Ernestina Preciado
RE/MAX 10
(708) 998-4209
167 Total Sales
1 in Auburn Gresham
$180,000 Price
7650 S Eggleston Ave Chicago, IL 60620
Auburn Gresham Neighborhood
8
Beds
8
Baths
--
Sq Ft
1910
Built
About This Home
As of April 20247650 S. Eggleston is an eight (8) unit walk-up building located in the Greater Grand Crossing neighborhood of Chicago's South Side. The property sits on a quiet, tree lined street one (1) block from Auburn Park and Winneconna Parkway, which boasts Venetian style canals overlooking beautiful lagoons and stone bridges. 7650 S. Eggleston truly has a unique unit mix that can be tailored to all renters. Of the eight (8) units, the building is comprised of two (2) 2b/1ba units, four (4) 1b/1ba units, and two (2) 0b/1ba studio units. All of which, however, are spacious and have been meticulously maintained. Additionally, all of the units boasts hardwood flooring throughout and updated kitchens with granite countertops along with Juliette balconies. Recent improvements to the building consist of, but not limited to: a newer 800 Amp electric service, individual in-unit HVAC furnaces, updated copper plumbing, newer windows, as well as steel rear porch. 7650 S. Eggleston provides an investor with the opportunity to acquire a cash flowing asset with an in place cap rate of 10.01%. Simply by raising rents and occupying the building to maximum efficiency, an investor can realize a cap rate of nearly 11.7% and cash return over 25%.
Last Agent to Sell the Property
Aaron Sklar
Kiser Group Realty Inc License #475161507 Listed on: 07/21/2023
Co-Listed By
Noah Birk
Kiser Group Realty Inc License #475125864
Last Buyer's Agent
Aaron Sklar
Kiser Group Realty Inc License #475161507 Listed on: 07/21/2023
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,195
Year Built
- Built in 1910
Home Design
- Garden Apartment
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Additional Features
- 2-Story Property
- Lot Dimensions are 50' x 133'
- Floor Furnace
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $388
- Fuel Expense $1,121
- Insurance Expense $3,880
- Maintenance Expense $2,400
- Manager Expense $3,506
- Other Expense $1,700
- Trash Expense $1,141
- Water Sewer Expense $3,266
- Operating Expense $27,097
- Gross Income $73,800
- Net Operating Income $43,014
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 21, 2023
Closed on
Feb 29, 2024
Sold by
Bought by
Seller's Agent
Aaron Sklar
Kiser Group Realty Inc
Buyer's Agent
Aaron Sklar
Kiser Group Realty Inc
List Price
$535,000
Sold Price
$270,000
Premium/Discount to List
-$265,000
-49.53%
Views
60
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
7.18%
Mortgage Type
Construction
Purchase Details
Listed on
Oct 20, 2020
Closed on
Jan 13, 2021
Sold by
Bought by
Seller's Agent
Aaron Sklar
Kiser Group Realty Inc
Buyer's Agent
Jay Menzel
Coldwell Banker Real Estate Group
List Price
$410,000
Sold Price
$400,000
Premium/Discount to List
-$10,000
-2.44%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.56%
Original Mortgage
$225,000
Interest Rate
2.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 29, 2016
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.37%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Mar 9, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
13%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 4, 2014
Sold by
Bought by
Purchase Details
Closed on
Feb 1, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,300
Interest Rate
7%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 8, 2006
Sold by
Bought by
Purchase Details
Closed on
Feb 15, 2000
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
8.27%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Auburn Gresham, IL
-
Ernestina Preciado
-
Benny Collesano
Benny Collesano
Better Homes & Gardens Real Estate Connections
(708) 905-4956
154 Total Sales
1 in Auburn Gresham
$301,999 Price
-
Hyacinth Levy
Hyacinth Levy
Responds QuicklyBaird & Warner
(224) 504-1149
25 Total Sales
1 in Auburn Gresham
$62,500 Price
-
Fredy Thomas
Fredy Thomas
Keller Williams Premiere Properties
(331) 236-0580
12 Total Sales
1 in Auburn Gresham
$297,000 Price
-
Don Robinson
Don Robinson
ABS Property Consulting
(866) 346-9374
46 Total Sales
1 in Auburn Gresham
$245,000 Price
-
Ruben Camacho
Ruben Camacho
Kale Realty
(844) 770-1569
115 Total Sales
2 in Auburn Gresham
$277K - $464K 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 |
|---|---|---|---|
| $270,000 | Chicago Title | ||
| $400,000 | Chicago Title | ||
| $325,000 | Stewart Title | ||
| $137,500 | Barrister Title | ||
| -- | Chicago Title Land Trust Co | ||
| $207,000 | None Available | ||
| -- | None Available | ||
| $220,000 | -- |
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 | $268,000 | ||
| Previous Owner | $225,000 | ||
| Previous Owner | $260,000 | ||
| Previous Owner | $200,000 | ||
| Previous Owner | $386,300 | ||
| Previous Owner | $140,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 04/03/2024 04/03/24 | Sold | $270,000 | -46.0% | -- | |
| 01/04/2024 01/04/24 | Pending | -- | -- | -- | |
| 10/30/2023 10/30/23 | Price Changed | $500,000 | -6.5% | -- | |
| 07/21/2023 07/21/23 | For Sale | $535,000 | +33.8% | -- | |
| 04/21/2021 04/21/21 | Off Market | $400,000 | -- | -- | |
| 01/20/2021 01/20/21 | Sold | $400,000 | -2.4% | -- | View Prior Sale |
| 11/20/2020 11/20/20 | Pending | -- | -- | -- | |
| 10/20/2020 10/20/20 | For Sale | $410,000 | -- | -- |
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 | $8,599 | $42,701 | $6,318 | $36,383 |
| 2024 | $8,599 | $42,701 | $6,318 | $36,383 |
| 2023 | $8,382 | $40,755 | $4,156 | $36,599 |
| 2022 | $8,382 | $40,755 | $4,156 | $36,599 |
| 2021 | $8,195 | $40,754 | $4,156 | $36,598 |
| 2020 | $7,779 | $34,919 | $4,156 | $30,763 |
| 2019 | $7,016 | $34,919 | $4,156 | $30,763 |
| 2018 | $6,898 | $34,919 | $4,156 | $30,763 |
| 2017 | $6,310 | $29,310 | $3,823 | $25,487 |
| 2016 | $5,870 | $29,310 | $3,823 | $25,487 |
| 2015 | $5,371 | $29,310 | $3,823 | $25,487 |
| 2014 | $6,903 | $37,206 | $3,823 | $33,383 |
| 2013 | $6,767 | $37,206 | $3,823 | $33,383 |
Source: Public Records
Agents Affiliated with this Home
-
A
Seller's Agent in 2024
Aaron Sklar
Kiser Group Realty Inc
-
N
Seller Co-Listing Agent in 2024
Noah Birk
Kiser Group Realty Inc
-
J
Buyer's Agent in 2021
Jay Menzel
Coldwell Banker Real Estate Group
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11839148
APN: 20283120290000
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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