NOT LISTED FOR SALE

7915 S Champlain Ave Chicago, IL 60619

Chatham Neighborhood
9 Beds
3 Baths
-- Sq Ft
1927 Built

Last Sold July 16, 2021

Last sale price $450,000

6 Days on Market

Highlights

  • 3 Car Detached Garage
  • Porch
  • Forced Air Heating System

About This Home

As of July 2021

An amazing opportunity to purchase this turn-key 3-unit building in the highly sought after Chatham neighborhood! This building was rehabbed in 2016. Updates include new electrical, new plumbing, new kitchen cabinets and granite countertops, new roof, tuckpointing, new rear porch built to architect plans and permits. Each unit including the basement has its own separate furnace and water heater. Ceiling fans and hardwood flooring throughout each unit. The full sized basement includes shared laundry for tenants and additional space for storage. Three-car brick garage. Wrought iron fence in front and wooden fence in rear, with double swing door gate for convenient optional side access. First floor unit is vacant, making this the perfect situation for an investor looking to occupy one of the units. Collect additional income with garage parking, laundry, and tenant storage space in basement. This building is professionally maintained and operated.

Last Agent to Sell the Property

Jason Donajkowski

Paragon Property Management License #471012929 Listed on: 06/03/2021

Co-Listed By

Jeremy Lenon

Keller Williams ONEChicago License #475179309

Last Buyer's Agent

LaTanya Wetzel

RE/MAX Premier License #475179120

RE/MAX Premier

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,299

Year Built

  • Built in 1927 | Remodeled in 2016

Parking

  • 3 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $507
  • Fuel Expense $284
  • Insurance Expense $1,604
  • Water Sewer Expense $1,259
  • Gross Income $44,107

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,299

Year Built

Built in 1927 | Remodeled in 2016

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1927
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2016
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 9
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Porch
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Fee Information

  • Water Sewer Expenses: 1259

Lot Info

  • Lot Dimensions: 3710
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Fuel Expense: 284
  • Insurance Expense: 1604
  • ElectricExpense: 507
  • GrossIncome: 44107
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Story Unit/s

Tax Info

  • Tax Annual Amount: 3299.41
  • Tax Year: 2019
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/16/2021 07/16/21 Sold $450,000 +13.9% --
06/10/2021 06/10/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $395,000 +464.3% --
12/31/2015 12/31/15 Off Market $70,000 -- --
09/30/2015 09/30/15 Sold $70,000 0.0% -- View Prior Sale
09/25/2015 09/25/15 Pending -- -- --
08/31/2015 08/31/15 For Sale $70,000 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $4,220 $40,501 $2,783 $37,718
2024 $4,220 $40,501 $2,783 $37,718
2023 $4,113 $20,001 $4,638 $15,363
2022 $4,113 $20,001 $4,638 $15,363
2021 $4,022 $19,999 $4,637 $15,362
2020 $3,219 $14,451 $3,339 $11,112
2019 $3,299 $16,422 $3,339 $13,083
2018 $3,480 $17,619 $3,339 $14,280
2017 $1,507 $7,000 $2,968 $4,032
2016 $1,402 $7,000 $2,968 $4,032
2015 $3,792 $20,692 $2,968 $17,724
2014 $3,264 $17,594 $2,597 $14,997
2013 $3,200 $17,594 $2,597 $14,997
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11109983

Midwest Real Estate Data (MRED)