NOT LISTED FOR SALE

6512 S Cottage Grove Ave Chicago, IL 60637

West Woodlawn Neighborhood
12 Beds
2 Baths
-- Sq Ft
2,614 Sq Ft Lot

Last Sold February 10, 2017

Last sale price $25,500

48 Days on Market

About This Home

As of February 2017

2 unit building with 6 bedrooms 1 bath on each floor. The property will require rehab work. The property is currently zoned commercial. Property is located on a busy street. Restaurants, stores, parks and schools are located in close vicinity.

Last Agent to Sell the Property

Ursula Shine

Exit Strategy Realty / EMA Management License #471022302 Listed on: 11/18/2016

Last Buyer's Agent

Ursula Shine

Exit Strategy Realty / EMA Management License #471022302 Listed on: 11/18/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1934

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 25 x 125
  • Paved or Partially Paved Lot

Home Design

  • Frame Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • No Heating

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Year Built: 1934
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 12
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 29900
  • Roof: Other
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: None
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.06
  • Lot Dimensions: 25 X 125
  • Zoning: COMMR
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 4496
  • Tax Year: 2015
  • Tax Exemptions: None

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2016
Closed on
Jan 18, 2017
Sold by
Chicago Title Land Trust Co
Bought by
Navarro Abelardo
Seller's Agent
Ursula Shine
Exit Strategy Realty / EMA Management
Buyer's Agent
Ursula Shine
Exit Strategy Realty / EMA Management
List Price
$29,900
Sold Price
$25,500
Premium/Discount to List
-$4,400
-14.72%

Purchase Details

Listed on
Mar 12, 2012
Closed on
Jul 25, 2012
Sold by
Fannie Mae
Bought by
North Star Trust
Seller's Agent
Christopher Thomas
EXIT Strategy Realty
Buyer's Agent
Tasha Allen
Coldwell Banker Realty
List Price
$31,000
Sold Price
$12,000
Premium/Discount to List
-$19,000
-61.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.50%

Purchase Details

Closed on
Feb 27, 2012
Sold by
Kouvelis Spiro
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 28, 2006
Sold by
Oxford Bank & Trust
Bought by
Kouvelis Spiro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
6.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 2005
Sold by
Cole Taylor Bank
Bought by
Oxford Bank & Trust Co and Trust #1270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,200
Interest Rate
5.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 23, 2004
Sold by
Gods Tabernacle Of Praise
Bought by
Cole Taylor Bank Trust #98-4533

Purchase Details

Closed on
Sep 19, 2001
Sold by
Greater Sweet Hope Missionary Baptist Ch
Bought by
Gods Tabernacle Of Praise
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
Navarro Abelardo $26,000 First American Title Company
North Star Trust $12,000 None Available
Federal National Mortgage Association -- None Available
Kouvelis Spiro -- Multiple
Oxford Bank & Trust Co $47,500 Ticor
Cole Taylor Bank Trust #98-4533 $4,500 Multiple
Gods Tabernacle Of Praise -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kouvelis Spiro $243,750
Previous Owner Oxford Bank & Trust Co $97,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2017 02/10/17 Sold $25,500 -14.7% --
01/05/2017 01/05/17 Pending -- -- --
11/18/2016 11/18/16 For Sale $29,900 +149.2% --
09/04/2012 09/04/12 Sold $12,000 0.0% --
08/01/2012 08/01/12 Pending -- -- --
06/05/2012 06/05/12 Price Changed $12,000 -32.0% --
04/22/2012 04/22/12 Price Changed $17,660 -22.1% --
03/23/2012 03/23/12 Price Changed $22,660 -26.9% --
03/20/2012 03/20/12 For Sale $31,000 +158.3% --
03/14/2012 03/14/12 Off Market $12,000 -- --
03/12/2012 03/12/12 For Sale $31,000 -- --
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 $7,245 $56,251 $7,348 $48,903
2023 $7,038 $34,217 $6,613 $27,604
2022 $7,038 $34,217 $6,613 $27,604
2021 $6,881 $34,216 $6,612 $27,604
2020 $16,306 $73,196 $6,612 $66,584
2019 $5,151 $25,636 $6,612 $19,024
2018 $5,064 $25,636 $6,612 $19,024
2017 $5,281 $24,534 $5,510 $19,024
2016 $4,914 $24,534 $5,510 $19,024
2015 $4,496 $24,534 $5,510 $19,024
2014 $4,552 $24,534 $5,510 $19,024
2013 $4,462 $24,534 $5,510 $19,024
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09391246

Midwest Real Estate Data (MRED)

APN: 20-22-223-027-0000