7148 S Cornell Ave Chicago, IL 60649
South Shore Neighborhood
6
Beds
5
Baths
756
Sq Ft
2,614
Sq Ft Lot
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
EXIT Strategy Realty License #475153080 Listed on: 12/09/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,285
Year Renovated
- 2024
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,744
Avg. Annual Appreciation
-28.88%
Original Mortgage
$410,000
Outstanding Balance
$407,401
Interest Rate
5.75%
Mortgage Type
VA
Estimated Equity
-$70,930
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
Similar Homes in Chicago, IL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $410,000 | Fidelity National Title | |
| Warranty Deed | $210,500 | None Listed On Document | |
| Special Warranty Deed | $171,000 | Stewart Title | |
| Special Warranty Deed | $145,000 | -- | |
| Legal Action Court Order | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Nations Title Agency | |
| Quit Claim Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $410,000 | VA | |
| Previous Owner | $282,750 | Construction | |
| Previous Owner | $7,500 | Second Mortgage Made To Cover Down Payment | |
| Previous Owner | $141,595 | Unknown | |
| Previous Owner | $126,000 | Unknown | |
| Previous Owner | $106,250 | Balloon | |
| Previous Owner | $84,000 | Balloon | |
| Previous Owner | $37,300 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 Compared to Growth
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 | $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
6 in this area
43 Total Sales
-
Harry Ventimiglia
Buyer's Agent in 2025
Harry Ventimiglia
Keller Williams Preferred Rlty
(312) 485-1867
1 in this area
261 Total Sales
-
Jacqui Tracy
Buyer Co-Listing Agent in 2025
Jacqui Tracy
Keller Williams Preferred Rlty
(815) 260-1448
1 in this area
193 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12223351
APN: 20-25-100-025-0000
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