7023 W Archer Ave Chicago, IL 60638
Garfield Ridge NeighborhoodEstimated payment $2,494/month
Highlights
- Open Floorplan
- Laundry Room
- Forced Air Heating and Cooling System
- Living Room
- 1-Story Property
- Dining Room
About This Home
Excellent Opportunity in Garfield Ridge on Archer Ave! This adaptable property-now zoned R-2-offers strong potential for investors, developers, or anyone looking to reimagine a well-located building. Positioned just two blocks east of Harlem Ave, it sits in a high-visibility area with convenient access to everyday amenities. The building includes a full basement for storage, two half baths, a rear storage room, and an additional room that already has a sink and refrigerator, giving you flexible options for future use. Key updates include a newer furnace, a 2-year-old water heater, and a roof replaced about 3 years ago. Parking is a major plus here, with 6-8 spaces available in the back-ideal for tenants or future plans. The location adds even more value: close to shopping, public transit, I-55, the Orange Line, and Midway Airport. If you're looking for a property with space, accessibility, and strong potential, this Garfield Ridge offering deserves your attention.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,849
Year Built
- Built in 1961
Lot Details
- Lot Dimensions are 41.79 x 87.80
- Paved or Partially Paved Lot
Home Design
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- 1,400 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Family Room
- Living Room
- Dining Room
- Basement Fills Entire Space Under The House
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- 2 Bathrooms
Parking
- 6 Parking Spaces
- Off Alley Parking
- Parking Included in Price
Utilities
- Forced Air Heating and Cooling System
- Lake Michigan Water
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,849 | $38,750 | $11,719 | $27,031 |
| 2023 | $7,651 | $37,202 | $11,133 | $26,069 |
| 2022 | $7,651 | $37,202 | $11,133 | $26,069 |
| 2021 | $7,481 | $37,200 | $11,132 | $26,068 |
| 2020 | $9,579 | $43,000 | $11,132 | $31,868 |
| 2019 | $10,736 | $53,437 | $11,132 | $42,305 |
| 2018 | $10,556 | $53,437 | $11,132 | $42,305 |
| 2017 | $10,104 | $46,936 | $10,156 | $36,780 |
| 2016 | $9,401 | $46,936 | $10,156 | $36,780 |
| 2015 | $8,601 | $46,936 | $10,156 | $36,780 |
| 2014 | $8,708 | $46,936 | $10,156 | $36,780 |
| 2013 | $8,536 | $46,936 | $10,156 | $36,780 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/03/2025 12/03/25 | For Sale | $350,000 | -- | $250 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $120,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $165,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12517194
APN: 19-18-103-002-0000
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