Value: $581,636
8
Beds
8
Baths
3,300
Sq Ft
$176/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Forced Air Heating System
- 4-minute walk to Stony Island Station
About This Home
As of June 2023DO NOT MISS THIS SOUTH SHORE GEM. EIGHT ONE BEDROOM UNITS AND 3 COMMERICAL SPACES ON GROUND LEVEL. ONE MILE FROM THE OBAMA PRESIDENTIAL CENTER (NOW BEING BUILT) SCHEDULE FOR 2025 OPENING. 71ST STREET WILL BE THE NEXT HOT AREA FOR SHOPPING, RESTAURANTS AND RENTAL UNITS ACCORDING TO THE OBAMA PLANNING COMMITTEE. LAST 8 YEARS OF IMPROVEMENT INCLUDES: ROOF (2015) PORCH (2015) TUCKPOINTING (2015) AND A FEW UNITS HAVE BEEN REMODELED. TWO OF THE COMMERCIAL SPACES HAVE SOLID TENANTS. CLOSE TO SHOPPING AND TRANSPORTATION (METRA STATION 2 BLOCK AWAY) DUSABLE LAKE SHORE DR. AND PUBLIC TRANSPORTATION. RENTS CAN BE AS HIGH A $950 PER MONTH WHICH WILL INCREASE YOUR CAP RATE. SOLD "AS IS"
Last Agent to Sell the Property
Baird & Warner License #475147295 Listed on: 03/15/2023
Last Buyer's Agent
Arrick Pelton
Baird & Warner License #475166341
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,324
Year Built
- Built in 1952
Lot Details
- 5,000 Sq Ft Lot
- Lot Dimensions are 80 x 125
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- 3,300 Sq Ft Home
- 4-Story Property
- Basement Cellar
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Location
- Property is near public transit
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
- 100 Amp Service
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $1,032
- Insurance Expense $5,170
- Maintenance Expense $550
- Trash Expense $2,896
- Water Sewer Expense $11,745
- Operating Expense $27,381
- Gross Income $96,150
- Net Operating Income $33,316
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
Listed on
Mar 15, 2023
Closed on
Jun 9, 2023
Sold by
Chicago Title Land Trust Company
Bought by
Seller's Agent
Clarence Thompson
Baird & Warner
Buyer's Agent
Arrick Pelton
Baird & Warner
List Price
$550,000
Sold Price
$495,000
Premium/Discount to List
-$55,000
-10%
Views
28
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,636
Avg. Annual Appreciation
5.04%
Original Mortgage
$321,750
Outstanding Balance
$134,271
Interest Rate
5.71%
Mortgage Type
Credit Line Revolving
Estimated Equity
$447,365
Purchase Details
Closed on
Nov 22, 2017
Sold by
Css Group Investment Inc
Bought by
Chicago Title Land Trust Co 8002376554
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
3.9%
Mortgage Type
Construction
Purchase Details
Closed on
Aug 12, 2015
Sold by
1743 East 71St Corp
Bought by
Css Group Investment Inc
Purchase Details
Closed on
Mar 23, 2005
Sold by
Chicago Title Land Trust Co
Bought by
1743 East 71St Corp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.75%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 20, 1996
Sold by
Cole Taylor Bank
Bought by
Chicago Trust Company
Purchase Details
Closed on
Jan 10, 1995
Sold by
Sheahan Michael F
Bought by
Cole Taylor Bank
Purchase Details
Closed on
Nov 17, 1993
Sold by
Preferred Investments Inc
Bought by
Urb Inc
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Shore, IL
-
Pedro Castaneda
-
Angel Rosales
Angel Rosales
PROSALES REALTY
(844) 510-1107
95 Total Sales
1 in South Shore
$200,000 Price
-
Crystal Nwaokocha
Crystal Nwaokocha
Coldwell Banker Realty
(708) 694-9651
25 Total Sales
1 in South Shore
$170,000 Price
-
DeMarcus Hunter
DeMarcus Hunter
Compass
(877) 764-1862
78 Total Sales
2 in South Shore
$129K - $300K Price Range
-
Oliva Escutia
Oliva Escutia
Real People Realty
(815) 893-2710
59 Total Sales
1 in South Shore
$28,000 Price
-
Ramara Vassel
Ramara Vassel
Responds QuicklyEXIT Strategy Realty
(833) 322-5943
31 Total Sales
1 in South Shore
$580,000 Price
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 |
|---|---|---|---|
| $495,000 | Chicago Title | ||
| Chicago Title Land Trust Co 8002376554 | $337,000 | Chicago Title Land Trust Co | |
| Css Group Investment Inc | $99,000 | Attorney | |
| 1743 East 71St Corp | $525,000 | Stewart Title Of Illinois | |
| Chicago Trust Company | $70,000 | -- | |
| Cole Taylor Bank | -- | -- | |
| Urb Inc | $40,000 | -- | |
| Crum Garland | $146,666 | -- |
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 | $321,750 | ||
| Previous Owner | Chicago Title Land Trust Co 8002376554 | $272,000 | |
| Previous Owner | 1743 East 71St Corp | $420,000 |
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 |
|---|---|---|---|---|
| 06/08/2023 06/08/23 | Sold | $495,000 | -10.0% | $150 / Sq Ft |
| 03/29/2023 03/29/23 | Pending | -- | -- | -- |
| 03/15/2023 03/15/23 | For Sale | $550,000 | -- | $167 / Sq Ft |
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 | $23,723 | $91,200 | $5,000 | $86,200 |
| 2024 | $16,416 | $91,200 | $5,000 | $86,200 |
| 2023 | $15,694 | $60,504 | $4,500 | $56,004 |
| 2022 | $15,694 | $60,504 | $4,500 | $56,004 |
| 2021 | $15,324 | $60,504 | $4,500 | $56,004 |
| 2020 | $14,597 | $53,026 | $4,500 | $48,526 |
| 2019 | $13,268 | $53,026 | $4,500 | $48,526 |
| 2018 | $12,963 | $53,026 | $4,500 | $48,526 |
| 2017 | $8,986 | $34,055 | $3,750 | $30,305 |
| 2016 | $11,920 | $48,713 | $3,750 | $44,963 |
| 2015 | $11,538 | $51,850 | $3,750 | $48,100 |
| 2014 | $10,184 | $45,503 | $3,750 | $41,753 |
| 2013 | $7,981 | $36,067 | $3,750 | $32,317 |
Source: Public Records
Agents Affiliated with this Home
-
Clarence Thompson
Seller's Agent in 2023
Clarence Thompson
Baird Warner
(312) 335-4871
1 in this area
14 Total Sales
-
AP
Buyer's Agent in 2023
Arrick Pelton
Baird Warner
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11738043
APN: 20-25-103-002-0000
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
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