Seller's Agent in 2025
Karmen Spears
POWER Realty Chicagoland,PLLC
(708) 466-9128
4 in this area
155 Total Sales
7316 S Lafayette Ave Chicago, IL 60621
Englewood Neighborhood
4
Beds
2.5
Baths
1,411
Sq Ft
1903
Built
Highlights
- Sitting Room
- Laundry Room
- Family Room
- Formal Dining Room
- Forced Air Heating System
- 2-minute walk to Memorial Park
About This Home
As of August 2025Exceptional Investment Opportunity: This incredibly spacious home offers endless potential-including the opportunity to convert it back into a multi-unit residence (buyer to verify zoning). Featuring four generously sized bedrooms with ample closet space, this property provides a flexible layout ready for your vision. The kitchen that includes a sun porch, can easily be opened up to create a more modern, flowing floor plan that connects seamlessly to the separate living and dining rooms. Each level includes a bathroom for added convenience. The second floor offers three large bedrooms and a versatile sitting area that could be transformed into a luxurious primary suite. The basement boasts a half bath, good ceiling height, and dedicated laundry and utility rooms. Outside, the expansive backyard is perfect for family enjoyment and leads to a two-car garage, which is in need of major repair. 2 newer furnaces (3 years old) ready for central air, one for the main level and another for the 2nd floor. This property is brimming with potential and awaits your personal touch. Sold As-Is.
Last Agent to Sell the Property
POWER Realty Chicagoland,PLLC License #471020930 Listed on: 06/02/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,477
Year Built
- Built in 1903
Lot Details
- Lot Dimensions are 25x125
Parking
- 2.5 Car Garage
Home Design
- Brick Exterior Construction
Interior Spaces
- 1,411 Sq Ft Home
- 1.5-Story Property
- Family Room
- Sitting Room
- Living Room
- Formal Dining Room
- Carpet
- Range
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
Basement
- Basement Fills Entire Space Under The House
- Finished Basement Bathroom
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 2, 2025
Closed on
Aug 22, 2025
Sold by
Grasp Properties Llc
Bought by
Morrison Hugh
Seller's Agent
Karmen Spears
POWER Realty Chicagoland,PLLC
Buyer's Agent
Reginald Patterson
eXp Realty
List Price
$150,000
Sold Price
$145,000
Premium/Discount to List
-$5,000
-3.33%
Views
80
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
98.71%
Original Mortgage
$140,650
Outstanding Balance
$140,650
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$10,449
Purchase Details
Closed on
Jun 24, 2010
Sold by
Secretary Of Housing & Urban Development
Bought by
Grasp Properties Llc
Purchase Details
Closed on
Apr 27, 2009
Sold by
Coleman Randolph M
Bought by
The Secretary Of Housing & Urban Develop
Purchase Details
Closed on
May 29, 2002
Sold by
Crockett Thelma Daniels
Bought by
Coleman Randolph M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,589
Interest Rate
6.87%
Mortgage Type
FHA
Purchase Details
Closed on
Mar 25, 1996
Sold by
Crockett Wilbert Michael
Bought by
Crockett Thelma Daniels
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 | $145,000 | First American Title | |
| Warranty Deed | -- | None Available | |
| Legal Action Court Order | -- | None Available | |
| Warranty Deed | $156,000 | 1St American Title | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $140,650 | New Conventional | |
| Previous Owner | $154,801 | FHA | |
| Previous Owner | $153,589 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | Sold | $145,000 | -3.3% | $103 / Sq Ft |
| 06/09/2025 06/09/25 | Pending | -- | -- | -- |
| 06/02/2025 06/02/25 | For Sale | $150,000 | -- | $106 / 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 | $1,477 | $6,100 | $1,324 | $4,776 |
| 2023 | $1,440 | $7,000 | $2,868 | $4,132 |
| 2022 | $1,440 | $7,000 | $2,868 | $4,132 |
| 2021 | $1,407 | $6,999 | $2,868 | $4,131 |
| 2020 | $1,605 | $7,204 | $3,309 | $3,895 |
| 2019 | $1,608 | $8,005 | $3,309 | $4,696 |
| 2018 | $1,581 | $8,005 | $3,309 | $4,696 |
| 2017 | $2,361 | $10,968 | $2,868 | $8,100 |
| 2016 | $2,197 | $10,968 | $2,868 | $8,100 |
| 2015 | $2,010 | $10,968 | $2,868 | $8,100 |
| 2014 | $1,812 | $9,764 | $2,647 | $7,117 |
| 2013 | $1,776 | $9,764 | $2,647 | $7,117 |
Source: Public Records
Agents Affiliated with this Home
-
Karmen Spears
-
Reginald Patterson
Buyer's Agent in 2025
Reginald Patterson
eXp Realty
(773) 606-6515
2 in this area
80 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12381662
APN: 20-28-221-030-0000
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