NOT LISTED FOR SALE

7021 W 74th Place Chicago, IL 60638

Estimated Value: $199,000 - $230,895

3 Beds
1 Bath
900 Sq Ft
$233/Sq Ft Est. Value

Last Sold July 22, 2024

Last sale price $190,000 $211 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,341/month

94 Days on Market

Highlights

  • 1.5-Story Property
  • Loft
  • 3 Car Detached Garage
  • Main Floor Bedroom
  • Separate Outdoor Workshop
  • Soaking Tub

About This Home

As of July 2024

Welcome to this charming starter home nestled in a prime location, presenting an exceptional opportunity for first-time home buyers or savvy investors looking for a special property. This inviting 3-bedroom ranch-style residence is designed for comfortable living and holds the promise of potential with its unique features. Upon entering, you're greeted by a warm and welcoming ambiance, with a layout that flows effortlessly. The highlight of this property is the oversized commercial-like detached garage, a rare find that offers ample space for storage or the pursuit of business endeavors. Whether you're a hobbyist, entrepreneur, or simply in need of extra storage, this garage provides the versatility to cater to various needs. The home itself has undergone significant updates to ensure peace of mind for its occupants. Most mechanical systems have been replaced within the past 3-5 years, ensuring efficient functionality and reduced maintenance concerns. Additionally, the roof on both the home and garage was replaced in 2023, while the siding and windows have been updated within the last 9 years, enhancing both aesthetics and energy efficiency. Inside the main residence, the sunny eat-in kitchen features newer appliances, creating a pleasant space for culinary endeavors and casual dining. Two bedrooms and a well-appointed bathroom are situated on the first level, offering comfort and convenience. Ascending to the second level, a loft area awaits, presenting a versatile space that could serve as a home office, entertainment area, or additional living space. With the potential to be utilized as a third bedroom, this loft area expands the home's flexibility to accommodate varying needs. The standout feature of this property is undoubtedly the oversized garage, boasting generous dimensions of 30X26 feet with 12-foot ceilings. Furthermore, the garage's electrical voltage has been upgraded to 220V, catering to a wide range of equipment and machinery needs. Don't miss out on the opportunity to make this versatile property your own, offering both residential comfort and potential investment opportunities. Whether you're seeking a cozy home to call your own or exploring the possibilities for income generation, this property stands ready to fulfill your aspirations. Schedule a viewing today and discover the endless possibilities that await within this exceptional starter home. Home is sold AS IS.

Last Agent to Sell the Property

Izabela Golonka

Exit Realty Redefined License #475181247 Listed on: 03/11/2024

Exit Realty Redefined

Last Buyer's Agent

Maria Figueroa

Realty of America, LLC License #475183320

Realty of America, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $389

Year Built

  • Built in 1951

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x132

Parking

  • 3 Car Detached Garage
  • Garage ceiling height seven feet or more
  • Driveway
  • Parking Included in Price

Home Design

  • 1.5-Story Property
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 900 Sq Ft Home
  • Aluminum Window Frames
  • Sliding Doors
  • Entrance Foyer
  • Loft
  • Laminate Flooring

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 1 Full Bathroom
  • Soaking Tub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Separate Outdoor Workshop

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$389

Year Built

Built in 1951

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1.5 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1.5 Story
  • Year Built: 1951
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • MonthToMonthYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Wood Laminate Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath
  • LivingArea: 900
  • Room Type: Foyer, Loft
  • Estimated Total Finished Sq Ft: 900
  • Basement Description: None
  • Bathroom Amenities: Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: None
  • Total Sq Ft: 900
  • Total Sq Ft: 900
  • Attic: Finished,Full,Interior Stair
  • Main Level Sq Ft: 900
  • Door Features: Sliding Doors
  • Window Features: Aluminum Frames
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Patio, Workshop
  • Foundation Details: Concrete Perimeter
  • List Price: 209500
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Frame

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Driveway: Asphalt
  • Garage Details: 7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Units - 2
  • Heating: Natural Gas, Electric
  • Laundry Features: Laundry Closet
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 111

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.16
  • Lot Dimensions: 50X132
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 389.47
  • Tax Year: 2022
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2024
Closed on
Jul 19, 2024
Sold by
Trust Number 12828 and Marquette Bank
Bought by
Garcia Alicia and Garcia Nicolasa
Seller's Agent
Izabela Golonka
Exit Realty Redefined
Buyer's Agent
Maria Figueroa
Realty of America, LLC
List Price
$209,500
Sold Price
$190,000
Premium/Discount to List
-$19,500
-9.31%
Views
644
Current Estimated Value
$209,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,474
Avg. Annual Appreciation
8.19%
Original Mortgage
$162,000
Outstanding Balance
$161,134
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$48,340
Source: Public Records

Range of Values:

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Average Value
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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
Garcia Alicia $190,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Alicia $162,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2024 07/22/24 Sold $190,000 -9.3% $211 / Sq Ft
06/14/2024 06/14/24 Pending -- -- --
06/12/2024 06/12/24 For Sale $209,500 +10.3% $233 / Sq Ft
06/10/2024 06/10/24 Off Market $190,000 -- --
06/05/2024 06/05/24 For Sale $209,500 0.0% $233 / Sq Ft
05/31/2024 05/31/24 Pending -- -- --
05/16/2024 05/16/24 Price Changed $209,500 0.0% $233 / Sq Ft
05/16/2024 05/16/24 For Sale $209,500 -2.3% $233 / Sq Ft
04/15/2024 04/15/24 Pending -- -- --
04/12/2024 04/12/24 Price Changed $214,500 -2.3% $238 / Sq Ft
04/08/2024 04/08/24 For Sale $219,500 0.0% $244 / Sq Ft
04/02/2024 04/02/24 Pending -- -- --
03/11/2024 03/11/24 For Sale $219,500 -- $244 / Sq Ft
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 $2,762 $16,000 $3,439 $12,561
2023 $685 $16,000 $3,439 $12,561
2022 $685 $8,864 $2,948 $5,916
2021 $708 $8,863 $2,947 $5,916
2020 $1,020 $8,863 $2,947 $5,916
2019 $624 $8,160 $2,620 $5,540
2018 $605 $8,160 $2,620 $5,540
2017 $2,434 $8,160 $2,620 $5,540
2016 $953 $7,336 $2,128 $5,208
2015 $2,864 $9,513 $2,128 $7,385
2014 $958 $9,513 $2,128 $7,385
2013 $2,678 $9,963 $2,128 $7,835
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12000811

Midwest Real Estate Data (MRED)

APN: 19-30-115-009-0000