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 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
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
Lot Details
- Lot Dimensions are 40x125
- Paved or Partially Paved Lot
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Handicap Shower
- Exterior Lighting
- Property is near park
Community Details
Overview
- 2 Units
Building Details
- Water Sewer Expense $300
- Gross Income $2,300
- Net Operating Income $19,800
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 6, 2022
Closed on
Mar 10, 2023
Sold by
Bought by
Seller's Agent
Kamla Hodges
Kamla Hodges
Buyer's Agent
Kamla Hodges
Kamla Hodges
List Price
$155,000
Sold Price
$145,000
Premium/Discount to List
-$10,000
-6.45%
Views
3
Purchase Details
Closed on
Dec 28, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.05%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 20, 2008
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $145,000 | Chicago Title | ||
| -- | -- | ||
| -- | None Available |
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 |
|---|---|---|---|
| Open | $138,000 | ||
| Previous Owner | $75,000 |
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 |
|---|---|---|---|---|
| 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
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 | $738 | $19,000 | $1,744 | $17,256 |
| 2024 | $738 | $19,000 | $1,744 | $17,256 |
| 2023 | $720 | $3,500 | $2,040 | $1,460 |
| 2022 | $720 | $3,500 | $2,040 | $1,460 |
| 2021 | $704 | $3,500 | $2,040 | $1,460 |
| 2020 | $1,838 | $8,252 | $4,359 | $3,893 |
| 2019 | $1,884 | $9,378 | $4,359 | $5,019 |
| 2018 | $1,852 | $9,378 | $4,359 | $5,019 |
| 2017 | $2,326 | $10,803 | $3,777 | $7,026 |
| 2016 | $2,164 | $10,803 | $3,777 | $7,026 |
| 2015 | $1,980 | $10,803 | $3,777 | $7,026 |
| 2014 | $2,285 | $12,314 | $3,487 | $8,827 |
| 2013 | $2,240 | $12,314 | $3,487 | $8,827 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11646317
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
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