NOT LISTED FOR SALE

7640 S Luella Ave Chicago, IL 60649

South Shore Neighborhood

Estimated Value: $217,000 - $265,000

4 Beds
2 Baths
1,950 Sq Ft
$128/Sq Ft Est. Value

Last Sold May 03, 2024

Last sale price $240,000 $123 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,549/month

88 Days on Market

Highlights

  • Bonus Room
  • 2 Car Detached Garage
  • Central Air

About This Home

As of May 2024

Discover the charm of this East South Shore residence! A 4-bed, 2-bath haven with a bonus room in the finished basement, this home underwent a 2019 renovation. Revel in modern comforts, including a new roof, upgraded plumbing, electrical, and AC. The cozy backyard is an ideal space for gatherings and relaxation. Just minutes from Lake Shore Drive, and in close proximity to dining, parks, and the new Obama Library. Perfect for commuters with easy access to major routes. Seize the opportunity! Schedule your showing today to envision the lifestyle this home offers. ***Ask me about our forgivable grants up to $10,000 coupled with below market rates and discounted mortgage insurance***

Last Agent to Sell the Property

Crystal Burgos

Pioneer Realty Group LLC License #475191289 Listed on: 10/29/2023

Last Buyer's Agent

Jaime Ashley Campos

RE/MAX LOYALTY License #475157922

RE/MAX LOYALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,732

Year Built

  • Built in 1916 | Remodeled in 2019

Lot Details

  • 3,920

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,950 Sq Ft Home
  • 1.5-Story Property
  • Bonus Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Full Bathrooms

Finished Basement

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,732

Year Built

Built in 1916 | Remodeled in 2019

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1.5 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1.5 Story
  • Year Built: 1916
  • Age: 100+ 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: 2019
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2019

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • LivingArea: 1950
  • Room Type: Bonus Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 240000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 3922
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 2732.47
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2023
Closed on
Apr 29, 2024
Sold by
Choctaw American Insurance Inc
Bought by
Garcia Hugo Avelar and Yanez Hugo Ivan
Seller's Agent
Crystal Burgos
Pioneer Realty Group LLC
Buyer's Agent
Jaime Ashley Campos
RE/MAX LOYALTY
List Price
$240,000
Sold Price
$240,000
Views
104
Current Estimated Value
$248,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,660
Avg. Annual Appreciation
-1.09%
Original Mortgage
$235,653
Outstanding Balance
$232,912
Interest Rate
7.5%
Mortgage Type
FHA
Estimated Equity
$3,641

Purchase Details

Listed on
Oct 29, 2023
Closed on
Apr 16, 2024
Sold by
Quijada Jonathan
Bought by
Choctaw American Insurance Inc
Seller's Agent
Crystal Burgos
Pioneer Realty Group LLC
Buyer's Agent
Jaime Ashley Campos
RE/MAX LOYALTY
List Price
$240,000
Sold Price
$240,000
Views
104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,653
Outstanding Balance
$232,912
Interest Rate
7.5%
Mortgage Type
FHA
Estimated Equity
$3,641

Purchase Details

Listed on
Mar 16, 2018
Closed on
Jun 11, 2018
Sold by
Lendinghome Marketplace Llc
Bought by
Quijada Jonathan
Seller's Agent
Mark Alleman
Alleman & Alleman Realty
Buyer's Agent
Tiffany Gillard
Chicagoland Brokers Inc.
List Price
$95,000
Sold Price
$77,500
Premium/Discount to List
-$17,500
-18.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.77%
Original Mortgage
$101,905
Interest Rate
5.37%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 29, 2017
Sold by
Agbomeirele Ehizele Giwa
Bought by
Lendinghome Marketplace Llc

