NOT LISTED FOR SALE

2659 S Springfield Ave Chicago, IL 60623

Little Village Neighborhood

Estimated Value: $306,741 - $485,000

7 Beds
4 Baths
4,576 Sq Ft
$87/Sq Ft Est. Value

Last Sold January 30, 2020

Last sale price $200,000 $44 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $2,667/month

63 Days on Market

Highlights

  • Corner Lot
  • Enclosed Patio or Porch
  • 1 Car Attached Garage

About This Home

As of January 2020

Wonderful investment opportunity in centralized Little Village location! This huge 4 unit property features 2 units on first floor and 2 on second floor and also features an attached 2 car garage. First floor front unit was recently updated and has has ceramic tile through out. The other 3 units are currently occupied and offer immediate cashflow. The property does need some work and is being sold in AS-IS condition. Buyer to take over any and all city violations. This is an amazing investment opportunity for the savvy investor!

Last Agent to Sell the Property

Mark Santoyo

RE/MAX Loyalty License #475144334 Listed on: 08/13/2019

RE/MAX Loyalty

Last Buyer's Agent

Carmen Bahena

RE/MAX LOYALTY

RE/MAX LOYALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,013

Year Built

  • Built in 1906

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 30x125
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 1 Car Attached Garage
  • No Garage
  • Parking Included in Price

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Additional Features

  • Basement Fills Entire Space Under The House
  • Enclosed Patio or Porch
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,013

Year Built

Built in 1906

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1906
  • 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
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Room Type: Enclosed Porch
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 1
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • AppliancesAndFeatures: Garage/Space
  • Room: 6

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 225000
  • Lot Features: Corner Lot
  • Roof: Rubber, Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: None/NA
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 30X125
  • Zoning: MULTI
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: All

Tax Info

  • Tax Annual Amount: 4012.79
  • Tax Year: 2017
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2019
Closed on
Jan 28, 2020
Sold by
Ramirez Evangelina
Bought by
Dain Property Llc
Seller's Agent
Mark Santoyo
RE/MAX Loyalty
Buyer's Agent
Carmen Bahena
RE/MAX LOYALTY
List Price
$249,900
Sold Price
$200,000
Premium/Discount to List
-$49,900
-19.97%
Current Estimated Value
$395,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,871
Avg. Annual Appreciation
12.19%
Original Mortgage
$160,000
Outstanding Balance
$143,517
Interest Rate
3.74%
Mortgage Type
Construction
Estimated Equity
$235,160

Purchase Details

Closed on
Dec 27, 2002
Sold by
Saucedo Pedro and Saucedo Blanca
Bought by
Ramirez Evangelina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,300
Interest Rate
6.13%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 24, 1996
Sold by
Pioneer Bank & Trust Company
Bought by
Saucedo Pedro and Saucedo Blanca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.98%
Mortgage Type
Commercial
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
Dain Property Llc $200,000 Attorneys Ttl Guaranty Fund
Ramirez Evangelina $240,000 Stewart Title
Saucedo Pedro $130,000 Attorneys Natl Title Network
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dain Property Llc $160,000
Previous Owner Ramirez Evangelina $278,000
Previous Owner Ramirez Evangelina $223,300
Previous Owner Saucedo Pedro $157,500
Previous Owner Saucedo Pedro $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2020 01/30/20 Sold $200,000 -11.1% $44 / Sq Ft
10/15/2019 10/15/19 Pending -- -- --
09/10/2019 09/10/19 Price Changed $225,000 -10.0% $49 / Sq Ft
08/13/2019 08/13/19 For Sale $249,900 -- $55 / 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 $6,119 $44,000 $5,440 $38,560
2023 $5,965 $29,000 $4,409 $24,591
2022 $5,965 $29,000 $4,409 $24,591
2021 $5,831 $28,999 $4,408 $24,591
2020 $3,488 $18,762 $4,408 $14,354
2019 $3,694 $21,817 $4,408 $17,409
2018 $3,631 $21,817 $4,408 $17,409
2017 $4,013 $22,016 $3,939 $18,077
2016 $3,579 $20,367 $3,939 $16,428
2015 $3,495 $21,694 $3,939 $17,755
2014 $3,249 $20,078 $3,752 $16,326
2013 $3,173 $20,078 $3,752 $16,326
Source: Public Records

Agents Affiliated with this Home

  • Mark Santoyo

    Seller's Agent in 2020

    Mark Santoyo

    RE/MAX

    (312) 625-0007

    3 in this area

    241 Total Sales

    Section Image
  • Carmen Bahena

    Buyer's Agent in 2020

    Carmen Bahena

    RE/MAX LOYALTY

    4 in this area

    58 Total Sales

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10484163

Midwest Real Estate Data (MRED)

APN: 16-26-302-021-0000

Illinois Cook County Chicago 60623 Little Village

2659 S Springfield Ave, Chicago, IL

This home is located at 2659 S Springfield Ave, Chicago, IL 60623 since 13 August 2019 and is currently estimated at $395,871, approximately $86 per square foot. This property was built in 1906. 2659 S Springfield Ave is a home located in Cook County with nearby schools including Little Village Elementary School, St. Agnes of Bohemia School, and Grace Lutheran Academy.

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