SOLD AUG 29, 2024
RENTED FEB 20, 2025
3948 N Olcott Ave Chicago, IL 60634
Belmont Heights Neighborhood
7
Beds
3
Baths
1,302
Sq Ft
6,447
Sq Ft Lot
Highlights
- Lower Floor Utility Room
- Ceiling Fan
- Paved or Partially Paved Lot
- Patio
About This Home
As of August 2024Highest and best due by 9PM Sun. 6/30. Legal 3 unit investment property consisting of a 3 bed bungalow plus separate 2023 remodelled 2 unit on double lot! Back duplex units were remodelled with the owners intention of staying and no detail was spared. Back units each have 2 bedrooms, 1 bath and are ready for their first tenants since the remodel. Beautiful new kitchens, LG SS appliances, new counters, under cabinet lighting. Bathrooms were gutted and finished with glass sliding doors, Kohler fixtures, and have linen closets. Units have new hardwood floors, doors, windows, furnaces, ductwork and central air units. Newer water heaters. Front bungalow has 3 beds, 1 bath, living room, dining room, eat in kitchen on main floor. Huge unfinished basement with new water heater, copper plumbing, duct work, circuit breaker box. New roofs on both buildings - 2019. Smart key technology for easy changing of locks. Large lot allows for plenty of outdoor space for recreation and relaxation. Ample street parking. Long time tenants in bungalow would love to stay but are month to month.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,667
Year Built
- Built in 1923 | Remodeled in 2023
Lot Details
- Lot Dimensions are 53 x 122
- Paved or Partially Paved Lot
Home Design
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- Ceiling Fan
- Lower Floor Utility Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 3 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Basement Storage
Outdoor Features
- Patio
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
- Gas Water Heater
Community Details
- 3 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 21, 2024
Closed on
Aug 28, 2024
Sold by
Leahy Susan M and Leahy Thomas P
Bought by
Zuniga Juan G and Zuniga Gabriel A
Seller's Agent
Mary Beirne
Baird & Warner
Buyer's Agent
Carlos Rocha
Chicagoland Brokers, Inc.
List Price
$659,000
Sold Price
$680,000
Premium/Discount to List
$21,000
3.19%
Views
14
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,158
Avg. Annual Appreciation
1.04%
Original Mortgage
$544,000
Interest Rate
7.88%
Mortgage Type
New Conventional
Similar Homes in Chicago, IL
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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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $680,000 | Citywide Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $544,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/20/2025 02/20/25 | Rented | $2,750 | 0.0% | -- |
| 02/20/2025 02/20/25 | Price Changed | $2,750 | +3.8% | $2 / Sq Ft |
| 01/21/2025 01/21/25 | Price Changed | $2,650 | -11.7% | $2 / Sq Ft |
| 12/11/2024 12/11/24 | Price Changed | $3,000 | +7.1% | $2 / Sq Ft |
| 12/10/2024 12/10/24 | For Rent | $2,800 | 0.0% | -- |
| 08/29/2024 08/29/24 | Sold | $680,000 | +3.2% | $522 / Sq Ft |
| 07/01/2024 07/01/24 | Pending | -- | -- | -- |
| 06/21/2024 06/21/24 | For Sale | $659,000 | -- | $506 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $9,917 | $52,000 | $16,165 | $35,835 |
| 2023 | $9,667 | $47,000 | $12,932 | $34,068 |
| 2022 | $9,667 | $47,000 | $12,932 | $34,068 |
| 2021 | $9,451 | $47,000 | $12,932 | $34,068 |
| 2020 | $6,141 | $27,565 | $8,082 | $19,483 |
| 2019 | $6,191 | $30,817 | $8,082 | $22,735 |
| 2018 | $6,087 | $30,817 | $8,082 | $22,735 |
| 2017 | $10,186 | $47,318 | $7,112 | $40,206 |
| 2016 | $9,477 | $47,318 | $7,112 | $40,206 |
| 2015 | $8,671 | $47,318 | $7,112 | $40,206 |
| 2014 | $7,126 | $38,409 | $6,466 | $31,943 |
| 2013 | $7,158 | $39,357 | $6,466 | $32,891 |
Source: Public Records
Agents Affiliated with this Home
-
N
Seller's Agent in 2025
Nilka Cintron
Chicagoland Brokers, Inc.
(773) 745-1000
41 Total Sales
-
C
Buyer's Agent in 2025
Carlos Rocha
Chicagoland Brokers, Inc.
(773) 315-1018
1 in this area
54 Total Sales
-
Seller's Agent in 2024
Mary Beirne
Baird & Warner
(773) 775-7434
1 in this area
72 Total Sales
-
Seller Co-Listing Agent in 2024
Richard Murawski
Baird & Warner
(312) 810-9672
1 in this area
17 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12091157
APN: 12-24-201-059-0000
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