NOT LISTED FOR SALE

2600 Commercial Ave South Chicago Heights, IL 60411

Estimated Value: $153,000 - $255,000

6 Beds
5 Baths
794 Sq Ft
$256/Sq Ft Est. Value

Last Sold November 19, 2019

Last sale price $80,000 $101 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $1,590/month

73 Days on Market

Highlights

  • Corner Lot
  • 2 Car Attached Garage
  • Forced Air Heating System
  • Porch
  • Patio
  • Heated Garage

About This Home

As of November 2019

1 GREAT MULTI-UNIT HOUSE AND 1 COACH HOUSE = 2 HOUSES!! ONE GREAT LOW PRICE!! MAIN HOME FEATURES 3 UNITS & A FULL BASEMENT: (UNIT 1) 2 BEDRM UNIT IN THE 2ND FLR, (UNIT 2) 1 BEDRM UNIT IN THE 1ST FLR. (UNIT 3) 1ST FLR. STUDIO!! COACH HOUSE (UNIT 4) IS 3 BEDRM, DINING RM, LIVING RM, KITCHEN W/GRANITE COUNTER TOPS AND APPLIANCES!! PLUS A 2 CAR GAR THAT IS RENTED OUT. LIVE IN THE COACH HOUSE & RENT THE OTHER 3 UNITS OUT. HOME SOLD AS IS.

Last Agent to Sell the Property

Justin Krueger

Village Realty, Inc. License #475170550 Listed on: 07/22/2019

Village Realty, Inc.

Last Buyer's Agent

Peter Osei

Michael Gabriel Real Estate License #475147538

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 50x125
  • Corner Lot
  • Additional Parcels

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Block Foundation
  • Asphalt Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 5 Bathrooms

Unfinished Basement

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

Outdoor Features

  • Patio
  • Porch

Utilities

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

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

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: 1950
  • Age: 61-70 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: 5
  • Total Bedrooms: 6
  • Basement Description: Unfinished,Exterior Access
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 1
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner
  • Room: 6

Exterior Features

  • ExteriorFeatures: Patio, Porch
  • Foundation Details: Block
  • List Price: 89500
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Frame

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

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

Schools

  • Middle/Junior School District: 194

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 50X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Tax Info

  • Tax Annual Amount: 6062.47
  • Tax Year: 2018
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat,2 Story Unit/s,Coach House

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2019
Closed on
Nov 14, 2019
Sold by
Chicago Title Land Trust Company
Bought by
Annang Pamela
Seller's Agent
Justin Krueger
Village Realty, Inc.
Buyer's Agent
Peter Osei
Michael Gabriel Real Estate
List Price
$99,900
Sold Price
$80,000
Premium/Discount to List
-$19,900
-19.92%
Current Estimated Value
$203,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,065
Avg. Annual Appreciation
16.50%
Original Mortgage
$76,000
Outstanding Balance
$67,453
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$125,032

Purchase Details

Listed on
Oct 23, 2013
Closed on
Jan 21, 2014
Sold by
Panici Marion J
Bought by
Chicago Title Land Trust Company and Trust #8002363842
Seller's Agent
Lisa Pascarella
Re/Max 10
Buyer's Agent
Lisa Pascarella
Re/Max 10
List Price
$99,900
Sold Price
$92,000
Premium/Discount to List
-$7,900
-7.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.37%
Original Mortgage
$73,000
Interest Rate
5.35%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 3, 1995
Sold by
Panici Mario J and Panici Virginia
Bought by
Panici Mario J and Panici Virginia
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Date Buyer Sale Price Title Company
Annang Pamela $80,000 Greater Illinois Title
Chicago Title Land Trust Company $92,000 Fidelity National Title
Panici Mario J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Annang Pamela $76,000
Previous Owner Chicago Title Land Trust Company $73,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2019 11/19/19 Sold $80,000 -10.6% $101 / Sq Ft
10/03/2019 10/03/19 Pending -- -- --
09/29/2019 09/29/19 Price Changed $89,500 -0.4% $113 / Sq Ft
08/31/2019 08/31/19 Price Changed $89,900 -2.2% $113 / Sq Ft
08/20/2019 08/20/19 Price Changed $91,900 -5.2% $116 / Sq Ft
08/18/2019 08/18/19 Price Changed $96,900 -1.0% $122 / Sq Ft
08/07/2019 08/07/19 Price Changed $97,900 -2.0% $123 / Sq Ft
07/22/2019 07/22/19 For Sale $99,900 +8.6% $126 / Sq Ft
01/24/2014 01/24/14 Sold $92,000 -7.9% $116 / Sq Ft
12/18/2013 12/18/13 Pending -- -- --
10/23/2013 10/23/13 For Sale $99,900 -- $126 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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
2024 $5,805 $18,214 $2,144 $16,070
2023 $4,663 $18,214 $2,144 $16,070
2022 $4,663 $13,494 $1,838 $11,656
2021 $5,072 $14,973 $1,837 $13,136
2020 $7,309 $17,342 $1,837 $15,505
2019 $6,014 $15,059 $1,684 $13,375
2018 $5,735 $15,059 $1,684 $13,375
2017 $6,133 $15,059 $1,684 $13,375
2016 $8,628 $20,226 $1,531 $18,695
2015 $8,621 $20,226 $1,531 $18,695
2014 $8,705 $20,226 $1,531 $18,695
2013 $7,930 $18,856 $1,531 $17,325
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10459354

Midwest Real Estate Data (MRED)

APN: 32-29-402-021-0000