Seller's Agent in 2021
Travis Montgomery
Keller Williams ONEChicago
(773) 946-8816
4 in this area
37 Total Sales
7708 S Cornell Ave Chicago, IL 60649
South Shore NeighborhoodEstimated Value: $706,000
9
Beds
8
Baths
--
Sq Ft
0.76
Acres Lot
About This Home
As of November 2021We are pleased to present 7708 S Cornell an 8-unit multifamily property located in the South Shore neighborhood of Chicago, IL. This property is located in a federal qualified opportunity zone and consist of (3) two-bedroom, one bath units, (3) one-bedroom, one bath units and (2) studios, one bath units. New developments in South Shore are underway due to its proximity to Lake Michigan, as well as Chicago's Downtown. The South Shore neighborhood, has direct access to the Chicago Skyway. The subject property is 11.6 miles South West of Midway International Airport and 10 miles from Chicago's central business district. This property gives an investor the opportunity to acquire a well-maintained asset and achieve above average returns from day one. Please Contact Listing agent for more detailed Financials and Offering Memorandum!
Last Agent to Sell the Property
Keller Williams ONEChicago License #475184338 Listed on: 04/05/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,601
Year Built
- Built in 1964
Lot Details
- 0.76
Bedrooms and Bathrooms
- 9 Bedrooms
- 8 Bathrooms
Additional Features
- 3-Story Property
- Additional Parcels
- Baseboard Heating
Listing and Financial Details
- Tenant pays for varies by tenant
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $779
- Fuel Expense $4,502
- Insurance Expense $3,600
- Maintenance Expense $1,600
- Other Expense $2,000
- Trash Expense $1,378
- Water Sewer Expense $2,615
- Operating Expense $27,417
- Gross Income $80,100
- Net Operating Income $48,678
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
Apr 5, 2021
Closed on
Nov 15, 2021
Sold by
Bought by
Seller's Agent
Travis Montgomery
Keller Williams ONEChicago
Buyer's Agent
Sanina Ellison
Re-CHRG Inc
List Price
$587,000
Sold Price
$580,000
Premium/Discount to List
-$7,000
-1.19%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,000
Original Mortgage
$469,600
Outstanding Balance
$427,964
Interest Rate
3.05%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 8, 2017
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
$196,000
Interest Rate
3.88%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 24, 1997
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
$160,000
Interest Rate
8.25%
Mortgage Type
Construction
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $580,000 | Chicago Title | ||
| $245,000 | First American Title | ||
| $195,000 | -- |
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 |
|---|---|---|---|
| Open | $469,600 | ||
| Previous Owner | $196,000 | ||
| Previous Owner | $160,000 |
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 |
|---|---|---|---|---|
| 11/19/2021 11/19/21 | Sold | $580,000 | -1.2% | -- |
| 08/24/2021 08/24/21 | Pending | -- | -- | -- |
| 04/05/2021 04/05/21 | For Sale | $587,000 | -- | -- |
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 | $3,220 | -- | -- | -- |
| 2024 | $3,220 | -- | -- | -- |
| 2023 | $3,128 | $15,207 | $2,970 | $12,237 |
| 2022 | $3,128 | $15,207 | $2,970 | $12,237 |
| 2021 | $3,058 | $15,206 | $2,970 | $12,236 |
| 2020 | $5,101 | $22,899 | $2,970 | $19,929 |
| 2019 | $4,601 | $22,899 | $2,970 | $19,929 |
| 2018 | $4,523 | $22,899 | $2,970 | $19,929 |
| 2017 | $4,797 | $22,283 | $2,475 | $19,808 |
| 2016 | $4,463 | $22,283 | $2,475 | $19,808 |
| 2015 | $4,083 | $22,283 | $2,475 | $19,808 |
| 2014 | $4,134 | $22,283 | $2,475 | $19,808 |
| 2013 | $4,053 | $22,283 | $2,475 | $19,808 |
Source: Public Records
Agents Affiliated with this Home
-
Travis Montgomery
-
Kelly Rich
Seller Co-Listing Agent in 2021
Kelly Rich
Kale Realty
1 in this area
10 Total Sales
-
Sanina Ellison
Buyer's Agent in 2021
Sanina Ellison
Re-CHRG Inc
(773) 495-2144
1 in this area
55 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11043121
APN: 20-25-316-027-0000
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
Nearby Homes
- 7644 S Cornell Ave
- 7716 S East End Ave
- 7703 S East End Ave
- 7712 S Ridgeland Ave
- 7823 S Cornell Ave
- 7707 S Ridgeland Ave
- 7811 S East End Ave
- 7829 S Cornell Ave
- 7813 S East End Ave
- 7611 S Ridgeland Ave
- 7544 S Ridgeland Ave
- 7642 S Dante Ave
- 7545 S Ridgeland Ave
- 7651 S Cregier Ave
- 7806 S Cregier Ave
- 7515 S East End Ave
- 1440 E 76th St
- 7614 S Dante Ave
- 7518 S Ridgeland Ave
- 1412 E 76th St
- 7701 S Stony Island Ave
- 7700 S Cornell Ave
- 7700 S Cornell Ave Unit Garden
- 7700 S Cornell Ave Unit 3S
- 7706 S Cornell Ave
- 1617 E 77th St Unit 1
- 1617 E 77th St Unit 3
- 7656 S Cornell Ave Unit 1
- 7712 S Cornell Ave Unit 1
- 7652 S Cornell Ave Unit 2
- 7702 S Cornell Ave
- 7702 S Cornell Ave Unit 1
- 7716 S Cornell Ave
- 7716 S Cornell Ave
- 7648 S Cornell Ave
- 7718 S Cornell Ave Unit 3
- 7718 S Cornell Ave
- 7722 S Cornell Ave Unit 77223E
- 7722 S Cornell Ave Unit 77222E
- 7722 S Cornell Ave Unit 77223W
Your Personal Tour Guide
Ask me questions while you tour the home.