NOT LISTED FOR SALE

7041 W Addison St Chicago, IL 60634

Schorsch Village Neighborhood

Estimated Value: $570,000 - $975,000

6 Beds
4 Baths
3,790 Sq Ft
$204/Sq Ft Est. Value

Sale Details

Date Sold: December 7, 2021

Last sale price $525,000 $139 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $4,747 / mo

11 Days on Market

About This Home

As of December 2021

Well 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.

Last Agent to Sell the Property

Debra Dobbs

Compass License #475094099 Listed on: 09/20/2021

Compass

Last Buyer's Agent

Christopher Davis

Inspire Realty Group LLC License #471020520

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,242

Year Built

Built in 1933

Lot Details

3,136 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: 1933
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Hardwood Floors
  • AppliancesAndFeatures: None

Exterior Features

  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 6
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Heating: Natural Gas
  • Water Source: Lake Michigan, Public

Schools

  • Elementary School: Bridge Elementary School
  • High School: Steinmetz Academic Centre Senior
  • Middle/Junior School: Bridge Elementary School

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 50X125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: None

Tax Info

  • Tax Annual Amount: 7241.55
  • Tax Year: 2020

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 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

Closed on
Oct 5, 2023
Sold by
Bought by
Current Estimated Value
$772,500

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
$87,797

Purchase Details

Listed on
Sep 20, 2021
Closed on
Dec 7, 2021
Sold by
Bought by
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
8.90%
Original Mortgage
$385,000
Interest Rate
2.98%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 24, 2009
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

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
$715,000 Fidelity National Title
$525,000 Chicago Title
-- 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
Open $702,049
Previous Owner $385,000
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
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

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 $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

    Seller's Agent in 2021

    Debra Dobbs

    Compass

    (312) 307-4909

    1 in this area

    272 Total Sales

    Debra Dobbs
    Section Image
  • Christopher Davis

    Buyer's Agent in 2021

    Christopher Davis

    Inspire Realty Group LLC

    (847) 489-3476

    2 in this area

    274 Total Sales

    Christopher Davis
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11224190

Midwest Real Estate Data (MRED)

APN: 13-19-303-008-0000

Illinois Cook County Chicago 60634 Schorsch Village

7041 W Addison St, 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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.