NOT LISTED FOR SALE

7703 S Cornell Ave Unit 2 Chicago, IL 60649

South Shore Neighborhood

Estimated Value: $99,000 - $109,168

2 Beds
1 Bath
1,000 Sq Ft
$300/mo HOA Fee

Last Sold May 14, 2020

Last sale price $48,000 $48 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $875/month

26 Days on Market

About This Home

As of May 2020

2 bedroom, 1 bathroom condo! Conveniently located in a quiet neighborhood near transportation, restaurants, shopping and Lake Michigan! Features include: Open Concept Floor Plan, Large Kitchen Cabinet Space, In-Building Laundry, LED Lighting. ** Tenant occupied until 10/31/2019 **

Last Agent to Sell the Property

Jacob Theis

NHR Brokerage LLC License #471020127 Listed on: 09/19/2019

Last Buyer's Agent

Joyce Gibson

J.A. Gibson & Associates, Ltd. License #471010468

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $423

Year Renovated

  • 2017

Lot Details

  • 6,360

HOA Fees

  • $300 per month

Home Design

  • Brick Exterior Construction

Location

  • Property is near a bus stop

Utilities

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$423

Year Renovated

2017

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Bus, Commuter Train, Interstate Access
  • Recent Rehab: Yes
  • Unit Floor Level: 2
  • Age: 91-100 Years
  • Full Bathrooms: 1
  • Ownership: Condo
  • Rehab Year: 2017
  • Total Full or Half Bathrooms: 1
  • Estimated Year Built: U
  • Type Attached: Condo
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4
  • Year Renovated: 2017

Interior Features

  • Number Of Rooms: 5
  • Living Room: Dimensions: 20X16, On Level: Main Level
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: COMBO, On Level: Main Level
  • Kitchen Type: Dimensions: 10X12, On Level: Main Level
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 10X12, On Level: Main Level
  • Bedroom 2: Dimensions: 10X11, On Level: Main Level
  • Estimated Sq Ft: 1000
  • Dining Room Type: Combined w/ LivRm

Exterior Features

  • Exterior Building Type: Brick

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan, Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Fee Frequency: Monthly
  • Pet Information: No Pets
  • Common Area Amenities: Coin Laundry, Storage
  • Assessment Includes: Water, Common Insurance, Exterior Maintenance
  • Assessment Association Fees: 300
  • Management Contact Name: Joyce Gibson
  • Management Phone: 773-398-7103

Fee Information

  • Management Company: 77th and Cornell Condo Association

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 20253170361006

Multi Family

  • Total Number Unitsin Building: 3
  • Number Stories: 4

Tax Info

  • Taxes: 991.03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2019
Closed on
May 12, 2020
Sold by
Jva Four Llc
Bought by
Mrc Holdings Llc
Seller's Agent
Jacob Theis
NHR Brokerage LLC
Buyer's Agent
Joyce Gibson
J.A. Gibson & Associates, Ltd.
List Price
$89,000
Sold Price
$48,000
Premium/Discount to List
-$41,000
-46.07%
Current Estimated Value
$103,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,042
Avg. Annual Appreciation
15.02%

Purchase Details

Closed on
Nov 8, 2017
Sold by
Jva Il Llc
Bought by
Jva Four Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,128,500
Interest Rate
3.91%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 22, 2017
Sold by
Jca Fund 11 Llc
Bought by
Jva Il Llc

Purchase Details

Closed on
Apr 22, 2016
Sold by
Fannie Mae
Bought by
Jca Fund Ii Llc

Purchase Details

Closed on
Dec 8, 2015
Sold by
Rousseau Regine T
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 19, 2004
Sold by
Morningstar Development Corp
Bought by
Rousseau Regine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,280
Interest Rate
5.17%
Mortgage Type
Unknown
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
Mrc Holdings Llc $48,000 Chicago Title
Jva Four Llc -- None Available
Jva Il Llc -- Attorney
Jca Fund Ii Llc $22,000 Greater Indiana Title
Federal National Mortgage Association -- Attorney
Rousseau Regine $82,500 Ctic
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jva Four Llc $12,128,500
Previous Owner Rousseau Regine $78,280
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2020 05/14/20 Sold $48,000 -18.6% $48 / Sq Ft
10/15/2019 10/15/19 Pending -- -- --
10/08/2019 10/08/19 Price Changed $59,000 -14.5% $59 / Sq Ft
10/01/2019 10/01/19 Price Changed $69,000 -7.9% $69 / Sq Ft
09/25/2019 09/25/19 Price Changed $74,900 -15.8% $75 / Sq Ft
09/19/2019 09/19/19 For Sale $89,000 0.0% $89 / Sq Ft
01/17/2017 01/17/17 Rented $850 0.0% --
01/05/2017 01/05/17 For Rent $850 0.0% --
12/20/2016 12/20/16 Off Market $850 -- --
12/09/2016 12/09/16 Price Changed $850 -22.7% --
11/15/2016 11/15/16 Price Changed $1,100 -8.3% --
11/02/2016 11/02/16 For Rent $1,199 -- --
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 $423 $5,133 $283 $4,850
2023 $411 $2,000 $472 $1,528
2022 $411 $2,000 $472 $1,528
2021 $402 $1,999 $472 $1,527
2020 $959 $4,306 $340 $3,966
2019 $731 $3,636 $340 $3,296
2018 $991 $5,017 $340 $4,677
2017 $809 $3,758 $302 $3,456
2016 $1,120 $5,591 $302 $5,289
2015 $1,283 $7,003 $302 $6,701
2014 $1,490 $8,029 $255 $7,774
2013 $1,460 $8,029 $255 $7,774
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10523535

Midwest Real Estate Data (MRED)

APN: 20-25-317-036-1006