Airel Hermosillo
Smart Home Realty
(630) 761-5132
273 Total Sales
1 in South Shore
$46,000 Price
7043 S Clyde Ave Chicago, IL 60649
South Shore Neighborhood
12
Beds
36
Baths
9,486
Sq Ft
6,250
Sq Ft Lot
About This Home
As of October 2023Welcome to Jackson Park, the finest area in South Shore, where an exceptional opportunity awaits you. This 6-unit building boasts a desirable layout, with each unit featuring 2 spacious bedrooms and 1 bathroom. Individual utilities ensure convenience and flexibility for both tenants and landlords. Renovated to perfection in 2016, this building underwent a complete transformation from top to bottom. Every unit was meticulously remodeled, allowing the contractor to start with a clean slate. The result? A fresh, modern living space for each resident. The renovations encompassed new windows, updated electrical systems, upgraded plumbing, efficient furnaces, stylish cabinets, pristine drywall, and attractive flooring. The use of professional-grade materials and the attention to detail in the renovations make this property an exceptional addition to your investment portfolio. Tuckpointing & lentils were completed in 2023. Convenience is key, as this property is situated in close proximity to shopping centers and transportation options, ensuring easy access to amenities and commuting routes. Moreover, the highly anticipated Obama Library, currently under construction nearby, promises to further enhance the value of the area in the coming years. There exists a notable potential to enhance the property's value through the upward adjustment of current below-market lease rates to align with prevailing market-level lease rates during the time of renewal or execution of new leases.
Last Agent to Sell the Property
@properties Commercial License #475128895 Listed on: 07/06/2023
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,440
Year Built
- Built in 1918
Lot Details
- 6,250 Sq Ft Lot
- Lot Dimensions are 50 x 125
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Reflective Roof
- Concrete Block And Stucco Construction
- Concrete Perimeter Foundation
Interior Spaces
- 9,486 Sq Ft Home
- 3-Story Property
- Fire and Smoke Detector
- Unfinished Basement
Bedrooms and Bathrooms
- 12 Bedrooms
- 36 Bathrooms
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
- 200+ Amp Service
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $919
- Fuel Expense $395
- Insurance Expense $3,000
- Maintenance Expense $5,246
- Manager Expense $3,586
- Other Expense $1,866
- Water Sewer Expense $4,169
- Operating Expense $26,621
- Gross Income $73,920
- Net Operating Income $45,103
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Shore, IL
-
Airel Hermosillo
-
Laraine Hanson
Laraine Hanson
Laraine Hanson
(708) 905-8036
17 Total Sales
1 in South Shore
$360,000 Price
-
George Ayling
George Ayling
Select a Fee RE System
(708) 859-7153
202 Total Sales
2 in South Shore
$412K - $740K Price Range
-
Oscar Arteaga
Oscar Arteaga
Keller Williams Infinity
(773) 694-4311
75 Total Sales
2 in South Shore
$75K - $195K Price Range
-
Daisy Neal
Daisy Neal
Daisy Neal
(877) 894-6002
20 Total Sales
1 in South Shore
$92,500 Price
-
Carolyn Moore-Washington
Carolyn Moore-Washington
Coldwell Banker Realty
(708) 572-3115
102 Total Sales
3 in South Shore
$40K - $358K Price Range
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 |
|---|---|---|---|---|---|
| 10/30/2023 10/30/23 | Sold | $590,000 | -1.7% | $62 / Sq Ft | |
| 07/28/2023 07/28/23 | Pending | -- | -- | -- | |
| 07/06/2023 07/06/23 | For Sale | $600,000 | +51.9% | $63 / Sq Ft | |
| 02/28/2017 02/28/17 | Sold | $395,000 | -1.2% | -- | View Prior Sale |
| 12/09/2016 12/09/16 | Pending | -- | -- | -- | |
| 05/09/2016 05/09/16 | For Sale | $399,900 | -- | -- |
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 | $7,834 | $50,836 | $9,667 | $41,169 |
| 2024 | $7,834 | $55,000 | $9,667 | $45,333 |
| 2023 | $7,610 | $37,000 | $7,796 | $29,204 |
| 2022 | $7,610 | $37,000 | $7,796 | $29,204 |
| 2021 | $7,440 | $36,999 | $7,796 | $29,203 |
| 2020 | $6,946 | $31,181 | $7,796 | $23,385 |
| 2019 | $7,039 | $35,035 | $7,796 | $27,239 |
| 2018 | $6,921 | $35,035 | $7,796 | $27,239 |
| 2017 | $5,811 | $26,992 | $6,860 | $20,132 |
| 2016 | $5,406 | $26,992 | $6,860 | $20,132 |
| 2015 | $4,946 | $26,992 | $6,860 | $20,132 |
| 2014 | $4,649 | $25,059 | $5,613 | $19,446 |
| 2013 | $4,558 | $25,059 | $5,613 | $19,446 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin Rocio
Seller's Agent in 2023
Kevin Rocio
@ Properties
(312) 972-4381
4 in this area
25 Total Sales
-
Sharial Howard
Seller Co-Listing Agent in 2023
Sharial Howard
@ Properties
(217) 722-0135
8 in this area
89 Total Sales
-
Magdalena Kopec
Buyer's Agent in 2023
Magdalena Kopec
Re/max Millennium
(708) 257-7094
1 in this area
97 Total Sales
-
JS
Seller's Agent in 2017
Jim Samuelson
ANTON AGENCY OF ILLINOIS LLC
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11824611
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.
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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