Reginald Patterson
eXp Realty
(773) 830-6144
102 Total Sales
3 in South Shore
$57K - $450K Price Range
7708 S Cornell Ave Chicago, IL 60649
South Shore NeighborhoodEstimated Value: $706,000
9
Beds
8
Baths
--
Sq Ft
0.76
Acre 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
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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
Rich Ventures Llc
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
$420,661
Interest Rate
3.05%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 8, 2017
Sold by
First Midwest Bank
Bought by
Rich Ventures Llc
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
Beverly Trust Company
Bought by
Standard Bank & Trust Co and Trust #15633
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Shore, IL
-
Reginald Patterson
-
Tamika Bishop
Tamika Bishop
Coldwell Banker Realty
(224) 479-1963
63 Total Sales
1 in South Shore
$250,000 Price
-
Jertheus Butts
Jertheus Butts
Coldwell Banker Realty
(833) 569-4890
52 Total Sales
2 in South Shore
$260K - $635K Price Range
-
Gabriela Melgoza
Gabriela Melgoza
Realty of America
(708) 722-8286
121 Total Sales
1 in South Shore
$231,000 Price
-
Karina Barrera
Karina Barrera
Realty of America, LLC
(844) 517-0338
53 Total Sales
1 in South Shore
$412,000 Price
-
Jennifer Upshaw
Jennifer Upshaw
L. Upshaw Realty
(224) 287-9910
51 Total Sales
1 in South Shore
$72,000 Price
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 | ||
| Rich Ventures Llc | $245,000 | First American Title | |
| Standard Bank & Trust Co | $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 | Rich Ventures Llc | $196,000 |
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
Seller's Agent in 2021
Travis Montgomery
Keller Williams ONEChicago
(773) 946-8816
4 in this area
38 Total Sales
-
Kelly Rich
Seller Co-Listing Agent in 2021
Kelly Rich
Kale Realty
1 in this area
8 Total Sales
-
Sanina Ellison
Buyer's Agent in 2021
Sanina Ellison
Re-CHRG Inc
(773) 495-2144
1 in this area
53 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
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