NOT LISTED FOR SALE

7148 S Cornell Ave Chicago, IL 60649

South Shore Neighborhood

Estimated Value: $358,000 - $415,185

6 Beds
5 Baths
756 Sq Ft
$521/Sq Ft Est. Value

Last Sold January 21, 2025

Last sale price $410,000 $542 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,331/month

8 Days on Market

About This Home

As of January 2025

***SELLER SAYS SELL!!! TWO COMPLETELY SEPARATE UNITS*** Welcome to one of the most UNIQUE PROPERTIES in all of the highly sought SOUTH SHORE area. Whether you have a LARGE FAMILY or are the smart INVESTOR looking for that PERFECT portfolio ASSET, this is the place for you. This property possesses 2 completely REMODELED homes on one lot: The FRONT HOME has 3 bedrooms and 2.5 baths, REAR HOME has 3 bedrooms and 2 baths AND IS RENTED FOR MARKET RATE. Both feature NEW KITCHENS boasting CUSTOM CABINETS with QUARTZ COUNTERS and brand new STAINLESS APPLIANCES. All baths are rehabbed with ornate tile inlays. There are UPDATED electric, plumbing and HVAC systems as well as LAUNDRY IN EACH UNIT. The front home features a NEW ROOF. The rear home has a LARGE WOODEN DECK in front great for getting some outdoor time. This property is the PERFECT IN-LAW LIVING/EXTENDED FAMILY situation or INVESTMENT RENTALS that could garner ALMOST 2000 a month each leased(REAR HOME IS LEASED). Its location and set-up cater to an IDEAL AirBNB opportunity. METRA to HYDE PARK, McCormick Place, Museum Campus and downtown is a HALF BLOCK AWAY. The amazing Chicago LAKEFRONT, two golf courses and the new OBAMA LIBRARY are less than 2 miles. This can live like a single family with the "PERKS" of a two-flat. This IS what you've been looking for so set up your viewing today. VERY MOTIVATED SELLER SO BRING AN OFFER( Sold as/is)

Last Agent to Sell the Property

Timothy Miller

EXIT Strategy Realty License #475153080 Listed on: 12/09/2024

EXIT Strategy Realty

Last Buyer's Agent

Harry Ventimiglia

Keller Williams Preferred Rlty License #475116431

Keller Williams Preferred Rlty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,285

Year Renovated

  • 2024

Lot Details

  • 2,614

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 5 Bathrooms

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 25x124
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,285

Year Renovated

2024

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2024
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2024

Interior Features

  • Basement: Full
  • Total Bathrooms: 5
  • Total Bedrooms: 6
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Lot Info

  • Lot Dimensions: 25X124
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 3285
  • Tax Year: 2023

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 1 Story Unit/s,2 Story Unit/s,Coach House,Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2024
Closed on
Jan 17, 2025
Sold by
Alexander Mac Llc
Bought by
Rogers Oliver D
Seller's Agent
Timothy Miller
EXIT Strategy Realty
Buyer's Agent
Harry Ventimiglia
Keller Williams Preferred Rlty
List Price
$399,000
Sold Price
$410,000
Premium/Discount to List
$11,000
2.76%
Views
25
Current Estimated Value
$393,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,204
Avg. Annual Appreciation
-3.42%
Original Mortgage
$410,000
Outstanding Balance
$405,177
Interest Rate
5.75%
Mortgage Type
VA
Estimated Equity
-$11,381

Purchase Details

Closed on
Apr 18, 2024
Sold by
Simpson Khari E
Bought by
Alexander Mac Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,750
Interest Rate
6.88%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 19, 2017
Sold by
S & S General Contractors Co Inc
Bought by
Simpson Khari E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,500
Interest Rate
4.21%
Mortgage Type
Second Mortgage Made To Cover Down Payment

Purchase Details

Closed on
Nov 9, 2005
Sold by
Citibank Na
Bought by
S & S General Contractors Co Inc

Purchase Details

Closed on
Sep 28, 2005
Sold by
Madison Norma and Madison Norma J
Bought by
Citibank Na

Purchase Details

Closed on
May 31, 2003
Sold by
Madison Norma Jean
Bought by
Madison Norma Jean and Madison Cynthia

Purchase Details

Closed on
Nov 6, 1996
Sold by
Madison Cynthia and Madison Norma J
Bought by
Madison Norma J

Purchase Details

Closed on
May 17, 1996
Sold by
Madison Cynthia
Bought by
Madison Cynthia and Madison Norma J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
7.86%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 11, 1995
Sold by
Thigpen Glenesther
Bought by
Madison Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,300
Interest Rate
7.64%

Purchase Details

Closed on
Jan 24, 1995
Sold by
Thigpen Glenesther
Bought by
Madison Cynthia and Thigpen Glenesther
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rogers Oliver D $410,000 Fidelity National Title
Alexander Mac Llc $210,500 None Listed On Document
Simpson Khari E $171,000 Stewart Title
S & S General Contractors Co Inc $145,000 --
Citibank Na -- --
Madison Norma Jean -- --
Madison Norma J -- --
Madison Cynthia -- Nations Title Agency
Madison Cynthia -- --
Madison Cynthia -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rogers Oliver D $410,000
Previous Owner Alexander Mac Llc $282,750
Previous Owner Simpson Khari E $7,500
Previous Owner Madison Cynthia $84,000
Previous Owner Madison Cynthia $37,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2025 01/21/25 Sold $410,000 +2.8% $542 / Sq Ft
12/17/2024 12/17/24 Pending -- -- --
12/09/2024 12/09/24 For Sale $399,000 -- $528 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $3,382 $26,113 $1,962 $24,151
2024 $3,382 $26,113 $1,962 $24,151
2023 $3,285 $15,970 $3,270 $12,700
2022 $3,285 $15,970 $3,270 $12,700
2021 $3,211 $15,970 $3,270 $12,700
2020 $3,148 $14,132 $2,354 $11,778
2019 $3,155 $15,702 $2,354 $13,348
2018 $3,102 $15,702 $2,354 $13,348
2017 $4,304 $19,995 $2,092 $17,903
2016 $4,580 $22,865 $2,092 $20,773
2015 $4,190 $22,865 $2,092 $20,773
2014 $3,695 $19,915 $1,831 $18,084
2013 $3,622 $19,915 $1,831 $18,084
Source: Public Records

Agents Affiliated with this Home

  • Timothy Miller

    Seller's Agent in 2025

    Timothy Miller

    EXIT Strategy Realty

    8 in this area

    45 Total Sales

    Timothy Miller
    Section Image
  • Harry Ventimiglia

    Buyer's Agent in 2025

    Harry Ventimiglia

    Keller Williams Preferred Rlty

    (312) 485-1867

    1 in this area

    263 Total Sales

    Harry Ventimiglia
    Section Image
  • Jacqui Tracy

    Buyer Co-Listing Agent in 2025

    Jacqui Tracy

    Realty One Group Heartland

    (815) 260-1448

    1 in this area

    195 Total Sales

    Jacqui Tracy
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12223351

Midwest Real Estate Data (MRED)

APN: 20-25-100-025-0000

Illinois Cook County Chicago 60649 South Shore

7148 S Cornell Ave, Chicago, IL

Not Listed for Sale

MultiFamily

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) Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID

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