NOT LISTED FOR SALE
9 Beds
7 Baths
5,202 Sq Ft
7,841 Sq Ft Lot

Last Sold June 29, 2023

Last sale price $567,000 $109 Per Sq Ft

9 Days on Market

Highlights

  • Multiple Garages
  • 3-minute walk to South Shore Station
  • Community Lake
  • Gated Community
  • Brownstone
  • Deck

About This Home

As of June 2023

Welcome to 7228 S Coles Ave, a stunning 3-unit building in the heart of Chicago's South Shore neighborhood! This beautiful property offers three spacious units and a finished basement. The two top units offer 3 to 4 bedrooms 2 bathrooms, and the first-floor unit offers 2 bedrooms and 2 bathrooms. Each unit boasts an updated kitchen and baths with a cozy fireplace, perfect for enjoying on a romantic evening. The living and dining rooms are spacious and well-lit, offering ample space for entertaining guests or simply relaxing with family. The English basement is finished with an additional bedroom and bathroom, making it an ideal in-law suite or guest quarters. Parking will never be an issue with a side driveway leading to a 4-car garage. The property is beautifully landscaped, providing a peaceful and serene environment to relax and enjoy the outdoors. The South Shore neighborhood offers a wealth of amenities, including easy access to public transportation, restaurants, shopping, and entertainment. Just a short distance from Lake Michigan, residents can enjoy beautiful beaches, parks, and outdoor recreation opportunities. Additionally, the Obama Library is within close proximity coupled with South Shore Cultural Center and Jackson Park Golf Course which offer a variety of activities and events throughout the year. Whether you are looking for a place to call home or an investment opportunity, this beautiful property on 7228 S Coles Ave is sure to impress. Don't miss out on the chance to make this stunning property your own! Showings begin 4/22-23/2023 between 10:00am-12:00pm (PRE-QUALIFIED INDIVIDUAL ONLY) HIGHEST & BEST BY MONDAY 4/24/2023 BY NOON.......THANKS FOR YOUR PROFESSIONALISM!

Last Agent to Sell the Property

Sybil Martin

Coldwell Banker Realty License #471008659 Listed on: 04/16/2023

Coldwell Banker Realty

Co-Listed By

Paulette Edwards

Coldwell Banker Realty License #471011238

Last Buyer's Agent

Carlas Gilbert

Prince Realty Group LLC License #471018028

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,699

Year Built

  • Built in 1912

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 42x191x42x192
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

  • 4 Car Detached Garage
  • Multiple Garages
  • Parking Included in Price

Home Design

  • Brownstone
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Entrance Foyer
  • Finished Basement
  • English Basement

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 7 Bathrooms

Home Security

  • Intercom
  • Storm Screens

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Location

  • Property is near park

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available

Community Details

Overview

  • 3 Units
  • 3 Flat
  • Community Lake

Building Details

  • Electric Expense $2,175
  • Fuel Expense $4,000
  • Insurance Expense $2,363
  • Gross Income $64,800
  • Net Operating Income $50,032

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,699

Year Built

Built in 1912

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Brownstone
  • New Construction: No
  • Year Built: 1912
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Historical District
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: English
  • Total Bathrooms: 7
  • Total Bedrooms: 9
  • Other Equipment: Intercom
  • Room Type: Enclosed Porch, Foyer
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Deck, Porch, Storms/Screens, Cable Access
  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 4
  • Number of Cars: 4
  • Garage Details: Multiple Garages
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Park, Lake, Curbs, Gated, Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.18
  • Lot Dimensions: 42X191X42X192
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 50032
  • Fuel Expense: 4000
  • Insurance Expense: 2363
  • ElectricExpense: 2175
  • GrossIncome: 64800
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 4699
  • Tax Year: 2021
  • Tax Exemptions: None
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2023 06/29/23 Sold $567,000 +9.0% $109 / Sq Ft
04/26/2023 04/26/23 Pending -- -- --
04/16/2023 04/16/23 For Sale $520,000 -- $100 / 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
2025 $4,380 $50,901 $6,017 $44,884
2024 $4,380 $50,901 $6,017 $44,884
2023 $4,233 $24,001 $10,028 $13,973
2022 $4,233 $24,001 $10,028 $13,973
2021 $4,156 $23,999 $10,027 $13,972
2020 $4,770 $24,515 $7,219 $17,296
2019 $4,908 $27,859 $7,219 $20,640
2018 $5,503 $27,859 $7,219 $20,640
2017 $4,699 $25,203 $6,417 $18,786
2016 $4,548 $25,203 $6,417 $18,786
2015 $4,138 $25,203 $6,417 $18,786
2014 $4,399 $26,278 $5,615 $20,663
2013 $4,301 $26,278 $5,615 $20,663
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11760459

Midwest Real Estate Data (MRED)

APN: 21301060250000