Purchase Details

Listed on
Apr 3, 2015
Closed on
May 26, 2015
Sold by
U S Bank Trust Na
Bought by
In New Endeavors To Wonderous Beginnings
Seller's Agent
A.J. Chandler
HomeSmart Connect LLC
Buyer's Agent
A.J. Chandler
HomeSmart Connect LLC
List Price
$41,000
Sold Price
$41,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.81%
Original Mortgage
$76,000
Interest Rate
4.08%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 2, 2015
Sold by
Rolling Ivy J
Bought by
U S Bank Trust Na
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
Garcia Hugo Avelar -- --
Choctaw American Insurance Inc $240,000 First American Title
Quijada Jonathan $77,500 Premier Title
Lendinghome Marketplace Llc -- Ticor Title Insurance Compan
In New Endeavors To Wonderous Beginnings $41,000 First American Title
U S Bank Trust Na -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choctaw American Insurance Inc $235,653
Previous Owner Quijada Jonathan $12,644
Previous Owner Quijada Jonathan $99,924
Previous Owner Quijada Jonathan $101,905
Previous Owner In New Endeavors To Wonderous Beginnings $76,000
Previous Owner Rolling Ivy J $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2024 05/03/24 Sold $240,000 0.0% $123 / Sq Ft
01/26/2024 01/26/24 Pending -- -- --
01/07/2024 01/07/24 For Sale $240,000 0.0% $123 / Sq Ft
11/30/2023 11/30/23 Pending -- -- --
11/22/2023 11/22/23 Price Changed $240,000 -5.9% $123 / Sq Ft
10/29/2023 10/29/23 For Sale $255,000 +229.0% $131 / Sq Ft
08/08/2018 08/08/18 Sold $77,500 -13.8% $54 / Sq Ft
04/13/2018 04/13/18 Pending -- -- --
04/11/2018 04/11/18 Price Changed $89,900 -5.4% $62 / Sq Ft
03/16/2018 03/16/18 For Sale $95,000 +131.7% $66 / Sq Ft
06/30/2015 06/30/15 Sold $41,000 0.0% $28 / Sq Ft
05/21/2015 05/21/15 Pending -- -- --
04/03/2015 04/03/15 For Sale $41,000 -- $28 / 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 $2,329 $13,001 $2,942 $10,059
2023 $2,262 $11,001 $4,903 $6,098
2022 $2,262 $11,001 $4,903 $6,098
2021 $2,212 $10,999 $4,902 $6,097
2020 $2,732 $12,266 $3,529 $8,737
2019 $2,738 $13,629 $3,529 $10,100
2018 $2,014 $13,629 $3,529 $10,100
2017 $2,495 $14,965 $3,137 $11,828
2016 $2,497 $14,965 $3,137 $11,828
2015 $2,262 $14,965 $3,137 $11,828
2014 $1,867 $12,630 $2,745 $9,885
2013 $1,819 $12,630 $2,745 $9,885
Source: Public Records

Agents Affiliated with this Home

  • Crystal Burgos

    Seller's Agent in 2024

    Crystal Burgos

    Pioneer Realty Group LLC

    (773) 397-2116

    1 in this area

    16 Total Sales

    Crystal Burgos
    Section Image
  • Jaime Ashley Campos

    Buyer's Agent in 2024

    Jaime Ashley Campos

    RE/MAX

    (708) 715-7258

    2 in this area

    370 Total Sales

    Jaime Ashley Campos
    Section Image

  • M

    Seller's Agent in 2018

    Mark Alleman

    Alleman & Alleman Realty

    (773) 434-4400

    1 in this area

    27 Total Sales

    Mark Alleman
    Section Image

  • T

    Buyer's Agent in 2018

    Tiffany Gillard

    Chicagoland Brokers Inc.

    75 Total Sales

    Tiffany Gillard
    Section Image
  • A.J. Chandler

    Seller's Agent in 2015

    A.J. Chandler

    HomeSmart Connect LLC

    (708) 837-0888

    23 Total Sales

    A.J. Chandler
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11919385

Midwest Real Estate Data (MRED)

APN: 20-25-412-032-0000

Illinois Cook County Chicago 60649 South Shore

7640 S Luella Ave, Chicago, IL

This home is located at 7640 S Luella Ave, Chicago, IL 60649 since 29 October 2023 and is currently estimated at $248,660, approximately $127 per square foot. This property was built in 1916. 7640 S Luella Ave is a home located in Cook County with nearby schools including Bouchet Elementary Math & Science Academy and St Philip Neri Elementary School.

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