NOT LISTED FOR SALE

7241 S Exchange Ave Chicago, IL 60649

South Shore Neighborhood

Estimated Value: $215,000 - $504,000

3 Beds
2.5 Baths
3,300 Sq Ft
$118/Sq Ft Est. Value

Sale Details

Date Sold: November 15, 2024

Last sale price $399,000 $121 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,521 / mo

31 Days on Market

Highlights

  • New Construction
  • 1-minute walk to South Shore Station
  • Community Lake
  • Rooftop Deck
  • Landscaped Professionally
  • Clubhouse

About This Home

As of November 2024

Welcome to the stunning new construction row home at the Elysian on Exchange! This exquisite middle unit features 3 spacious bedrooms, 2.1 luxurious baths, a versatile 3rd-floor family room, and a 2.5-car attached garage. Enjoy outdoor living at its finest with a private rooftop deck, a balcony off the kitchen, and an additional third outdoor space with a front balcony on the third floor. Inside, experience comfort with dual-zoned heating and air, and massive bedrooms that offer a peaceful retreat. Located just steps away from the South Shore Cultural Center, residents will enjoy access to a private golf course, tennis courts, beach, solarium, formal dining hall, and the Paul Robeson Theater. The surrounding park area includes a nature sanctuary, butterfly garden, a nine-hole golf course, beach, and open spaces perfect for picnics and leisurely walks. The Elysian on Exchange also benefits from strong community ties with cultural organizations like the Chicago Symphony Orchestra, Court Theatre, and South Shore Opera Company. This home is a rare opportunity to experience luxury living with the convenience of city life. Upgrades are available to further personalize your space-please inquire for more details. Don't miss out on the chance to own a piece of this vibrant and growing community! For a private showing, contact us today!

Last Agent to Sell the Property

Jennifer Bell

Fulton Grace Realty License #471019497 Listed on: 08/28/2024

Fulton Grace Realty

Co-Listed By

Richard Lomax

Fulton Grace Realty License #471019124

Last Buyer's Agent

Mimi Robinson

The Realty Shop LLC License #471020399

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,329

Year Built

  • Built in 2024 | New Construction

Lot Details

  • Lot Dimensions are 22x50
  • Landscaped Professionally
  • Paved or Partially Paved Lot

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Brick Driveway
  • Parking Included in Price

Home Design

  • Rowhouse Architecture
  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,300 Sq Ft Home
  • 3-Story Property
  • Vaulted Ceiling
  • Living Room
  • Family or Dining Combination
  • Recreation Room
  • Sump Pump

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Dual Sinks
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Balcony
  • Rooftop Deck

Utilities

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

Community Details

Recreation

  • Tennis Courts

Additional Features

  • Community Lake
  • Clubhouse

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,329

Year Built

Built in 2024 | New Construction

Lot Details

1,176 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 3 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Row House
  • New Construction: Yes
  • Property Sub-Type: 3 Stories
  • Year Built: 2024
  • Age: NEW Ready for Occupancy
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors, Second Floor Laundry
  • LivingArea: 3300
  • Other Equipment: TV-Cable, Sump Pump
  • Room Type: Recreation Room, Deck
  • Estimated Total Finished Sq Ft: 3300
  • Basement Description: None
  • Bathroom Amenities: Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ FamRm
  • Total Sq Ft: 3300
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Balcony, Deck, Roof Deck
  • Foundation Details: Concrete Perimeter
  • Lot Features: Landscaped
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Driveway: Brick
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: In Unit
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Clubhouse, Tennis Court(s), Lake, Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 22X50
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 2328.96
  • Tax Year: 2023
  • Tax Exemptions: None

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
Aug 28, 2024
Closed on
Nov 15, 2024
Sold by
Bought by
Seller's Agent
Jennifer Bell
Fulton Grace Realty
Buyer's Agent
Mimi Robinson
The Realty Shop LLC
List Price
$399,900
Sold Price
$399,000
Premium/Discount to List
-$900
-0.23%
Views
27
Current Estimated Value
$434,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,164
Avg. Annual Appreciation
-1.49%
Original Mortgage
$391,773
Interest Rate
0.0675%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 19, 2022
Sold by
Bought by

Purchase Details

Listed on
May 10, 2022
Closed on
Aug 29, 2022
Sold by
Bought by
Seller's Agent
Ryan Smith
RE/MAX Premier
Buyer's Agent
Jeffrey Lang
BCI Realty
List Price
$99,900
Sold Price
$94,170
Premium/Discount to List
-$5,730
-5.74%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.29%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
$399,000 Old Republic Title
$620,000 None Listed On Document
$94,500 None Listed On Document
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
Closed $391,773
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 Prior Sale
11/15/2024 11/15/24 Sold $399,000 -0.2% $121 / Sq Ft
09/28/2024 09/28/24 Pending -- -- --
08/28/2024 08/28/24 For Sale $399,900 +324.7% $121 / Sq Ft
08/30/2022 08/30/22 Sold $94,170 -5.7% $31 / Sq Ft View Prior Sale
07/18/2022 07/18/22 Pending -- -- --
05/10/2022 05/10/22 For Sale $99,900 -- $33 / Sq Ft
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 $2,117 $15,000 $1,449 $13,551
2024 $2,117 $2,804 $1,449 $1,355
2023 $2,057 $10,000 $1,449 $8,551
2022 $2,057 $10,000 $1,449 $8,551
2021 $2,011 $9,999 $1,448 $8,551
2020 $3,471 $15,583 $1,043 $14,540
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Bell

    Seller's Agent in 2024

    Jennifer Bell

    Fulton Grace

    (312) 714-2999

    6 in this area

    78 Total Sales

    Jennifer Bell
    Section Image
  • Richard Lomax

    Seller Co-Listing Agent in 2024

    Richard Lomax

    Fulton Grace

    (312) 451-8463

    5 in this area

    81 Total Sales

    Richard Lomax
    Section Image
  • Mimi Robinson

    Buyer's Agent in 2024

    Mimi Robinson

    The Realty Shop LLC

    (773) 439-0536

    2 in this area

    10 Total Sales

    Mimi Robinson
    Section Image
  • Ryan Smith

    Seller's Agent in 2022

    Ryan Smith

    RE/MAX Premier

    (312) 810-9680

    15 in this area

    762 Total Sales

    Ryan Smith
    Section Image

  • J

    Buyer's Agent in 2022

    Jeffrey Lang

    BCI Realty

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12150064

Midwest Real Estate Data (MRED)

APN: 21-30-106-063-0000

Illinois Cook County Chicago 60649 South Shore

7241 S Exchange Ave, Chicago, IL

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.

Midwest Real Estate Data (MRED) 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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