NOT LISTED FOR SALE

7355 S South Shore Dr Unit 507 Chicago, IL 60649

South Shore Neighborhood

Estimated Value: $65,000 - $77,000

1 Bed
1 Bath
750 Sq Ft
$316/mo HOA Fee

Last Sold October 16, 2023

Last sale price $70,000 $93 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $720/month

83 Days on Market

Highlights

  • Waterfront
  • Combination Dining and Living Room
  • Dogs and Cats Allowed
  • Patio
  • Laundry Facilities
  • 2-minute walk to Ashe Beach Park

About This Home

As of October 2023

Ready to move in, completely remodeled 5th floor, 1 bedroom, 1 bathroom unit in the heart of South Shore! This home offers brand new cabinets and microwave, ss appliances, granite countertops with breakfast bar area, laminate wood flooring trough the unit and ceramic tiles in the bathroom. Lake view from all of the windows, plenty of closet space including walk-in closet, coin laundry and exercise room in the building. Parking space $50/month and storage if available. Located just steps away from the lake, tenis courts, park and public transportation. Walking distance to the beach, conveniently close to Metra, the Museum of Science and Industry, South Shore Cultural Center and Obama Library. Low monthly assessment of $316.30 includes heat and water. OWNER-OCC ONLY.

Last Agent to Sell the Property

Monika Drwiega

RCI Realty LLC License #475199389 Listed on: 05/30/2023

Last Buyer's Agent

venetia johnson

Coldwell Banker Realty License #475144808

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $402

Year Built

  • Built in 1962 | Remodeled in 2023

Lot Details

  • 0.54

HOA Fees

  • $316 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 750 Sq Ft Home
  • Combination Dining and Living Room

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Parking

  • Uncovered Parking
  • On-Site Parking

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Radiator

Additional Features

  • Patio
  • Waterfront

Community Details

Overview

  • Association fees include heat, water
  • 47 Units
  • Board Of Directors Association, Phone Number (773) 234-2080
  • Southshore Subdivision
  • Property managed by 7355 South Shore Drive Condo Assn
  • 5-Story Property

Amenities

  • Laundry Facilities

Pet Policy

  • Pets up to 50 lbs
  • Limit on the number of pets
  • Pet Size Limit
  • Pet Deposit Required
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$402

Year Built

Built in 1962 | Remodeled in 2023

Lot Details

0

HOA Fees

$316 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Southshore
  • Year Built: 1962
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 5
  • Rehab Year: 2023
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5
  • Year Renovated: 2023

Interior Features

  • Appliances: Range, Microwave, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • LivingArea: 750
  • Room Type: No additional rooms
  • Stories Total: 5
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Other

Exterior Features

  • ExteriorFeatures: Patio
  • List Price: 70000
  • Waterfront: Yes
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Unit - 1
  • Heating: Radiator(s)
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Deposit Required, Dogs OK, Number Limit, Size Limit
  • Association Fee: 316
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee Frequency: Not Required
  • Management Company: 7355 South Shore Drive Condo Assn
  • Management Contact Name: Board of Directors
  • Management Phone: 773-234-2080
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: CONDO
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 50

Tax Info

  • Tax Annual Amount: 401.95
  • Tax Year: 2021

Multi Family

  • Units in Building: 47

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2023
Closed on
Sep 21, 2023
Sold by
Drwiega Properties Llc
Bought by
Booker Le Monte G and Booker Hyacinth R
Seller's Agent
Monika Drwiega
RCI Realty LLC
Buyer's Agent
venetia johnson
Coldwell Banker Realty
List Price
$74,900
Sold Price
$70,000
Premium/Discount to List
-$4,900
-6.54%
Views
142
Current Estimated Value
$66,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,033
Avg. Annual Appreciation
-3.45%

Purchase Details

Closed on
Nov 10, 2022
Sold by
First National Acquisitions Llc
Bought by
Drwiega Properties Llc

Purchase Details

Closed on
Apr 6, 2022
Sold by
Yarbrough Karen A
Bought by
Not Given

Purchase Details

Closed on
Feb 4, 2015
Sold by
Xez Inc
Bought by
Ori Patrick Mwangi King

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,920
Interest Rate
3.73%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 29, 2014
Sold by
Scott Steve N
Bought by
Xez Inc

Purchase Details

Closed on
May 12, 2010
Sold by
Xez Inc
Bought by
Scott Steve N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,917
Interest Rate
5.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 27, 2006
Sold by
Barton Larry
Bought by
Xez Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500
Interest Rate
6.48%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 9, 2004
Sold by
Barton Larry and Barton Trina
Bought by
Jackson Ernest

Purchase Details

Closed on
Sep 20, 2000
Sold by
Barton Larry J
Bought by
Barton Larry J and Creed Shirley J

Purchase Details

Closed on
May 30, 2000
Sold by
Hayes Ronald R
Bought by
Barton Larry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
12.92%
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Booker Le Monte G $70,000 Chicago Title Company
Drwiega Properties Llc -- None Listed On Document
Not Given -- None Listed On Document
Ori Patrick Mwangi King $40,000 None Available
Xez Inc -- None Available
Scott Steve N $41,000 None Available
Xez Inc $60,500 None Available
Jackson Ernest -- --
Barton Larry J -- --
Barton Larry $30,000 Professional National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ori Patrick Mwangi King $35,920
Previous Owner Scott Steve N $37,917
Previous Owner Xez Inc $5,000,000
Previous Owner Xez Inc $2,500
Previous Owner Barton Larry $24,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2023 10/16/23 Sold $70,000 0.0% $93 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
08/07/2023 08/07/23 Price Changed $70,000 -6.5% $93 / Sq Ft
07/14/2023 07/14/23 For Sale $74,900 0.0% $100 / Sq Ft
06/07/2023 06/07/23 Pending -- -- --
05/30/2023 05/30/23 For Sale $74,900 -- $100 / 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
2024 $423 $4,706 $385 $4,321
2023 $411 $2,000 $641 $1,359
2022 $411 $2,000 $641 $1,359
2021 $402 $1,999 $640 $1,359
2020 $863 $3,872 $461 $3,411
2019 $861 $4,287 $461 $3,826
2018 $847 $4,287 $461 $3,826
2017 $840 $3,902 $410 $3,492
2016 $782 $3,902 $410 $3,492
2015 $715 $3,902 $410 $3,492
2014 $709 $3,820 $346 $3,474
2013 $914 $5,026 $346 $4,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11794692

Midwest Real Estate Data (MRED)

APN: 21-30-114-028-1044