NOT LISTED FOR SALE

7924 S Champlain Ave Chicago, IL 60619

Chatham Neighborhood
7 Beds
4 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold November 28, 2016

Last sale price $225,000

237 Days on Market

About This Home

As of November 2016

Seller is offering this rare find at an affordable price.This is a turnkey 3 flat investment overall condition of building is good with quiet long term tenants. The recent updates include: new windows, newer roof, individual heat, hardwood floors, and full walk out basement could be an additional unit. Basement has full bathroom and working kitchen. Their is also a 3 car brick garage. Low expenses and decent income with run to grow. 48 hour notice due to all units being occupied. Offers contingent upon seeing all units. As Is and experienced lenders. Long term tenants on a month to month.

Last Agent to Sell the Property

Paulette Edwards

Coldwell Banker Realty License #471011238 Listed on: 02/16/2016

Coldwell Banker Realty

Co-Listed By

Sybil Martin

Coldwell Banker Realty License #471008659

Last Buyer's Agent

Yvette DuPree

@properties Christie's International Real Estate License #475124710

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,152

Year Built

  • Built in 1919

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 25 x 150

Parking

  • 3 Car Detached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Radiator
  • Heating System Uses Natural Gas

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $39,000
  • Net Operating Income $30,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,152

Year Built

Built in 1919

Lot Details

3,485 Sq Ft Lot

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1919
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Radiator(s)
  • Water Source: Public

Fee Information

  • Other Expenses $: 8500

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.08
  • Lot Dimensions: 25 X 150
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 30500
  • GrossIncome: 39000
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 2152
  • Tax Year: 2014
  • Tax Exemptions: None
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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
11/28/2016 11/28/16 Sold $225,000 -1.3% --
10/10/2016 10/10/16 Pending -- -- --
08/31/2016 08/31/16 For Sale $228,000 0.0% --
08/02/2016 08/02/16 Pending -- -- --
07/06/2016 07/06/16 For Sale $228,000 0.0% --
05/06/2016 05/06/16 Pending -- -- --
04/08/2016 04/08/16 Price Changed $228,000 -0.4% --
03/17/2016 03/17/16 Price Changed $229,000 -4.2% --
03/10/2016 03/10/16 Price Changed $239,000 -4.0% --
02/16/2016 02/16/16 For Sale $249,000 -- --
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 $4,153 $25,000 $2,790 $22,210
2024 $4,153 $25,000 $2,790 $22,210
2023 $4,027 $23,000 $4,650 $18,350
2022 $4,027 $23,000 $4,650 $18,350
2021 $3,955 $23,000 $4,650 $18,350
2020 $2,884 $16,050 $3,348 $12,702
2019 $2,975 $18,239 $3,348 $14,891
2018 $2,924 $18,239 $3,348 $14,891
2017 $3,417 $19,249 $2,976 $16,273
2016 $3,355 $19,249 $2,976 $16,273
2015 $3,047 $19,249 $2,976 $16,273
2014 $2,153 $14,172 $2,604 $11,568
2013 $2,452 $16,113 $2,604 $13,509
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09143135

Midwest Real Estate Data (MRED)
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