Seller's Agent in 2023
Cassandra Sneed
EXIT Strategy Realty
(312) 600-8924
5 in this area
56 Total Sales
7238 S South Shore Dr Chicago, IL 60649
South Shore Neighborhood
16
Beds
11
Baths
7,134
Sq Ft
9,100
Sq Ft Lot
Highlights
- 9,100 Sq Ft lot
- Forced Air Heating System
- 5-minute walk to Ashe Beach Park
About This Home
As of October 2023As is, where is We heard you were looking for inventory in the South Shore Area. Stop the Car and take a look at this Multi-Family Legacy Builder! Conveniently located in the epicenter of the Historic South Shore Community, within walking distance to the South Shore Golf Course, the Lake/Beach, and a quick bike ride to The Obama Presidential Center. This is the one you have been waiting for all year! The interior includes (3) Four Bedroom/3 Bath Units at Approximately 2,500 sq. ft. each. (1) Two Bedroom /1 Bath Unit with a 2 Bedroom/1 Bath Coach House over Brick 3 Car Garage. Did we mention the 5 additional outdoor parking spaces to maximize additional monthly rental income. Great Building for a future Condo Conversion if the new Buyer is willing to put in the necessary effort. One great asset: All Living rooms are facing Lake Michigan with an elegant east view and in the upper unit there is no obstruction to the Lake. Whether you are interested in Renting out all units (at market Rent) or staying onsite this is surely not a building that you want to pass up. The building has so many possibilities and with your time, creativity, and proper consultation (which we can provide) it can truly be your Legacy Builder. FYI: Initial showing will be for one unit (minimum) and upon an accepted offer a full tour will be provided! NOTE: Tenants are all M2M and the building has ONLY one vacant unit (4bed/3bath) and the Coach House is also occupied.
Last Agent to Sell the Property
EXIT Strategy Realty License #475179113 Listed on: 01/09/2023
Last Buyer's Agent
Naomi Scully
Keller Williams Preferred Realty License #475153948
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,826
Year Built
- Built in 1921
Lot Details
- 9,100 Sq Ft Lot
- Lot Dimensions are 50 x 183
Home Design
- Quadruplex
- Flat Roof Shape
- Brick Exterior Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 7,134 Sq Ft Home
- 4-Story Property
Bedrooms and Bathrooms
- 16 Bedrooms
- 11 Bathrooms
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
- 200+ Amp Service
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $1,200
- Fuel Expense $2,500
- Insurance Expense $2,500
- Maintenance Expense $8,500
- Other Expense $5,000
- Trash Expense $2,800
- Water Sewer Expense $6,000
- Operating Expense $28,500
- Gross Income $3,190
- Net Operating Income $9,780
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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/18/2023 10/18/23 | Sold | $555,000 | +0.9% | $78 / Sq Ft |
| 06/21/2023 06/21/23 | Pending | -- | -- | -- |
| 06/05/2023 06/05/23 | For Sale | $549,900 | 0.0% | $77 / Sq Ft |
| 05/24/2023 05/24/23 | Pending | -- | -- | -- |
| 05/16/2023 05/16/23 | For Sale | $549,900 | 0.0% | $77 / Sq Ft |
| 01/24/2023 01/24/23 | Pending | -- | -- | -- |
| 01/09/2023 01/09/23 | For Sale | $549,900 | -- | $77 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2023
Zeke Morris
Exit Strategy Realty / EMA Management
(630) 607-4387
2 in this area
16 Total Sales
-
N
Buyer's Agent in 2023
Naomi Scully
Keller Williams Preferred Realty
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11697543
APN: 21301070400000
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