NOT LISTED FOR SALE

7130 S Cornell Ave Chicago, IL 60649

South Shore Neighborhood

Estimated Value: $88,000 - $180,000

2 Beds
1 Bath
1,500 Sq Ft
$89/Sq Ft Est. Value

Last Sold May 29, 2024

Last sale price $65,000 $43 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $825/month

31 Days on Market

Highlights

  • Senior Tax Exemptions
  • 2-minute walk to Stony Island Station
  • 4-minute walk to Hodes Park

About This Home

As of May 2024

Great opportunity in South Shore! This three-bedroom, one-bath frame home is situated on a huge lot, offering ample potential for renovation or redevelopment. Whether you're looking to undertake a comprehensive rehab or start fresh with your dream home, this property provides the canvas. Convenient front parking is available, with space to develop a garage in the back. Additionally, the expansive basement boasts space for an additional room, family room, and bathroom. Bring your ideas today! Sold as-is. Don't miss out on this promising investment!

Last Agent to Sell the Property

Skyler Lemons

EXIT Strategy Realty License #475196290 Listed on: 03/18/2024

EXIT Strategy Realty

Last Buyer's Agent

Mario Reme

Homevue Realty, Inc License #471015904

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $173

Year Built

  • Built in 1889

Lot Details

  • 3,833

Home Design

  • Frame Construction

Interior Spaces

  • 1,500 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Additional Features

  • Lot Dimensions are 35x108.9
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$173

Year Built

Built in 1889

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1.5 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1.5 Story
  • Year Built: 1889
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 1500
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Parking: None

Utilities

  • Cooling: Other
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Lot Info

  • Lot Dimensions: 35X108.9
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 173.27
  • Tax Year: 2022
  • Tax Exemptions: Homeowner,Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2024
Closed on
May 15, 2024
Sold by
Chicago Title Land Trust Company
Bought by
7130 S Cornell Llc
Seller's Agent
Skyler Lemons
EXIT Strategy Realty
Buyer's Agent
Mario Reme
Homevue Realty, Inc
List Price
$79,999
Sold Price
$65,000
Premium/Discount to List
-$14,999
-18.75%
Views
134
Current Estimated Value
$133,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,134
Avg. Annual Appreciation
63.41%

Purchase Details

Closed on
Dec 13, 2022
Sold by
Harrison Emma Norwood
Bought by
Chicago Title Lnad Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
7130 S Cornell Llc $65,000 Chicago Title
Chicago Title Lnad Trust -- None Listed On Document
Chicago Title Lnad Trust -- None Listed On Document
Chicago Title Lnad Trust -- None Listed On Document
Chicago Title Lnad Trust -- None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2024 05/29/24 Sold $65,000 -18.7% $43 / Sq Ft
04/19/2024 04/19/24 Pending -- -- --
03/18/2024 03/18/24 For Sale $79,999 -- $53 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $1,482 $6,800 $3,998 $2,802
2023 $173 $7,000 $4,769 $2,231
2022 $173 $7,000 $4,769 $2,231
2021 $68 $6,999 $4,768 $2,231
2020 $873 $9,503 $3,433 $6,070
2019 $881 $10,559 $3,433 $7,126
2018 $864 $10,559 $3,433 $7,126
2017 $210 $8,425 $3,052 $5,373
2016 $635 $8,425 $3,052 $5,373
2015 $610 $8,425 $3,052 $5,373
2014 $605 $7,846 $2,670 $5,176
2013 $607 $7,846 $2,670 $5,176
Source: Public Records

Agents Affiliated with this Home

  • Skyler Lemons

    Seller's Agent in 2024

    Skyler Lemons

    EXIT Strategy Realty

    (312) 799-0913

    2 in this area

    57 Total Sales

    Skyler Lemons
    Section Image

  • M

    Buyer's Agent in 2024

    Mario Reme

    Homevue Realty, Inc

    (847) 461-3430

    11 in this area

    67 Total Sales

    Mario Reme
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12006927

Midwest Real Estate Data (MRED)

APN: 20-25-100-018-0000

Illinois Cook County Chicago 60649 South Shore

7130 S Cornell Ave, Chicago, IL

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