K
Seller's Agent in 2023
Kamla Hodges
Kamla Hodges
7216 S Emerald Ave Chicago, IL 60621
Englewood Neighborhood
5
Beds
2
Baths
--
Sq Ft
1920
Built
Highlights
- Property is near a park
- 2 Car Detached Garage
- Ceiling Fan
- Den
- Handicap Shower
- Paved or Partially Paved Lot
About This Home
As of March 2023INVESTOR'S DREAM! An architectural dream! Income producing property or when leases are over rehab and resell. Convert into two duplexes OR increase rents and enjoy the positive cash flow. Rate of return can be up to 40% depending on the finance options. This frame multifamily building is located in the Englewood area empowerment zone. The building is a fully occupied 2 flat property with hardwood floors, large living room and dining, a two car garage and a beautifully manicured outdoor space. The property has an unfinished basement therefore a new buyer could rehab/remodel the first floor and the basement creating a custom duplex or rehab/remodel the second floor unit and the attic creating a duplex. Consider adding a coin washer and dryer in the basement and renting the garage space if the renters. Unit #1 is a 2 bedroom plus the den can be used a study or an office. The renter in unit #1 pays $1250.00. The renter in Unit #2 pays $1040.00 for the 3 bedroom.
Last Agent to Sell the Property
Kamla Hodges
Kamla Hodges License #471015638 Listed on: 10/06/2022
Last Buyer's Agent
Kamla Hodges
Kamla Hodges License #471015638 Listed on: 10/06/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $704
Year Built
- Built in 1920
Lot Details
- Lot Dimensions are 40x125
- Paved or Partially Paved Lot
Parking
- 2 Car Detached Garage
- Parking Included in Price
Home Design
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- Ceiling Fan
- Den
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- 2 Bathrooms
Home Security
- Storm Screens
- Carbon Monoxide Detectors
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Handicap Shower
- Exterior Lighting
- Property is near a park
Community Details
Overview
- 2 Units
Building Details
- Water Sewer Expense $300
- Gross Income $2,300
- Net Operating Income $19,800
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/17/2023 03/17/23 | Sold | $145,000 | 0.0% | -- |
| 02/13/2023 02/13/23 | Pending | -- | -- | -- |
| 02/09/2023 02/09/23 | Price Changed | $145,000 | -6.5% | -- |
| 02/09/2023 02/09/23 | For Sale | $155,000 | 0.0% | -- |
| 01/19/2023 01/19/23 | Pending | -- | -- | -- |
| 01/15/2023 01/15/23 | Price Changed | $155,000 | -7.7% | -- |
| 11/06/2022 11/06/22 | Price Changed | $168,000 | -6.7% | -- |
| 10/06/2022 10/06/22 | For Sale | $180,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11646317
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