NOT LISTED FOR SALE

2707 W 55th St Chicago, IL 60632

Gage Park Neighborhood

Estimated Value: $268,676 - $323,000

6 Beds
3 Baths
1,248 Sq Ft
$239/Sq Ft Est. Value

Last Sold May 29, 2018

Last sale price $219,900 $176 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,884/month

186 Days on Market

Highlights

  • Cape Cod Architecture
  • Forced Air Heating System
  • Paved or Partially Paved Lot
  • 2 Car Detached Garage

About This Home

As of May 2018

BRICK 2 FLAT IN GAGE PARK; BOTH UNITS WITH SEPARATE UTILITIES, 3 BEDROOMS ON THE 1ST FLOOR AND 2 ON THE 2ND FLOOR, FINISH BASEMENT with bath, family room and 1 bedroom, TWO CAR BRICK GARAGE. seller request to sell As-Is.

Last Agent to Sell the Property

Juanita Flores

RE/MAX 10 License #475124407 Listed on: 10/03/2017

RE/MAX 10

Last Buyer's Agent

Juan Rodriguez

Family Pride Realty License #471015337

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,945

Year Built

  • Built in 1956

Lot Details

  • Lot Dimensions are 33x125
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Utilities

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

Community Details

  • 2 Units
  • Cape Cod

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,945

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Cape Cod
  • New Construction: No
  • Year Built: 1956
  • 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
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Other Equipment: Sump Pump
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 219900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 33X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 1945
  • Tax Year: 2016
  • Tax Exemptions: Homeowner

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2017
Closed on
May 29, 2018
Sold by
Echevarria Ruben G and Echevarria Maria G
Bought by
Magana Marco and Magana Alma
Seller's Agent
Juanita Flores
RE/MAX 10
Buyer's Agent
Juan Rodriguez
Family Pride Realty
List Price
$219,900
Sold Price
$219,900
Current Estimated Value
$298,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,269
Avg. Annual Appreciation
4.06%
Original Mortgage
$227,408
Outstanding Balance
$197,083
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$96,208
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
Magana Marco $220,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magana Marco $227,408
Closed Magana Marco $219,900
Previous Owner Echevarra Ruben G $63,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2018 05/29/18 Sold $219,900 0.0% $176 / Sq Ft
04/07/2018 04/07/18 Pending -- -- --
10/03/2017 10/03/17 For Sale $219,900 -- $176 / 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 $3,115 $19,000 $1,875 $17,125
2023 $3,016 $18,001 $3,188 $14,813
2022 $3,016 $18,001 $3,188 $14,813
2021 $2,950 $17,999 $3,187 $14,812
2020 $3,130 $13,959 $3,187 $10,772
2019 $3,171 $15,685 $3,187 $12,498
2018 $2,435 $15,685 $3,187 $12,498
2017 $1,901 $12,146 $2,812 $9,334
2016 $1,945 $12,146 $2,812 $9,334
2015 $1,758 $12,146 $2,812 $9,334
2014 $1,816 $12,281 $2,625 $9,656
2013 $1,769 $12,281 $2,625 $9,656
Source: Public Records

Agents Affiliated with this Home

  • Juanita Flores

    Seller's Agent in 2018

    Juanita Flores

    RE/MAX

    (773) 501-9349

    6 in this area

    131 Total Sales

    Juanita Flores
    Section Image

  • J

    Buyer's Agent in 2018

    Juan Rodriguez

    Family Pride Realty

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09770681

Midwest Real Estate Data (MRED)

APN: 19-13-201-007-0000

Illinois Cook County Chicago 60629 Gage Park

2707 W 55th St, Chicago, IL

This home is located at 2707 W 55th St, Chicago, IL 60632 since 03 October 2017 and is currently estimated at $298,169, approximately $238 per square foot. This property was built in 1956. 2707 W 55th St is a home located in Cook County with nearby schools including Carson Elementary School, Gage Park High School, and Acero - Rufino Tamayo Elementary School.

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