7229 S Exchange Ave Chicago, IL 60649
South Shore Neighborhood
3
Beds
2.5
Baths
3,000
Sq Ft
1,176
Sq Ft Lot
Highlights
- Rooftop Deck
- 2-minute walk to South Shore Station
- Fenced Yard
- Wood Flooring
- Formal Dining Room
- Balcony
About This Home
As of December 2024This is an AMAZING opportunity to secure over $60K in equity! This newer construction townhome offers 14 ft ceilings and 3,000 sq. ft. of luxury at an affordable price. Inside, you'll find Italian marble countertops, stainless steel appliances, and a spacious master suite. The home boasts two balconies and a rooftop with stunning views of the lake and downtown. Additional features include two garage parking spaces and central air and heat. This property is ideal for both owner-occupants and investors, with low property taxes and no HOA fees. It's also a fantastic option for Airbnb or VRBO rentals; the previous owner earned up to $5,700 per month through short-term rentals. The seller is willing to provide closing cost assistance based on the offer presented. Don't miss out on this incredible opportunity! Property has recently been painted and updated within the last 2 weeks!
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $2,057
Year Built
- Built in 2006 | Remodeled in 2022
Lot Details
- Fenced Yard
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Driveway
- Parking Included in Price
Home Design
- Brick Exterior Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,000 Sq Ft Home
- 3-Story Property
- Ceiling Fan
- Electric Fireplace
- Family Room
- Living Room with Fireplace
- Formal Dining Room
- Home Security System
Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Porcelain Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Soaking Tub
Laundry
- Laundry Room
- Laundry on upper level
Basement
- Partial Basement
- Crawl Space
Outdoor Features
- Balcony
- Rooftop Deck
Utilities
- Central Air
- Heating System Uses Natural Gas
- 150 Amp Service
Community Details
Pet Policy
- Pets up to 100 lbs
- Dogs and Cats Allowed
Security
- Carbon Monoxide Detectors
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 8, 2024
Closed on
Dec 9, 2024
Sold by
Opulux Holdings Llc
Bought by
Brown Shannell
Seller's Agent
Scott Berg
Berg Properties
Buyer's Agent
Frank Montro
Keller Williams Preferred Rlty
List Price
$315,000
Sold Price
$315,000
Views
52
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
$6,720
Avg. Annual Appreciation
2.93%
Original Mortgage
$321,772
Outstanding Balance
$319,800
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$1,920
Purchase Details
Listed on
May 6, 2022
Closed on
Sep 30, 2022
Sold by
Parfait Project Llc
Bought by
Opulux Holdings Llc
Seller's Agent
Ryan Smith
RE/MAX Premier
Buyer's Agent
Jeffrey Lang
BCI Realty
List Price
$99,900
Sold Price
$35,000
Premium/Discount to List
-$64,900
-64.96%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
162.14%
Original Mortgage
$190,030
Interest Rate
5.55%
Mortgage Type
FHA
Purchase Details
Listed on
May 6, 2022
Closed on
Aug 29, 2022
Sold by
Lh-Np-2015 Cayman Holdings 1 Ltd
Bought by
Parfait Project Llc
Seller's Agent
Ryan Smith
RE/MAX Premier
Buyer's Agent
Jeffrey Lang
BCI Realty
List Price
$99,900
Sold Price
$35,000
Premium/Discount to List
-$64,900
-64.96%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,030
Interest Rate
5.55%
Mortgage Type
FHA
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Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $315,000 | None Listed On Document | |
| Special Warranty Deed | $160,000 | None Listed On Document | |
| Special Warranty Deed | $35,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $321,772 | New Conventional | |
| Previous Owner | $190,030 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/12/2024 12/12/24 | Sold | $315,000 | 0.0% | $105 / Sq Ft |
| 10/26/2024 10/26/24 | Pending | -- | -- | -- |
| 10/08/2024 10/08/24 | For Sale | $315,000 | 0.0% | $105 / Sq Ft |
| 06/26/2024 06/26/24 | Rented | $2,900 | +11.5% | -- |
| 06/19/2024 06/19/24 | Under Contract | -- | -- | -- |
| 04/18/2024 04/18/24 | For Rent | $2,600 | 0.0% | -- |
| 09/02/2022 09/02/22 | Pending | -- | -- | -- |
| 09/02/2022 09/02/22 | For Sale | $99,900 | +185.4% | $33 / Sq Ft |
| 08/31/2022 08/31/22 | Sold | $35,000 | -- | $12 / 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 | $2,117 | $15,000 | $1,451 | $13,549 |
| 2023 | $2,057 | $10,000 | $1,451 | $8,549 |
| 2022 | $2,057 | $10,000 | $1,451 | $8,549 |
| 2021 | $2,011 | $9,999 | $1,451 | $8,548 |
| 2020 | $3,472 | $15,585 | $1,044 | $14,541 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Berg
Seller's Agent in 2024
Scott Berg
Berg Properties
(773) 960-2462
3 in this area
579 Total Sales
-
Colleen Berg
Seller's Agent in 2024
Colleen Berg
Berg Properties
(888) 276-9959
90 Total Sales
-
Frank Montro
Buyer's Agent in 2024
Frank Montro
Keller Williams Preferred Rlty
(708) 479-3300
28 in this area
1,090 Total Sales
-
N
Buyer's Agent in 2024
Non Member
NON MEMBER
-
Aaron Gaines
Buyer Co-Listing Agent in 2024
Aaron Gaines
Keller Williams Preferred Realty
(708) 479-3300
9 in this area
186 Total Sales
-
Ryan Smith
Seller's Agent in 2022
Ryan Smith
RE/MAX Premier
(312) 810-9680
16 in this area
797 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12183606
APN: 21-30-106-057-0000
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