Maria Ortiz
Kale Realty
(708) 726-3036
65 Total Sales
2 in South Shore
$290K - $615K Price Range
7550 S Kingston Ave Chicago, IL 60649
South Shore Neighborhood
34
Beds
29
Baths
--
Sq Ft
1920
Built
About This Home
As of December 2023This Beautiful 17 units features (3) 3bed 2bath Units (9) 2bed 2bath Units (3) 2bed 1bath Units (1) 1bed 1bath (1) Studio with 1bath apartment. The first 12 units are abnormally large with living room, dining room, plenty of closet space and a separate kitchen. Based on completion numbers, the property should generate $23,050/mo after renovation. Thats $276,600 per year. If you put in individual furnaces & individual hot water tanks, conservatively, you would have a back end value of $2.3 million with a cap rate of 9%. Property needs full gut renovation with plans and permits to be city compliant. Numbers are ProForma. Court case present, plans and permits required.
Last Agent to Sell the Property
Blue Door Dave Inc License #471020400 Listed on: 07/05/2023
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,512
Year Built
- Built in 1920
Home Design
- Brick Exterior Construction
Interior Spaces
- 3-Story Property
- Storage Room
- Unfinished Basement
- Exterior Basement Entry
Bedrooms and Bathrooms
- 34 Bedrooms
- 29 Bathrooms
Additional Features
- Lot Dimensions are 100 x 125
- Heating System Uses Steam
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 17 Units
Building Details
- Electric Expense $1,200
- Insurance Expense $10,000
- Maintenance Expense $5,000
- Manager Expense $13,830
- Trash Expense $3,000
- Water Sewer Expense $6,000
- Operating Expense $65,542
- Gross Income $276,600
- Net Operating Income $211,058
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
Jul 5, 2023
Closed on
Nov 27, 2023
Sold by
Ghanadon Enterprises Corporation
Bought by
Seller's Agent
David Thomas
Blue Door Dave Inc
Buyer's Agent
David Thomas
Blue Door Dave Inc
List Price
$500,000
Sold Price
$450,000
Premium/Discount to List
-$50,000
-10%
Views
71
Purchase Details
Closed on
Sep 12, 2022
Sold by
Epg Chicago Jv Iv Llc
Bought by
Ghanadon Enterprises Corporation
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,190,000
Interest Rate
4.99%
Mortgage Type
Construction
Purchase Details
Closed on
Jul 12, 2022
Sold by
7550 S Kingston Ave Llc
Bought by
Epg Chicago Jv Iv Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
5.7%
Mortgage Type
Construction
Purchase Details
Closed on
Aug 9, 2021
Sold by
Ybarra Yolanda and Cntrst Debt Recovery Corp
Bought by
7550 Kingston Llc
Purchase Details
Closed on
Apr 30, 2014
Sold by
Chicago Title Land Trust Company
Bought by
7550 S Kingston Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.34%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Shore, IL
-
Maria Ortiz
-
Richard Lomax
Richard Lomax
Fulton Grace Realty
(312) 376-3268
81 Total Sales
5 in South Shore
$147K - $475K Price Range
-
Otis Lazich
Otis Lazich
Capital Investment Realty Group Inc
(630) 895-7685
170 Total Sales
1 in South Shore
$238,000 Price
-
Pawel Czauderna
Pawel Czauderna
Leader Realty, Inc.
(224) 765-0998
118 Total Sales
1 in South Shore
$255,000 Price
-
Valerie Wright
Valerie Wright
RE/MAX Premier
(855) 798-0256
23 Total Sales
3 in South Shore
$45K - $85K Price Range
-
Portia Hawkins
Portia Hawkins
Phenomenal Properties Inc
(877) 629-2857
30 Total Sales
7 in South Shore
$55K - $480K Price Range
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 |
|---|---|---|---|
| $450,000 | Fidelity National Title | ||
| Ghanadon Enterprises Corporation | $450,000 | None Listed On Document | |
| Epg Chicago Jv Iv Llc | $355,000 | Stewart Title Company | |
| 7550 Kingston Llc | $1,000 | Stewart Title Company | |
| 7550 S Kingston Llc | -- | Chicago Title Land Trust Co |
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 |
|---|---|---|---|
| Previous Owner | $1,190,000 | ||
| Previous Owner | Epg Chicago Jv Iv Llc | $365,000 | |
| Previous Owner | 7550 S Kingston Llc | $150,000 |
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 |
|---|---|---|---|---|
| 12/01/2023 12/01/23 | Sold | $450,000 | -10.0% | -- |
| 10/31/2023 10/31/23 | Pending | -- | -- | -- |
| 07/05/2023 07/05/23 | For Sale | $500,000 | -- | -- |
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 | $29,908 | $148,400 | $14,580 | $133,820 |
| 2024 | $21,599 | $148,400 | $14,580 | $133,820 |
| 2023 | $20,981 | $102,007 | $12,830 | $89,177 |
| 2022 | $20,981 | $102,007 | $12,830 | $89,177 |
| 2021 | $20,512 | $102,006 | $12,830 | $89,176 |
| 2020 | $19,864 | $89,168 | $12,830 | $76,338 |
| 2019 | $25,133 | $125,092 | $12,830 | $112,262 |
| 2018 | $24,710 | $125,092 | $12,830 | $112,262 |
| 2017 | $20,108 | $93,408 | $10,497 | $82,911 |
| 2016 | $18,709 | $93,408 | $10,497 | $82,911 |
| 2015 | $17,117 | $93,408 | $10,497 | $82,911 |
| 2014 | $13,986 | $75,380 | $8,748 | $66,632 |
| 2013 | $13,710 | $75,380 | $8,748 | $66,632 |
Source: Public Records
Agents Affiliated with this Home
-
David Thomas
Seller's Agent in 2023
David Thomas
Blue Door Dave Inc
(773) 301-7966
8 in this area
132 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11822872
APN: 21303020160000
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.
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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