NOT LISTED FOR SALE

7531 N Octavia Ave Chicago, IL 60631

Edison Park Neighborhood

Estimated Value: $408,000 - $513,000

3 Beds
2 Baths
1,069 Sq Ft
$439/Sq Ft Est. Value

Last Sold July 28, 2021

Last sale price $398,000 $372 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,047/month

84 Days on Market

Highlights

  • Wood Flooring
  • 2.5 Car Detached Garage
  • 1-Story Property
  • Lower Floor Utility Room
  • Patio
  • Forced Air Heating and Cooling System

About This Home

As of July 2021

Hidden gem that illuminates Edison Park. Renovated, mid-century modern, cozy 3-bedroom, 2 full-bath home. Beautiful hardwood floors and all new windows. Newly renovated basement perfect for entertainment, with an office space, second kitchen, large laundry room and a new water heater. Lots of storage space. Escape to your spacious backyard oasis with a new concrete patio area. Amazing curb appeal, and a large oversized two-car garage. Top tier schools!

Last Agent to Sell the Property

Suzana Tesla

Enterprise Realty Brokers Inc License #471022893 Listed on: 03/11/2021

Co-Listed By

Dan Cuckovic

Enterprise Realty Brokers Inc License #471006932

Last Buyer's Agent

Alicia Gonzalez

Homeland Realty, Inc. License #475148541

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,526

Year Built

  • Built in 1957 | Remodeled in 2015

Lot Details

  • 3,746 Sq Ft Lot
  • Lot Dimensions are 30x125

Parking

  • 2.5 Car Detached Garage
  • Off Alley Driveway
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,069 Sq Ft Home
  • 1-Story Property
  • Combination Kitchen and Dining Room
  • Lower Floor Utility Room
  • Wood Flooring
  • Storm Screens

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,526

Year Built

Built in 1957 | Remodeled in 2015

Lot Details

3,746 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1957
  • 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
  • Rehab Year: 2015
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2015

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Hardwood Floors
  • LivingArea: 1069
  • Room Type: Utility Room-Lower Level, Kitchen, Pantry
  • Estimated Total Finished Sq Ft: 2138
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Kitchen/Dining Combo
  • Total Sq Ft: 2138

Exterior Features

  • ExteriorFeatures: Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Lot Features: Sidewalks, Streetlights
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2.5
  • Number of Cars: 2.5
  • Driveway: Off Alley
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Forced Air
  • Laundry Features: Gas Dryer Hookup, In Unit
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.086
  • Lot Dimensions: 30X125
  • 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: 5525.64
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2021
Closed on
Jul 28, 2021
Sold by
Vlajnic Petar and Vlajnic Anka
Bought by
Sanchez Jose A
Seller's Agent
Suzana Tesla
Enterprise Realty Brokers Inc
Buyer's Agent
Alicia Gonzalez
Homeland Realty, Inc.
List Price
$415,000
Sold Price
$398,000
Premium/Discount to List
-$17,000
-4.1%
Current Estimated Value
$469,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,112
Avg. Annual Appreciation
3.60%
Original Mortgage
$386,141
Outstanding Balance
$351,998
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$117,114

Purchase Details

Closed on
Jun 4, 2020
Sold by
Vlajnic Zeljko and Vlajnic Marija
Bought by
Vlajnic Petar and Vlajnic Anka

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,800
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2005
Sold by
Connolly Kevin and Connolly Dawn
Bought by
Vlajnic Zeljko and Vlajnic Petar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,600
Interest Rate
5.64%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Sanchez Jose A $398,000 Chicago Title
Vlajnic Petar -- Saturn Title Llc
Vlajnic Zeljko $362,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Jose A $386,141
Previous Owner Vlajnic Petar $216,800
Previous Owner Vlajnic Zeljko $289,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2021 07/28/21 Sold $398,000 0.0% $372 / Sq Ft
06/10/2021 06/10/21 Off Market $398,000 -- --
06/02/2021 06/02/21 Pending -- -- --
05/20/2021 05/20/21 Price Changed $399,000 -2.0% $373 / Sq Ft
05/07/2021 05/07/21 Price Changed $407,000 -1.9% $381 / Sq Ft
04/13/2021 04/13/21 For Sale $415,000 0.0% $388 / Sq Ft
03/26/2021 03/26/21 Pending -- -- --
03/24/2021 03/24/21 Price Changed $415,000 -2.8% $388 / Sq Ft
03/10/2021 03/10/21 For Sale $426,900 -- $399 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $6,963 $34,000 $9,375 $24,625
2024 $6,963 $34,000 $9,375 $24,625
2023 $6,788 $33,000 $7,500 $25,500
2022 $6,788 $33,000 $7,500 $25,500
2021 $5,966 $33,000 $7,500 $25,500
2020 $5,285 $26,827 $5,062 $21,765
2019 $5,526 $30,932 $5,062 $25,870
2018 $5,955 $33,582 $5,062 $28,520
2017 $4,913 $26,200 $4,500 $21,700
2016 $4,747 $26,200 $4,500 $21,700
2015 $4,320 $26,200 $4,500 $21,700
2014 $3,989 $24,070 $3,750 $20,320
2013 $3,900 $24,070 $3,750 $20,320
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Suzana Tesla

    Enterprise Realty Brokers Inc

    (773) 999-9679

    1 in this area

    31 Total Sales

    Suzana Tesla
    Section Image
  • Dan Cuckovic

    Seller Co-Listing Agent in 2021

    Dan Cuckovic

    Enterprise Realty Brokers Inc

    (708) 955-7950

    1 in this area

    66 Total Sales

    Dan Cuckovic
    Section Image

  • A

    Buyer's Agent in 2021

    Alicia Gonzalez

    Homeland Realty, Inc.

    (708) 466-9436

    1 in this area

    37 Total Sales

    Alicia Gonzalez
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11017207

Midwest Real Estate Data (MRED)

APN: 09-25-406-014-0000

Illinois Cook County Chicago 60631 Edison Park

7531 N Octavia Ave, Chicago, IL

Not Listed for Sale

Detached

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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.
Based on information submitted to the MLS GRID

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