Seller's Agent in 2021
Debra Dobbs
Compass
(312) 307-4909
1 in this area
285 Total Sales
7041 W Addison St Chicago, IL 60634
Schorsch Village NeighborhoodEstimated Value: $524,000 - $763,000
6
Beds
4
Baths
3,790
Sq Ft
$170/Sq Ft
Est. Value
About This Home
As of December 2021Well maintained mixed-use brick building in Schorsch Village. The building has 3 residential units, a storefront currently used as a hair salon with a private basement and a powder room, and a 25X125 vacant adjacent lot. Each residential unit has an in-wall air conditioner, individual heat, and extra storage space. All three units are 2bd/1bath, two of the units have enclosed porches, the owner's unit is the largest with a spacious formal dining room, and a private entrance. Full basement with washer and dryer and a full bathroom. There is a two-car brick garage plus additional exterior parking spaces for each unit. Convenient location, close to public transportation, Shabbona Park, and five minutes from Harlem Irving Plaza.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,242
Year Built
- Built in 1933
Lot Details
- Lot Dimensions are 50x125
- Additional Parcels
Parking
- 2 Car Detached Garage
- Parking Included in Price
Home Design
- Flat Roof Shape
- Brick Exterior Construction
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 4 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
Schools
- Bridge Elementary School
- Steinmetz Academic Centre Senior High School
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- 4 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 5, 2023
Sold by
Sarwar Muhammad Naeem
Bought by
Alvarez Eric Salvador
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$702,049
Outstanding Balance
$684,703
Interest Rate
6.6%
Mortgage Type
FHA
Estimated Equity
-$41,203
Purchase Details
Listed on
Sep 20, 2021
Closed on
Dec 7, 2021
Sold by
Cieslak Virginia L and Scaletta Mary A
Bought by
Sarwar Muhammad Naeem
Seller's Agent
Debra Dobbs
Compass
Buyer's Agent
Christopher Davis
Inspire Realty Group LLC
Sold Price
$525,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.13%
Original Mortgage
$385,000
Interest Rate
2.98%
Mortgage Type
Unknown
Purchase Details
Closed on
Feb 24, 2009
Sold by
Park National Bank
Bought by
Salvo Joseph P and The Joseph P Salvo Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Alvarez Eric Salvador | $715,000 | Fidelity National Title | |
| Sarwar Muhammad Naeem | $525,000 | Chicago Title | |
| Salvo Joseph P | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Alvarez Eric Salvador | $702,049 | |
| Previous Owner | Sarwar Muhammad Naeem | $385,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/07/2021 12/07/21 | Sold | $525,000 | -5.7% | $139 / Sq Ft |
| 10/04/2021 10/04/21 | For Sale | -- | -- | -- |
| 10/02/2021 10/02/21 | Pending | -- | -- | -- |
| 09/20/2021 09/20/21 | For Sale | $557,000 | -- | $147 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $6,752 | $46,001 | $10,938 | $35,063 |
| 2024 | $6,752 | $46,001 | $10,938 | $35,063 |
| 2023 | $6,582 | $32,000 | $8,750 | $23,250 |
| 2022 | $6,582 | $32,000 | $8,750 | $23,250 |
| 2021 | $6,435 | $32,000 | $8,750 | $23,250 |
| 2020 | $6,232 | $27,976 | $4,531 | $23,445 |
| 2019 | $6,461 | $32,157 | $4,531 | $27,626 |
| 2018 | $6,352 | $32,157 | $4,531 | $27,626 |
| 2017 | $7,150 | $33,214 | $4,062 | $29,152 |
| 2016 | $6,941 | $34,654 | $4,062 | $30,592 |
| 2015 | $6,350 | $34,654 | $4,062 | $30,592 |
| 2014 | $5,944 | $32,034 | $3,750 | $28,284 |
| 2013 | $5,826 | $32,034 | $3,750 | $28,284 |
Source: Public Records
Agents Affiliated with this Home
-
Debra Dobbs
-
Christopher Davis
Buyer's Agent in 2021
Christopher Davis
Inspire Realty Group LLC
(847) 489-3476
2 in this area
318 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11224190
APN: 13-19-303-008-0000
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