$130,000
SOLD NOV 27, 2024
5 Beds
2 Baths
-- Sq Ft
6,970 Sq Ft Lot

Recently Sold

35% Below List Price

117 Days on Market

About This Home

As of November 2024

Located on the sopught after historic South Shore community rarely will you find a multi unit with so much upside! This building offers tremendous potential while currently a two unit the previous plans were roughed to install a door to the basement on the west side of the home and convert this to a legal three unit, the basement ceiling height is there! The building is currently to the studs, renovation was started but never finished, this is your change to capitalize on an unfinished project and create a cash flowing rental property in the right location! Currently framed out for a 2 bedroom unit on the first floor with three bedrooms on the second floor, that can change. Convert the basement to a third unit or duplex the first floor into the basement, either way win-win situation! The building offers a brick 2 car garage, some newer windows, this is an easy project to finish just needs vision and you will reap the rewards!

Last Agent to Sell the Property

Ryan Smith

RE/MAX Premier License #475150650 Listed on: 07/10/2024

RE/MAX Premier

Last Buyer's Agent

David Olaoye

Coldwell Banker Realty License #471011839

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,880

Year Built

  • Built in 1903

Lot Details

  • Lot Dimensions are 30 x 119

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,880

Year Built

Built in 1903

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1903
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • List Price: 129900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 30 X 119
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 2880
  • Tax Year: 2022

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Similar Homes in Chicago, IL

  • 8125 S Peoria St, Chicago, IL 60620

    $149,900

    • 6 Beds
    • 2 Baths
    • 8125 S Peoria St
    • Chicago, IL

    Investor Special!! Bring this 2 flat back to life so bring your contractor belt and be ready to crunch numbers on this fantastic all brick 2 flat with basement. This will be a money maker one day in the future. Property needs full Rehab and will require cash or hard money investor loans. Need to have your broker provide you with a hold harmless before entry will be allowed so contact them to

    Otis Lazich Capital Investment Realty Group Inc

    Section Image
  • 6812 S Hermitage Ave, Chicago, IL 60636

    $114,900

    • 5 Beds
    • 2 Baths
    • 6812 S Hermitage Ave
    • Chicago, IL

    The property here is a frame 2 flat with plenty of upswing potential. Bring your TLC ideas to this property and make it your own. Great rental potential and walking distance to school. Location, location, location this is the one set your appointment Today as this one is a must see. Bring all offers and the property is sold in "AS IS" condition. My seller has multiple offers and is

    Otis Lazich Capital Investment Realty Group Inc

    Section Image
  • 2115 E 72nd Place, Chicago, IL 60649

    $135,000

    • 6 Beds
    • 3 Baths
    • 2115 E 72nd Place
    • Chicago, IL

    Historic Gem in South Shore - A Grand Opportunity with Ready-to-Go Plans! Step into this impressive 2,800 sq. ft. historic home on a prime corner lot in Chicago's desirable South Shore neighborhood. Massive potential, this property is ideal for investors or homebuyers with 203K financing ready to design their dream space. Already available are approved building drawings and permits for a 2-unit

    Sachet White Century 21 IMPACT

    Section Image
  • 7225 S Woodlawn Ave, Chicago, IL 60619

    $99,900

    • 6 Beds
    • 7225 S Woodlawn Ave
    • Chicago, IL

    Calling all Rehabbers, Investors, and Contractors! Check out this 2 unit building on a corner lot in the Woodlawn Neighborhood! The building it completely gutted and nothing stands in your way of making it completely come to life again! Each unit can have 3 bedrooms 1 bath units, live in one unit and collect steady cash flow from the other. GREAT INVESTMENT OPPORTUNITY! Call and schedule your

    Frank Montro Keller Williams Preferred Rlty

    Section Image
  • 7326 S Woodlawn Ave, Chicago, IL 60619

    $124,900

    • 7 Beds
    • 2 Baths
    • 7326 S Woodlawn Ave
    • Chicago, IL

    Investor Special - 7326 S. Woodlawn Endless potential in this value-add opportunity! Both units have individual forced-air heat. 3BR/1BA main floor with potential to duplex with basement or add separate unit. 4BR/1BA upstairs with potential to duplex with attic. Roof in good shape. New construction nearby. Bring your vision, add TLC, and turn this into a high-income property.

