Lisa Magidson
North Clybourn Group, Inc.
(888) 367-2916
143 Total Sales
1 in South Shore
$55,000 Price
Kiser Group is pleased to exclusively present for purchase, 7816 S. Cornell, a 31-unit courtyard building located in Chicago's historic South Shore neighborhood. 7816 S. Cornell is fully occupied and comprised entirely of 2Bd/1Ba units, all completely rehabbed in 2018. Each apartment features condo-quality finishes with stainless-steel appliances and granite counter-tops. The building has a brand new boiler(2018), newer windows, a newer roof, and newer electric as well as on-site laundry. 7816 S. Cornell presents an investor the opportunity to acquire a fully stabilized and cash-flowing asset. From day one, an investor will realize a cap rate of 9.23% and a cash-on-cash return of 17.58%. Through improved leasing and potentially raising rents to the highest market rates, 7816 S. Cornell's next owner has the opportunity to achieve a cap rate of 10.57% and a cash-on-cash return of 22.95%.
Last Agent to Sell the Property
Aaron Sklar
Kiser Group Realty Inc License #475161507 Listed on: 02/23/2019
Co-Listed By
Noah Birk
Kiser Group Realty Inc License #475125864
Last Buyer's Agent
Noah Birk
Kiser Group Realty Inc License #475125864
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Lisa Magidson
North Clybourn Group, Inc.
(888) 367-2916
143 Total Sales
1 in South Shore
$55,000 Price
Marsha Green
Real People Realty
(708) 934-0761
86 Total Sales
2 in South Shore
$140K - $228K Price Range
Melanie Miller
Keller Williams ONEChicago
(312) 779-6603
198 Total Sales
12 in South Shore
$167K - $560K Price Range
Tina Hollins
Coldwell Banker Realty
(773) 570-2696
147 Total Sales
2 in South Shore
$295K - $605K Price Range
Tanesha Pratt
Coldwell Banker Realty
(630) 895-7761
73 Total Sales
1 in South Shore
$255,000 Price
Michael Kozuchowski
Century 21 S.G.R., Inc.
(872) 250-5498
55 Total Sales
1 in South Shore
$325,000 Price
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 |
|---|---|---|---|
| $2,530,000 | Chicago Title | ||
| 7816 S Cornell Sd Llc | $2,727,000 | Prairie Title | |
| Southside Property Group Llc | $675,000 | Near North National Title | |
| Chicago Title Land Trust Co | $1,100,000 | Stewart Title | |
| 7816 South Cornell Llc | $837,500 | -- | |
| Chicago Title Landtrust Company #1108301 | $670,000 | -- |
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 | $2,182,000 | ||
| Previous Owner | Southside Property Group Llc | $1,150,000 | |
| Previous Owner | Chicago Title Land Trust Co | $1,063,000 | |
| Previous Owner | 7816 South Cornell Llc | $1,340,000 | |
| Previous Owner | Chicago Title Landtrust Company #1108301 | $512,000 |
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 |
|---|---|---|---|---|
| 09/15/2019 09/15/19 | Off Market | $2,727,000 | -- | -- |
| 06/14/2019 06/14/19 | Sold | $2,727,000 | -4.3% | -- |
| 03/27/2019 03/27/19 | Pending | -- | -- | -- |
| 02/23/2019 02/23/19 | For Sale | $2,850,000 | -- | -- |
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 | $37,374 | $185,448 | $17,700 | $167,748 |
| 2024 | $30,500 | $185,448 | $17,700 | $167,748 |
| 2023 | $29,627 | $144,040 | $12,744 | $131,296 |
| 2022 | $29,627 | $144,040 | $12,744 | $131,296 |
| 2021 | $28,965 | $144,040 | $12,744 | $131,296 |
| 2020 | $26,117 | $117,240 | $12,744 | $104,496 |
| 2019 | $23,555 | $117,240 | $12,744 | $104,496 |
| 2018 | $13,334 | $67,500 | $12,744 | $54,756 |
| 2017 | $21,243 | $98,679 | $10,620 | $88,059 |
| 2016 | $16,572 | $82,740 | $10,620 | $72,120 |
| 2015 | $13,744 | $75,001 | $10,620 | $64,381 |
| 2014 | $16,924 | $91,213 | $10,620 | $80,593 |
| 2013 | $14,346 | $78,880 | $10,620 | $68,260 |
AS
Seller's Agent in 2019
Aaron Sklar
Kiser Group Realty Inc
NB
Seller Co-Listing Agent in 2019
Noah Birk
Kiser Group Realty Inc
Source: Midwest Real Estate Data (MRED)
MLS Number: 10291987
APN: 20253240230000
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