$199,500
SOLD JUL 29, 2024
13 Beds
3 Baths
1,300 Sq Ft
1888 Built

Recently Sold

$153 Per Sq Ft

15% Below List Price

137 Days on Market

Highlights

  • Gated Community
  • Paved or Partially Paved Lot
  • 3-minute walk to Magnolia Playlot Park

About This Home

As of July 2024

Great investment opportunity. This lot consists of 2 buildings. The front building A is a 5 bed/2 bath brick duplex with eat-in kitchen. The basement is unfinished, so their is some upside potential. The rear building B is a multi-unit (2/1 and 3/1). Both properties sold "as is". Proof of funds required prior to viewing. The front unit has long-term tenants. Building is CHA approved. Rear building is currently vacant. Seller is motivated. Initial showings for rear building as it is vacant. Serious buyers only. We prefer cash, but will consider financing for experienced lenders that can provide a rehab loan. Note both buildings need to be rehabbed.

Last Agent to Sell the Property

Kurt Breitlander

Baird & Warner License #471004313 Listed on: 08/24/2023

Baird & Warner

Last Buyer's Agent

Juan Villarreal

RE/MAX Partners License #475157502

RE/MAX Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,827

Year Built | Renovated

  • 1888 | 2010

Lot Details

  • Lot Dimensions are 25 x 125
  • Paved or Partially Paved Lot
  • Additional Parcels

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 13 Potential Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 3 Units
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,827

Year Built | Renovated

1888 | 2010

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2010
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1888
  • Year Renovated: 2010

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 13
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 235000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels Description: 16133080470000
  • Additional Parcels: Yes
  • Lot Dimensions: 25 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 1826.9
  • Tax Year: 2021

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat,Coach House

Similar Homes in Chicago, IL

  • 6808 S Indiana Ave, Chicago, IL 60637

    $199,999

    • 12 Beds
    • 4 Baths
    • 6808 S Indiana Ave
    • Chicago, IL

    INVESTOR SPECIAL! FULLY VACANT & READY FOR RENOVATION! Solid brick 3-unit plus basement apartment - each unit offers 3 bedrooms and 1 bath. Includes a 3-car brick garage. Located in a fast-growing neighborhood with tons of new development. Steps to stores, schools, train, and expressways! Sold As-Is - huge upside potential!

    Daniel Walus OnPath Realty Inc.

    Section Image
  • 7524 S Colfax Ave, Chicago, IL 60649

    $249,000

    • 12 Beds
    • 3 Baths
    • 7524 S Colfax Ave
    • Chicago, IL

    Calling all investors & rehabbers! Fully gutted 3 flat building with 4 beds 1 bath apartments in each unit in the South Shore Neighborhood, close to the Lake and city life. Property being sold AS-IS, plans approved! Call and schedule your showing today!

    Frank Montro Keller Williams Preferred Rlty

    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
07/29/2024 07/29/24 Sold $199,500 -15.1% $153 / Sq Ft
01/09/2024 01/09/24 Pending -- -- --
11/13/2023 11/13/23 For Sale $235,000 0.0% $181 / Sq Ft
11/02/2023 11/02/23 Pending -- -- --
10/30/2023 10/30/23 Price Changed $235,000 -14.5% $181 / Sq Ft
09/14/2023 09/14/23 For Sale $275,000 -21.4% $212 / Sq Ft
09/04/2023 09/04/23 Pending -- -- --
08/24/2023 08/24/23 For Sale $349,999 -- $269 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11868446

Midwest Real Estate Data (MRED)