    Grant Alexander Alexander & Associates Realty Group

    Section Image
  • 7125 S Drexel Ave, Chicago, IL 60619

    $149,900

    • 7 Beds
    • 2 Baths
    • 7125 S Drexel Ave
    • Chicago, IL

    ***Investors/Handymen, check out this gorgeous greystone 2 unit in vibrant Woodlawn!*** Newer windows and hardwood floors already present are the start of a great project! Full basement with 2 more bedrooms can be finished to significantly expand the first floor unit. Excellent location, near the upcoming Obama campus, University of Chicago campus, Close to shopping and restaurants. Corporate

    Ryan Cherney Circle One Realty

    Section Image
  • 8032 S Dobson Ave, Chicago, IL 60619

    $148,400

    • 4 Beds
    • 2 Baths
    • 8032 S Dobson Ave
    • Chicago, IL

    Listing price $148,400 Great opportunity on this two unit building with detached 2 car garage. It offers approximately 2,320 square feet of living space with 4 bedrooms and 2 bathrooms. Basement. Built in 1923 repairs and updates are needed but has potential. Ceiling damages. Property sold "AS-IS" without contingencies, repairs, warranties, guarantees or representation as to listing accuracy,

    Val Laborevitch Realhome Services & Solutions, Inc.

    Section Image
  • 7144 S Saint Lawrence Ave, Chicago, IL 60619

    $149,000

    • 5 Beds
    • 2 Baths
    • 7144 S Saint Lawrence Ave
    • Chicago, IL

    Introducing an investment opportunity to add to your portfolio: this 2-unit property is in need of major renovations but holds immense potential for the right buyer. The main level features 2 bedrooms and 1 bathroom, while the upper unit offers 3 bedrooms and 1 bathroom. With a solid structure and a favorable layout, this building provides the perfect canvas for a creative investor to reimagine

    Sonia Korszla Exit Realty Redefined

    Section Image
  • 7148 S Eberhart Ave, Chicago, IL 60619

    $150,000

    • 4 Beds
    • 2 Baths
    • 7148 S Eberhart Ave
    • Chicago, IL

    Opportunity awaits the next owner of this 2-flat in Park Manor/Greater Grand Crossing. Perfect for a buyer who wants to live here and utilize some sweat equity to bring it back to its former glory or an investor who wants to fix and flip it or enjoy passive income. Either way, you're poised to win! This one will not last for long!

    Melanie Croft Vylla Home

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2024 11/27/24 Sold $130,000 +0.1% --
11/05/2024 11/05/24 Pending -- -- --
10/31/2024 10/31/24 Price Changed $129,900 -13.3% --
10/09/2024 10/09/24 Price Changed $149,900 -7.8% --
09/10/2024 09/10/24 Price Changed $162,500 -6.9% --
08/12/2024 08/12/24 Price Changed $174,500 -12.7% --
07/10/2024 07/10/24 For Sale $199,900 +263.5% --
12/14/2016 12/14/16 Sold $55,000 -8.2% --
11/24/2016 11/24/16 Pending -- -- --
11/16/2016 11/16/16 For Sale $59,900 +178.6% --
09/19/2016 09/19/16 Sold $21,500 -52.1% --
08/30/2016 08/30/16 Pending -- -- --
08/04/2016 08/04/16 For Sale $44,900 0.0% --
08/04/2016 08/04/16 Price Changed $44,900 +108.8% --
06/27/2016 06/27/16 Off Market $21,500 -- --
06/23/2016 06/23/16 For Sale $50,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12107383

Midwest Real Estate Data (MRED)