Rafay Qamar
Real Broker LLC
(833) 359-9113
1,079 Total Sales
1 in Schorsch Village
$385,000 Price
7125 W Addison St Chicago, IL 60634
Schorsch Village Neighborhood
--
Beds
--
Baths
--
Sq Ft
1974
Built
About This Home
As of February 2025Original owners decided it's time to sell. All units are above grade. No garden units! This beautiful yellow brick building is being offered for sale for the first time in 50 years! This high visibility prime corner location offers more parking for tenants as well as more sunlight and an overall open and more comfortable feel! There are 6 parking spaces in the rear off the alley that are sizable and easy to access. The unit mix is comprised of 6 units in total with 5 being 2 bedrooms and 1 bath and 1 unit having 1 bedroom and 1 bath. As you can imagine these rents are very low due to the long time owners and long time tenants. Do your own math and you will be impressed at how much the NOI will change with only a modest rent increase. All tenants are on a month to month lease. Building was newly tuckpointed 3 years ago! Market rents for the 2 bedroom units $1500-$1800 and for the 1 bedroom unit $1150-$1400. See pro forma under additional information using the low end of market rents. This quality 6 unit building is a huge win for your portfolio!
Last Agent to Sell the Property
@properties Christie's International Real Estate License #471005750 Listed on: 08/30/2024
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
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,753
Year Built
- Built in 1974
Parking
- 6 to 12 Parking Spaces
Home Design
- Brick Exterior Construction
- Concrete Block And Stucco Construction
- Concrete Perimeter Foundation
Interior Spaces
- 3-Story Property
- Exterior Basement Entry
Lot Details
- Lot Dimensions are 40 x 125
Utilities
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $491
- Fuel Expense $5,710
- Insurance Expense $3,552
- Trash Expense $1,200
- Water Sewer Expense $3,176
- Operating Expense $14,129
- Gross Income $83,700
- Net Operating Income $55,818
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Schorsch Village, IL
-
Rafay Qamar
-
Flor Lumpkins
Flor Lumpkins
Keller Williams Thrive
(844) 404-2998
81 Total Sales
3 in Schorsch Village
$310K - $410K Price Range
-
Yevhen Hurtovyi
Yevhen Hurtovyi
Realta Real Estate
(773) 570-9695
232 Total Sales
1 in Schorsch Village
$122,000 Price
-
Irais Torres
Irais Torres
Fulton Grace Realty
(224) 808-4852
40 Total Sales
1 in Schorsch Village
$515,000 Price
-
Brenda Martinez
Brenda Martinez
RE/MAX LOYALTY
(833) 716-6041
99 Total Sales
2 in Schorsch Village
$354K - $525K Price Range
-
Isamar Gomez
Isamar Gomez
Smart Home Realty
(888) 366-3032
60 Total Sales
1 in Schorsch Village
$354,000 Price
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 |
|---|---|---|---|
| $970,000 | None Listed On Document |
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 |
|---|---|---|---|
| Previous Owner | $365,000 |
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 |
|---|---|---|---|---|
| 02/05/2025 02/05/25 | Sold | $970,000 | -7.6% | -- |
| 12/16/2024 12/16/24 | Pending | -- | -- | -- |
| 08/30/2024 08/30/24 | For Sale | $1,050,000 | -- | -- |
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 | $14,109 | $80,001 | $18,568 | $61,433 |
| 2024 | $14,109 | $80,001 | $18,568 | $61,433 |
| 2023 | $13,754 | $66,832 | $14,854 | $51,978 |
| 2022 | $13,754 | $66,832 | $14,854 | $51,978 |
| 2021 | $14,688 | $73,000 | $14,854 | $58,146 |
| 2020 | $12,509 | $56,120 | $7,692 | $48,428 |
| 2019 | $12,968 | $64,506 | $7,692 | $56,814 |
| 2018 | $12,750 | $64,506 | $7,692 | $56,814 |
| 2017 | $11,757 | $54,584 | $6,896 | $47,688 |
| 2016 | $10,939 | $54,584 | $6,896 | $47,688 |
| 2015 | $10,008 | $54,584 | $6,896 | $47,688 |
| 2014 | $9,777 | $52,654 | $6,366 | $46,288 |
| 2013 | $9,583 | $52,654 | $6,366 | $46,288 |
Source: Public Records
Agents Affiliated with this Home
-
Ralph Milito
Seller's Agent in 2025
Ralph Milito
@ Properties
(847) 980-8093
2 in this area
184 Total Sales
-
Katarzyna Ziarek
Buyer's Agent in 2025
Katarzyna Ziarek
In Business Real Estate
(773) 837-2797
1 in this area
5 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12151750
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
Nearby Homes
- 7148 W Addison St Unit C
- 3628 N Nottingham Ave
- 3625 N Nora Ave
- 3716 N Nottingham Ave
- 7018 W Newport Ave
- 8217-8223 W Forest Preserve Ave
- 3530 N Odell Ave
- 3423 N Odell Ave
- 3755 N Odell Ave
- 3849 N Nora Ave
- 3649 N Newcastle Ave
- 3836 N Oconto Ave
- 6971 W School St
- 3258 N Harlem Ave Unit 503
- 3253 N Oconto Ave
- 3232 N Nottingham Ave
- 3230 N Neva Ave
- 3312 N New England Ave
- 3301 N Newland Ave
- 3423 N Osceola Ave
- 7131 W Addison St
- 7119 W Addison St
- 7121 W Addison St
- 3545 N Nottingham Ave
- 7117 W Addison St
- 3558 N Nottingham Ave
- 7115 W Addison St
- 3601 N Nottingham Ave
- 3541 N Nottingham Ave
- 7141 W Addison St
- 3605 N Nottingham Ave
- 3537 N Nottingham Ave
- 7143 W Addison St
- 3540 N Nottingham Ave
- 3609 N Nottingham Ave
- 3535 N Nottingham Ave
- 7140 W Addison St Unit 1E
- 7140 W Addison St Unit 2E
- 7145 W Addison St
- 7145 W Addison St Unit 2
Your Personal Tour Guide
Ask me questions while you tour the home.