NOT LISTED FOR SALE

7008 W Archer Ave Chicago, IL 60638

Garfield Ridge Neighborhood

Estimated Value: $562,000 - $616,000

6 Beds
5 Baths
-- Sq Ft
1979 Built

Sale Details

Date Sold: July 3, 2014

Last sale price $310,000

Est. 90% increase in value since last sale

Current estimated payment $3,627 / mo

72 Days on Market

Highlights

  • Deck
  • 2 Car Detached Garage
  • Forced Air Heating System

About This Home

As of July 2014

GREAT OPPORTUNITY HAS FINALLY ARRIVE! THIS AMAZING THREE UNIT BUILDING WITH LOWER LEVEL UNIT HAS A COMMERCIAL STORE FRONT, IS A TRUE MONEY MAKER!!! FRIST TWO UNITS FEATURE 3 BEDROOMS 1 1/2 BATHS WITH A SUPER LARGE TRIPLE DECK AND TWO CAR GARAGE WITH STORAGE SPACE. NEWER ROOF & WATER TANKS, PROOF OF CASH FLOW IS AVAILABLE UPON REQUEST.

Last Agent to Sell the Property

Eduardo Garza

NowEquity Real Estate License #475133110 Listed on: 01/18/2014

NowEquity Real Estate

Last Buyer's Agent

Maria Ivette Hollendoner

Keller Williams Preferred Realty License #475125562

Keller Williams Preferred Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,173

Year Built

  • Built in 1979

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 5 Bathrooms

Utilities

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

Additional Features

  • 3-Story Property
  • Deck
  • Lot Dimensions are 30 x 125

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $2,700
  • Net Operating Income $1,769

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,173

Year Built

Built in 1979

Lot Details

0 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1979
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • General Information: Commuter Bus
  • Rehab (Y/N): No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 5
  • Total Bedrooms: 6
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
  • ParkingTotal: 2

Utilities

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

Fee Information

  • Other Expenses $: 930

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 1769
  • GrossIncome: 2700
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Story Unit/s

Tax Info

  • Tax Annual Amount: 4173.49
  • Tax Year: 2012
  • 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
Jan 18, 2014
Closed on
Jul 3, 2014
Sold by
Bought by
Seller's Agent
Eduardo Garza
NowEquity Real Estate
Buyer's Agent
Maria Ivette Hollendoner
Keller Williams Preferred Realty
List Price
$359,900
Sold Price
$310,000
Premium/Discount to List
-$49,900
-13.86%
Current Estimated Value
$589,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$279,000
Avg. Annual Appreciation
5.49%
Original Mortgage
$200,000
Interest Rate
4.68%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 14, 2005
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
$235,000
Interest Rate
4.34%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 10, 1998
Sold by
Bought by
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
$310,000 Chicago Title Insurance Co
$485,000 Git
$270,000 Professional National Title
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 $200,000
Previous Owner $235,000
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
07/03/2014 07/03/14 Sold $310,000 -8.8% --
03/31/2014 03/31/14 Pending -- -- --
03/26/2014 03/26/14 Price Changed $339,900 -2.9% --
03/07/2014 03/07/14 Price Changed $349,900 -2.8% --
01/18/2014 01/18/14 For Sale $359,900 -- --
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 $5,564 $44,000 $4,375 $39,625
2024 $5,564 $44,000 $4,375 $39,625
2023 $5,424 $26,369 $3,906 $22,463
2022 $5,424 $26,369 $3,906 $22,463
2021 $5,303 $26,369 $3,906 $22,463
2020 $5,301 $23,797 $3,125 $20,672
2019 $5,433 $27,043 $3,125 $23,918
2018 $5,342 $27,043 $3,125 $23,918
2017 $6,764 $31,421 $2,812 $28,609
2016 $6,293 $31,421 $2,812 $28,609
2015 $5,758 $31,421 $2,812 $28,609
2014 $4,176 $25,076 $2,656 $22,420
2013 $4,082 $25,076 $2,656 $22,420
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2014

    Eduardo Garza

    NowEquity Real Estate

    (708) 598-1144

    33 Total Sales

    Eduardo Garza
    Section Image
  • Maria Ivette Hollendoner

    Buyer's Agent in 2014

    Maria Ivette Hollendoner

    Keller Williams Preferred Realty

    (312) 505-9611

    2 in this area

    152 Total Sales

    Maria Ivette Hollendoner
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08519514

Midwest Real Estate Data (MRED)

APN: 19-07-326-040-0000

Illinois Cook County Chicago 60638 Garfield Ridge

7008 W Archer 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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