NOT LISTED FOR SALE

7241 S Artesian Ave Chicago, IL 60629

Marquette Park Neighborhood

Estimated Value: $170,000 - $269,000

5 Beds
3 Baths
1,584 Sq Ft
$134/Sq Ft Est. Value

Last Sold September 28, 2018

Last sale price $134,500 $85 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,209/month

11 Days on Market

About This Home

As of September 2018

Very spacious, legal 2 unit with full, walkout basement. First unit has 2 beds 1 bath. Second unit 2 beds 1 bath. Basement has a garden apartment. Kitchens Replaced in 2016. Newer Baths & Windows. Newer 2 car garage. Property is close to public transportation, shopping, and restaurants.

Last Agent to Sell the Property

Lawrence Dolan

New Home Star of Chicago, LLC License #471016738 Listed on: 06/28/2018

Last Buyer's Agent

Ibis Lemus

Urbanitas Inc. License #475180947

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,734

Year Built

  • Built in 1906 | Remodeled in 2016

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 38 x 122
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Stone Foundation
  • Frame Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,734

Year Built

Built in 1906 | Remodeled in 2016

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1906
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2016
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Foundation Details: Stone
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.1
  • Lot Dimensions: 38 X 122
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 2734.02
  • Tax Year: 2017
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2018
Closed on
Sep 25, 2018
Sold by
Wiginton Jim and Wiginton Benji
Bought by
Hernandez Virginia Garcia
Seller's Agent
Lawrence Dolan
New Home Star of Chicago, LLC
Buyer's Agent
Ibis Lemus
Urbanitas Inc.
List Price
$129,900
Sold Price
$134,500
Premium/Discount to List
$4,600
3.54%
Current Estimated Value
$215,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,060
Avg. Annual Appreciation
6.49%
Original Mortgage
$132,063
Outstanding Balance
$116,067
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$96,213

Purchase Details

Closed on
Feb 8, 1996
Sold by
Innercity Home Foundation Inc
Bought by
Wiginton Jim and Wiginton Benji

Purchase Details

Closed on
Feb 7, 1996
Sold by
Will Feed Community Organiztion Inc
Bought by
Innercity Home Foundation Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hernandez Virginia Garcia $134,500 Greater Illinois Title
Wiginton Jim -- Intercounty Title
Innercity Home Foundation Inc -- Intercounty Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Virginia Garcia $132,063
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2018 09/28/18 Sold $134,500 +3.5% $85 / Sq Ft
07/09/2018 07/09/18 Pending -- -- --
06/28/2018 06/28/18 For Sale $129,900 -- $82 / 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 $994 $15,001 $2,288 $12,713
2024 $994 $15,001 $2,288 $12,713
2023 $1,655 $8,000 $3,660 $4,340
2022 $1,655 $8,000 $3,660 $4,340
2021 $1,609 $8,000 $3,660 $4,340
2020 $2,357 $10,510 $3,660 $6,850
2019 $2,361 $11,678 $3,660 $8,018
2018 $2,322 $11,678 $3,660 $8,018
2017 $2,734 $11,949 $3,202 $8,747
2016 $2,539 $11,949 $3,202 $8,747
2015 $2,330 $11,949 $3,202 $8,747
2014 $2,133 $10,780 $2,973 $7,807
2013 $2,094 $10,780 $2,973 $7,807
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Lawrence Dolan

    New Home Star of Chicago, LLC

    Section Image
  • Ibis Lemus

    Buyer's Agent in 2018

    Ibis Lemus

    Urbanitas Inc.

    (773) 316-5364

    14 Total Sales

    Ibis Lemus
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10001601

Midwest Real Estate Data (MRED)

APN: 19-25-215-014-0000

Illinois Cook County Chicago 60629 Marquette Park

7241 S Artesian Ave, Chicago, IL

Not Listed for Sale

MultiFamily

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