NOT LISTED FOR SALE

5040 N Avers Ave Chicago, IL 60625

Albany Park Neighborhood

Estimated Value: $404,000 - $498,000

4 Beds
2 Baths
1,179 Sq Ft
$384/Sq Ft Est. Value

Sale Details

Date Sold: July 2, 2021

Last sale price $295,000 $250 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $2,991 / mo

64 Days on Market

Highlights

  • Formal Dining Room
  • 2 Car Detached Garage
  • 5-minute walk to Eugene Field Park
  • Double Oven
  • Bungalow

About This Home

As of July 2021

Attention investors and flippers, your opportunity to renovate a home in Albany Park has arrived. Sturdy and spacious brick bungalow comes equipped with 4 bedrooms, 2 bathrooms, hardwood flooring, nice sized kitchen, plus large yard and two car garage with room to expand. Sell for 500K+ once completely rehabbed. You could easily transform the whole second floor into a large single bedroom suite. Basement is also perfect to create an additional bedroom and family room. Location is on point with walking distance to parks, elementary school, shopping centers and public transportation. Do not miss out on the chance to renovate this home.

Last Agent to Sell the Property

Doris E Rivera

Coldwell Banker Realty License #475122684 Listed on: 03/30/2021

Coldwell Banker Realty

Co-Listed By

Chris Rivera

Coldwell Banker Realty License #475155481

Last Buyer's Agent

Evan Smeenge

Compass License #471021714

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,444

Year Built

  • Built in 1922

Lot Details

  • Lot Dimensions are 33 x 125

Parking

  • 2 Car Detached Garage

Home Design

  • Bungalow
  • Brick Exterior Construction

Interior Spaces

  • 1,179 Sq Ft Home
  • 1.5-Story Property
  • Formal Dining Room

Kitchen

  • Double Oven
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,444

Year Built

Built in 1922

Lot Details

4,095 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1.5 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bungalow
  • New Construction: No
  • Property Sub-Type: 1.5 Story
  • Year Built: 1922
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Double Oven, Range, Washer, Dryer
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • LivingArea: 1179
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Attic: Finished,Full

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: N/A
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Electric: Circuit Breakers
  • Heating: Natural Gas
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 33 X 125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 4443.95
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

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
Mar 30, 2021
Closed on
Jun 30, 2021
Sold by
Bought by
Seller's Agent
Doris E Rivera
Coldwell Banker Realty
Buyer's Agent
Evan Smeenge
Compass
List Price
$319,000
Sold Price
$295,000
Premium/Discount to List
-$24,000
-7.52%
Current Estimated Value
$452,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,925
Avg. Annual Appreciation
9.11%
Original Mortgage
$284,645
Outstanding Balance
$260,424
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$192,501

Purchase Details

Closed on
Jul 15, 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
$104,908
Interest Rate
7.56%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
$295,000 Chicago Title
$105,000 --
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
Open $284,645
Previous Owner $104,908
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
07/02/2021 07/02/21 Sold $295,000 -7.5% $250 / Sq Ft
06/02/2021 06/02/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $319,000 0.0% $271 / Sq Ft
04/21/2021 04/21/21 For Sale $319,000 0.0% $271 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
04/11/2021 04/11/21 Pending -- -- --
04/06/2021 04/06/21 For Sale $319,000 0.0% $271 / Sq Ft
03/31/2021 03/31/21 Pending -- -- --
03/30/2021 03/30/21 For Sale $319,000 -- $271 / 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 $6,564 $37,000 $14,322 $22,678
2024 $6,564 $37,000 $14,322 $22,678
2023 $6,399 $31,000 $11,458 $19,542
2022 $6,399 $31,000 $11,458 $19,542
2021 $5,045 $30,999 $11,457 $19,542
2020 $4,366 $25,114 $5,933 $19,181
2019 $4,444 $28,218 $5,933 $22,285
2018 $4,367 $28,218 $5,933 $22,285
2017 $4,320 $26,079 $5,319 $20,760
2016 $4,381 $26,079 $5,319 $20,760
2015 $3,969 $26,079 $5,319 $20,760
2014 $4,154 $26,710 $4,910 $21,800
2013 $4,053 $26,710 $4,910 $21,800
Source: Public Records

Agents Affiliated with this Home

  • Doris E Rivera

    Seller's Agent in 2021

    Doris E Rivera

    Coldwell Banker Realty

    (773) 852-6791

    2 in this area

    70 Total Sales

    Doris E Rivera
    Section Image
  • Chris Rivera

    Seller Co-Listing Agent in 2021

    Chris Rivera

    Coldwell Banker Realty

    (773) 852-5651

    1 in this area

    50 Total Sales

    Chris Rivera
    Section Image
  • Evan Smeenge

    Buyer's Agent in 2021

    Evan Smeenge

    Compass

    (616) 879-9934

    1 in this area

    67 Total Sales

    Evan Smeenge
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11036984

Midwest Real Estate Data (MRED)

APN: 13-11-307-018-0000

Illinois Cook County Chicago 60625 Albany Park

5040 N Avers 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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