NOT LISTED FOR SALE

7949 S Saint Lawrence Ave Chicago, IL 60619

Chatham Neighborhood
10 Beds
6 Baths
-- Sq Ft
4,356 Sq Ft Lot

Sale Details

Date Sold: March 3, 2021

Last sale price $325,000 $0 Per Sq Ft

104 Days on Market

About This Home

As of March 2021

Renovated and fully occupied 6-unit building and 4-car garage with all the updates. Newer boiler, hot water heater, copper plumbing, newer porches, windows, laundry room, glass block windows, etc. Four of the six units have been converted to 2-bedrooms. Average rent is $846. Excellent opportunity to earn 12-17% Cash-on-Cash annual return depending on management arrangement. Total return projected at over 26% per year. Showings are available for qualified and financeable investors on an appointment basis. Buyer's agent must accompany his/her client.

Last Agent to Sell the Property

Rob Thompson

Realty Asset Advisors LLC License #471021162 Listed on: 08/27/2020

Last Buyer's Agent

Jeffrey Osuji

Kale Realty License #475190864

Kale Realty
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1925

Lot Details

  • 4,356

Community Details

  • Fuel Expense $9,040
  • Insurance Expense $2,775

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1925

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Estimated Age: Older
  • Net Oper Income: 30830
  • Repairs Decor Expense: 2726
  • Scavenger Expense: 835
  • Total Annual Exp: 25452
  • Total Annual Income: 61700
  • Total Monthly Income: 5075
  • Number Of Stories: 2
  • Estimated Year Built: 1925
  • Type Multi Family: Garden Complex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1925

Exterior Features

  • Acreage: 0.1

Garage/Parking

  • Indoor Parking: 1-5 Spaces
  • Number Of Parking Spaces: 4

Utilities

  • Heatventilation: Central Bldg Heat, Steam
  • Water Expense: 3086

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 493
  • Janitor Expense: 1830

Lot Info

  • Lot Dimensions: 4712
  • Parcel Identification Number: 20342040180000

Rental Info

  • Gross Rental Income: 60900
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2019
  • Fuel Expense: 9040
  • Insurance Expense: 2775
  • Other Expenses: 1683

Tax Info

  • Taxes: 2984

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
Aug 27, 2020
Closed on
Feb 25, 2021
Sold by
Chicago Title Land Trust Company
Bought by
Seller's Agent
Rob Thompson
Realty Asset Advisors LLC
Buyer's Agent
Jeffrey Osuji
Kale Realty
List Price
$345,000
Sold Price
$325,000
Premium/Discount to List
-$20,000
-5.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,500
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 9, 2006
Sold by
Chicago Title Land Trust Co
Bought by
Chicago Title Land Trust Co and Trust #8002345711

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
6.37%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 13, 1995
Sold by
Adams Leroy L and Adams Louise H
Bought by
First National Bank Of Evergreen Park
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$325,000 Chicago Title Land Trust Co
Chicago Title Land Trust Co $290,000 Ctic
First National Bank Of Evergreen Park -- --
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
Previous Owner $269,500
Previous Owner Chicago Title Land Trust Co $315,000
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
03/03/2021 03/03/21 Sold $325,000 0.0% --
02/28/2021 02/28/21 Off Market $325,000 -- --
12/09/2020 12/09/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $345,000 -- --
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 $5,064 $38,200 $3,534 $34,666
2024 $5,064 $38,200 $3,534 $34,666
2023 $4,936 $24,000 $5,890 $18,110
2022 $4,936 $24,000 $5,890 $18,110
2021 $4,826 $24,000 $5,890 $18,110
2020 $2,892 $16,085 $4,240 $11,845
2019 $2,984 $18,279 $4,240 $14,039
2018 $2,932 $18,279 $4,240 $14,039
2017 $4,202 $22,897 $3,769 $19,128
2016 $4,086 $22,897 $3,769 $19,128
2015 $3,715 $22,897 $3,769 $19,128
2014 $3,361 $20,681 $3,298 $17,383
2013 $3,283 $20,681 $3,298 $17,383
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10838408

Midwest Real Estate Data (MRED)

APN: 20342040180000

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