NOT LISTED FOR SALE

3707 S Michigan Ave Chicago, IL 60653

Bronzeville Neighborhood

Estimated Value: $337,000 - $380,000

6 Beds
3 Baths
1,433 Sq Ft
$246/Sq Ft Est. Value

Sale Details

Date Sold: August 21, 2024

Last sale price $339,000 $237 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,246 / mo

31 Days on Market

Highlights

  • Porch
  • Forced Air Heating System
  • 4-minute walk to Anderson Park

About This Home

As of August 2024

DON'T MISS AN OPPORTUNITY TO PURCHASE A LEGAL 2-UNIT BUILDING WITH AN ADDITIONAL GARDEN UNIT IN A RED HOT AREA. EACH UPDATED UNIT IN THIS BUILDING IS RENTAL READY AND FEATURES 3 BEDROOMS AND 1 FULL BATH. LOTS OF RECENT EXTERIOR / INTERIOR IMPROVEMENTS. THE GARDEN UNIT CAN BE USED TO RENT OUT FOR ADDITIONAL INCOME OR USED FOR IN-LAW LIVING AS WELL. SEPARATE UTILITIES INCLUDING 2 CENTRAL AC UNITS EACH FOR 1ST AND 2ND FLOOR UNITS. INVESTMENT RETURN ON ILLINOIS INSTITUTE OF TECHNOLOGY STUDENT APARTMENTS IS EXTREMELY HIGH! IT'S ALSO A LUCRATIVE BUSINESS OPPORTUNITY FOR AIRBNB. PROPERTY IS CLOSE TO THE RED LINE AND GREEN LINE, GUARANTEED RATE FIELD - CHICAGO WHITE SOX, SOLDIER FIELD - CHICAGO BEARS, MCCORMICK PLACE, SHEDD AQUARIUM, ADLER PLANETARIUM, CHINATOWN, AND ALL MAJOR BEACHES. LOW REAL ESTATE TAXES & NO HOA FEES.

Last Agent to Sell the Property

James Kolar

HomeSmart Realty Group License #471004472 Listed on: 05/07/2024

HomeSmart Realty Group

Co-Listed By

Rachel Frenzel

HomeSmart Realty Group License #475178663

Last Buyer's Agent

Crystal Nwaokocha

Coldwell Banker Realty License #475189114

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,950

Year Built

  • Built in 1948

Lot Details

  • 2,178

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Utilities

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

Additional Features

  • Basement Fills Entire Space Under The House
  • Porch
  • Lot Dimensions are 46x48

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,950

Year Built

Built in 1948

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1948
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Finished
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Porch
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

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

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 46X48
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: No

Tax Info

  • Tax Annual Amount: 3949.87
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2024
Closed on
Jul 27, 2024
Sold by
Bought by
Seller's Agent
James Kolar
HomeSmart Realty Group
Buyer's Agent
Crystal Nwaokocha
Coldwell Banker Realty
List Price
$349,900
Sold Price
$339,000
Premium/Discount to List
-$10,900
-3.12%
Views
44
Current Estimated Value
$351,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,872
Avg. Annual Appreciation
2.12%
Original Mortgage
$6,000
Interest Rate
1.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2015
Sold by
Bought by

Purchase Details

Closed on
Jun 10, 2015
Sold by
Bought by

Purchase Details

Closed on
Apr 21, 1995
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,350
Interest Rate
7.79%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$339,000 Fidelity National Title
$40,000 Git
-- None Available
-- Ticor Title Insurance
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $6,000
Open $332,859
Previous Owner $20,350
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/21/2024 08/21/24 Sold $339,000 -3.1% $237 / Sq Ft
06/08/2024 06/08/24 Pending -- -- --
05/07/2024 05/07/24 For Sale $349,900 -- $244 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,052 $12,000 $8,000 $4,000
2024 $4,052 $12,000 $8,000 $4,000
2023 $3,950 $19,144 $7,644 $11,500
2022 $3,950 $19,144 $7,644 $11,500
2021 $2,701 $13,394 $7,644 $5,750
2020 $1,767 $7,930 $6,552 $1,378
2019 $4,086 $20,337 $6,552 $13,785
2018 $4,017 $20,337 $6,552 $13,785
2017 $3,652 $16,963 $5,460 $11,503
2016 $3,398 $16,963 $5,460 $11,503
2015 $3,108 $16,963 $5,460 $11,503
2014 $2,418 $13,034 $4,368 $8,666
2013 -- $13,034 $4,368 $8,666
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    James Kolar

    HomeSmart Realty Group

    (773) 988-9308

    2 in this area

    72 Total Sales

    James Kolar
    Section Image

  • R

    Seller Co-Listing Agent in 2024

    Rachel Frenzel

    HomeSmart Realty Group

    (312) 804-2905

    2 in this area

    72 Total Sales

    Rachel Frenzel
    Section Image
  • Crystal Nwaokocha

    Buyer's Agent in 2024

    Crystal Nwaokocha

    Coldwell Banker Realty

    (708) 692-9251

    1 in this area

    26 Total Sales

    Crystal Nwaokocha
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12049861

Midwest Real Estate Data (MRED)

APN: 17-34-315-007-0000

Illinois Cook County Chicago 60653 Bronzeville

3707 S Michigan Ave, Chicago, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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