NOT LISTED FOR SALE

7742 S Colfax Ave Unit 1 Chicago, IL 60649

South Shore Neighborhood

Estimated Value: $85,000 - $143,000

3 Beds
2 Baths
1,700 Sq Ft
$72/Sq Ft Est. Value

Highlights

  • Wood Flooring
  • Breakfast Bar
  • Combination Dining and Living Room
  • Fenced Yard
  • Forced Air Heating and Cooling System
  • Garage

About This Home

As of May 2020

Rent this recently rehabbed, 1 bedroom apartment with all of the modern touches such as new hardwood floors and an in-unit washer and dryer. The updated eat-in kitchen features stainless steel appliances and granite counters. This spacious apartment won't be available long! Owner accepts CHA tenants. * Please note, photos may be of a similar unit in the building.

Last Agent to Rent the Property

Howard Thomas

RE/MAX Premier License #471019584 Listed on: 03/13/2020

RE/MAX Premier

Last Renter's Agent

Brandice Hampton

Baird & Warner License #475166488

Baird & Warner

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $212

Year Built

  • 1923

Lot Details

  • Fenced Yard

Parking

  • Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Primary Bathroom is a Full Bathroom
  • Combination Dining and Living Room
  • Wood Flooring
  • Breakfast Bar
  • Washer and Dryer Hookup

Utilities

  • Forced Air Heating and Cooling System
  • Lake Michigan Water

Home Details

Home Type

Single Family

Est. Annual Taxes

$212

Year Built

1923

Lot Details

0

Rental Info

  • Available: 03/17/2016
  • Lease Terms: 1 Year Lease
  • Monthly Lot Rental Included: Water, Scavenger, Exterior Maintenance, Lawn Care, Snow Removal
  • Security Deposit: 1550

Listing Details

  • Property Type: Residential Rental
  • Built Before 1978 (Y/N): Yes
  • Unit Floor Level: 2
  • Age: 91-100 Years
  • Full Bathrooms: 2
  • Number Interior Fireplaces: 1
  • Total Full or Half Bathrooms: 2
  • Estimated Year Built: 1923
  • Type Attached: Condo
  • Type Of Rental Property: Attached
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4
  • Year Built: 1923

Interior Features

  • Interior Property Features: Hardwood Floors, Laundry Hook-Up in Unit
  • Number Of Rooms: 6
  • Bedrooms All Levels: 3
  • Master Bedroom Level: Main Level
  • Master Bedroom Size: 12X13
  • Master Bedroom Flooring: Carpet
  • Primary Bedroom Bath: Full
  • Second Bedroom Level: Main Level
  • Second Bedroom Size: 11X11
  • Second Bedroom Flooring: Carpet
  • Third Bedroom Level: Main Level
  • Third Bedroom Size: 12X11
  • Third Bedroom Flooring: Hardwood
  • Above Grade Bedrooms: 3
  • Living Room Level: Main Level
  • Living Room Size: 16X19
  • Living Room Flooring: Hardwood
  • Dining Room: Combined w/ LivRm
  • Dining Room Level: Main Level
  • Dining Room Size: COMBO
  • Dining Room Flooring: Hardwood
  • Kitchen Type: Eating Area-Table Space
  • Kitchen Level: Main Level
  • Kitchen Size: 12X14
  • Kitchen Flooring: Marble
  • Additional Rooms: No additional rooms
  • Estimated Sq Ft: 1700

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

  • Parking: Garage
  • Garage On Site: Yes

Utilities

  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Forced Air

Condo/Co-op/Association

  • Pet Information: No Pets

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Lot Description: Fenced Yard

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2021
Sold by
Jones William E
Bought by
Harris Tyrone P
Current Estimated Value
$123,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,581
Outstanding Balance
$457,800
Interest Rate
2.44%
Mortgage Type
FHA
Estimated Equity
-$334,800

Purchase Details

Closed on
Jul 13, 2019
Sold by
Oliver Property Management Llc
Bought by
Jones William E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,800
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2018
Sold by
Res Il Dmh Llc
Bought by
Oliver Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
5.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 16, 2017
Sold by
Howard Diane M
Bought by
Res Il Dmh Llc
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
Harris Tyrone P $520,000 Chicago Title
Jones William E $291,000 Ata National Title Group Llc
Oliver Property Management Llc $225,000 Attorney
Res Il Dmh Llc -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harris Tyrone P $510,581
Previous Owner Jones William E $232,800
Previous Owner Oliver Property Management Llc $133,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2023 08/02/23 Rented $800 -42.9% --
05/06/2020 05/06/20 Rented $1,400 0.0% --
03/13/2020 03/13/20 For Rent $1,400 +75.0% --
11/07/2018 11/07/18 Off Market $800 -- --
08/06/2018 08/06/18 Rented $800 -17.9% --
07/10/2018 07/10/18 For Rent $975 -- --
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 $212 $8,320 $447 $7,873
2023 $205 $1,000 $500 $500
2022 $205 $1,000 $500 $500
2021 $201 $999 $499 $500
2020 $1,510 $6,777 $536 $6,241
2019 $1,507 $7,500 $536 $6,964
2018 $1,482 $7,500 $536 $6,964
2017 $1,101 $5,115 $477 $4,638
2016 $1,024 $5,115 $477 $4,638
2015 $1,172 $6,393 $477 $5,916
2014 $969 $5,220 $402 $4,818
2013 $949 $5,220 $402 $4,818
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10666290

Midwest Real Estate Data (MRED)

APN: 21-30-321-037-1001