NOT LISTED FOR SALE

7408 S May St Chicago, IL 60621

Englewood Neighborhood

Estimated Value: $78,000 - $107,189

3 Beds
1 Bath
1,200 Sq Ft
$77/Sq Ft Est. Value

Last Sold May 04, 2016

Last sale price $15,000 $12 Per Sq Ft

Est. 514% increase in value since last sale

Current estimated payment $555/month

44 Days on Market

About This Home

As of May 2016

REO - BANK-OWNED! PERFECT INVESTMENT PROPERTY IS LOCATED IN AN UPCOMING AREA. TWO FLOORS OF FINISHED LIVING SPACE AND A FULL UNFINISHED BASEMENT FOR THOSE GREAT EXPANSION IDEAS. PROPERTY WILL SELL AS-IS CONDITION. NO SURVEY OR SELLER-PAID INSPECTIONS. 100% TAX PRORATIONS. CURRENTLY OCCUPIED WITH GREAT TENANTS.

Last Agent to Sell the Property

The Galarza Team

Century 21 New Beginnings License #475113749 Listed on: 02/09/2016

Century 21 New Beginnings

Last Buyer's Agent

Edrick Salomon

Select a Fee RE System License #475138651

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $781

Year Built

  • 1903

Lot Details

  • 3,136

Parking

  • Detached Garage
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Frame Construction

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Gas
  • Lake Michigan Water

Home Details

Home Type

Single Family

Est. Annual Taxes

$781

Year Built

1903

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 100+ Years
  • Full Bathrooms: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1
  • Type Detached: Raised Ranch
  • Estimated Year Built: 1903
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1903

Interior Features

  • Number Of Rooms: 6
  • Living Room: Dimensions: 11X13, On Level: Main Level
  • Attic: Finished
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 8X10, On Level: Basement
  • Dining Room: Dimensions: 12X12, On Level: Main Level
  • Kitchen Type: Dimensions: 12X14, On Level: Main Level
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 11X9, On Level: Main Level
  • Bedroom 2: Dimensions: 10X9, On Level: Main Level
  • Bedroom 3: Dimensions: 13X14, On Level: 2nd Level
  • Estimated Sq Ft: 1200

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Frame

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Water: Lake Michigan
  • Sewer: Sewer-Storm
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Special Assessments: U

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 25X125
  • Parcel Identification Number: 20292240210000

Tax Info

  • Taxes: 1445

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2016
Closed on
May 3, 2016
Sold by
Cbe Holdings Llc
Bought by
Simon Ronnie
Seller's Agent
The Galarza Team
Century 21 New Beginnings
Buyer's Agent
Edrick Salomon
Select a Fee RE System
List Price
$15,900
Sold Price
$15,000
Premium/Discount to List
-$900
-5.66%
Current Estimated Value
$92,047

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,047
Avg. Annual Appreciation
23.84%

Purchase Details

Closed on
Jul 29, 2015
Sold by
Citi Investment Group Incorporated
Bought by
Cbe Holdings Llc

Purchase Details

Closed on
Nov 21, 2008
Sold by
Deutsche Bank National Trust Company
Bought by
Citi Investment Group Inc

Purchase Details

Closed on
Jul 24, 2008
Sold by
James
Bought by
Deutsche Bank National Trust Co and Citigroup Mortgage Loan Trust Inc Asset

Purchase Details

Closed on
Jun 30, 2004
Sold by
Thai Alternative Initiative Inc
Bought by
James Sonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
8.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 11, 2003
Sold by
Brooks Ollie M
Bought by
Thai Alternative Initiative Inc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Simon Ronnie $15,000 None Available
Cbe Holdings Llc -- Attorney
Citi Investment Group Inc $10,000 First American Title
Deutsche Bank National Trust Co -- None Available
James Sonia $65,000 Stewart Title Of Illinois
Thai Alternative Initiative Inc $30,000 Stewart Title Of Illinois
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Citi Investment Group Inc $66,500
Previous Owner James Sonia $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2016 05/04/16 Sold $15,000 -5.7% $13 / Sq Ft
03/24/2016 03/24/16 Pending -- -- --
02/22/2016 02/22/16 For Sale $15,900 0.0% $13 / Sq Ft
02/22/2016 02/22/16 Pending -- -- --
02/09/2016 02/09/16 For Sale $15,900 -- $13 / 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 $781 $4,301 $938 $3,363
2023 $761 $3,700 $2,031 $1,669
2022 $761 $3,700 $2,031 $1,669
2021 $744 $3,700 $2,031 $1,669
2020 $1,269 $5,697 $2,343 $3,354
2019 $1,272 $6,331 $2,343 $3,988
2018 $1,251 $6,331 $2,343 $3,988
2017 $1,782 $8,278 $2,031 $6,247
2016 $1,658 $8,278 $2,031 $6,247
2015 $1,517 $8,278 $2,031 $6,247
2014 $1,446 $7,791 $1,875 $5,916
2013 $1,417 $7,791 $1,875 $5,916
Source: Public Records

Agents Affiliated with this Home

  • The Galarza Team

    Seller's Agent in 2016

    The Galarza Team

    Century 21 New Beginnings

    (773) 245-3445

    23 in this area

    531 Total Sales

    The Galarza Team
    Section Image

  • E

    Buyer's Agent in 2016

    Edrick Salomon

    Select a Fee RE System

    (312) 421-1000

    13 in this area

    203 Total Sales

    Edrick Salomon
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09135042

Midwest Real Estate Data (MRED)

APN: 20-29-224-021-0000

Illinois Cook County Chicago 60621 Englewood

7408 S May St, Chicago, IL

This home is located at 7408 S May St, Chicago, IL 60621 since 09 February 2016 and is currently estimated at $92,047, approximately $76 per square foot. This property was built in 1903. 7408 S May St is a home located in Cook County with nearby schools including Stagg Elementary School, Bogan Computer Technical High School, and St Sabina Academy.

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) Based on information submitted to the MLS GRID. 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.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes