NOT LISTED FOR SALE

7020 S Cornell Ave Chicago, IL 60649

South Shore Neighborhood
7 Beds
4 Baths
-- Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: June 5, 2020

Last sale price $384,000

8 Days on Market

Highlights

  • Gated Community
  • 3-minute walk to Stony Island Station
  • Paved or Partially Paved Lot
  • Porch
  • Forced Air Heating System
  • 4-minute walk to Chestnut Park

About This Home

As of June 2020

Live large in this beautiful renovation of a Classic all brick Chicago two flat on a Jumbo sized (40x162!) lot. Tasteful, modern details in a red hot Jackson Park area location, just step from the Metra train, new Grocery, The Jackson Park Golf Course, Obama Presidential Library Site, and Lakefront. The building features a reimagined Chicago two-flat layout with open kitchens and two exquisite baths in each unit. White shaker cabinets, quartz countertops, & new stainless appliances and crisp white penny backsplash tile, flow into new rear porch decks. Additional features include a perfect master bedroom with en-suite bath, separate heat with new HVAC & central air, and laundry hook ups in each unit. The rear porches lead down to a huge fenced backyard and side yard. Parking for three cars. Each unit has hardwood floors throughout. Wonderful opportunity to own a beautifully renovated building in a rapidly appreciating market along Chicago's Lakefront. A perfect step up, without compromises, for the investment minded buyer. Move right in, just in time for summer in the yard.

Last Agent to Sell the Property

Wayne Beals

Exit Strategy Realty / EMA Management License #471018068 Listed on: 04/28/2020

Last Buyer's Agent

Jennifer Blackman

Keller Williams Rlty Partners License #475175337

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,448

Year Built

  • Built in 1890 | Remodeled in 2020

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 40x162
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price

Utilities

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

Additional Features

  • Basement Fills Entire Space Under The House
  • Porch

Community Details

  • 2 Units
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,448

Year Built

Built in 1890 | Remodeled in 2020

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1890
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2020
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2020

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Other Equipment: CO Detectors
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Concrete Perimeter
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved

Lot Info

  • Lot Size Acres: 0.15
  • Lot Dimensions: 40X162
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 3448.37
  • Tax Year: 2018
  • 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
Apr 28, 2020
Closed on
Jun 4, 2020
Sold by
Bought by
Seller's Agent
Wayne Beals
Exit Strategy Realty / EMA Management
Buyer's Agent
Jennifer Blackman
Keller Williams Rlty Partners
List Price
$399,000
Sold Price
$384,000
Premium/Discount to List
-$15,000
-3.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,044
Interest Rate
0.03%
Mortgage Type
FHA

Purchase Details

Listed on
May 21, 2018
Closed on
Jun 28, 2018
Sold by
Bought by
Seller's Agent
Henry Torn
ListWithFreedom.com
Buyer's Agent
Non Member
NON MEMBER
List Price
$59,900
Sold Price
$59,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
159.30%
Original Mortgage
$159,900
Interest Rate
0.046%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 24, 2016
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
$500,000
Interest Rate
0.1%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 1, 2016
Sold by
Bought by

Purchase Details

Closed on
Jun 20, 2014
Sold by
Bought by

Purchase Details

Closed on
Jun 30, 2006
Sold by
Bought by
Source: Public Records
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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
$384,000 Fidelity National Title
$60,000 Fidelity National Title Insu
-- Fidelity National Title
-- None Available
-- None Available
$65,000 None Available
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
Previous Owner $377,044
Previous Owner $159,900
Previous Owner $500,000
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 Prior Sale
06/05/2020 06/05/20 Sold $384,000 -3.8% --
05/06/2020 05/06/20 Pending -- -- --
04/28/2020 04/28/20 For Sale $399,000 +566.1% --
08/30/2018 08/30/18 Off Market $59,900 -- --
06/25/2018 06/25/18 Sold $59,900 0.0% -- View Prior Sale
05/22/2018 05/22/18 Pending -- -- --
05/21/2018 05/21/18 For Sale $59,900 -- --
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 $3,321 $23,700 $4,890 $18,810
2024 $3,321 $23,700 $4,890 $18,810
2023 $3,204 $19,000 $8,150 $10,850
2022 $3,204 $19,000 $8,150 $10,850
2021 $3,151 $19,000 $8,150 $10,850
2020 $3,422 $15,362 $5,868 $9,494
2019 $3,507 $17,457 $5,868 $11,589
2018 $3,448 $17,457 $5,868 $11,589
2017 $3,898 $18,108 $5,216 $12,892
2016 $3,627 $18,108 $5,216 $12,892
2015 $3,318 $18,108 $5,216 $12,892
2014 $3,043 $16,400 $4,564 $11,836
2013 $2,983 $16,400 $4,564 $11,836
Source: Public Records

Agents Affiliated with this Home

  • Wayne Beals

    Seller's Agent in 2020

    Wayne Beals

    Exit Strategy Realty / EMA Management

    (312) 772-3257

    134 Total Sales

    Wayne Beals
    Section Image

  • J

    Buyer's Agent in 2020

    Jennifer Blackman

    Keller Williams Rlty Partners

  • Henry Torn

    Seller's Agent in 2018

    Henry Torn

    ListWithFreedom.com

    (847) 254-8894

    487 Total Sales

    Henry Torn
    Section Image

  • N

    Buyer's Agent in 2018

    Non Member

    NON MEMBER

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10700558

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60649 South Shore

7020 S Cornell 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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