NOT LISTED FOR SALE

8031 S Michigan Ave Chicago, IL 60619

Chatham Neighborhood

Estimated Value: $288,000 - $383,000

3 Beds
3 Baths
2,400 Sq Ft
$147/Sq Ft Est. Value

Last Sold May 16, 2024

Last sale price $350,000 $146 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,135/month

6 Days on Market

Highlights

  • Wood Flooring
  • Finished Attic
  • Stainless Steel Appliances
  • Main Floor Bedroom
  • Sitting Room
  • 2.5 Car Detached Garage

About This Home

As of May 2024

This stunning property, boasting high-end finishes, has been thoroughly updated with new plumbing and electrical. This wonderful Chicago-style bungalow, nestled in the desirable Chatham neighborhood features a tastefully rehabbed open floor plan with four bedrooms and three full bathrooms. Hardwood floors add charm to the main floor which hosts a living room with a fireplace, a primary suite with a stunning bathroom and another bedroom and full bath. The gourmet kitchen with porcelain tile, showcases solid white Shaker cabinetry, new stainless steel appliances and a huge island. The lower level, equipped with luxury vinyl planks, provides a spacious entertaining area, a bedroom, bathroom and lots of extra storage. The second floor adds another bedroom with a spacious multi-use area. Other updates include new windows, HVAC system, garage door opener, and new roof. The home also offers a lovely backyard, a 2.5 car garage and is situated just minutes from shopping, parks, schools, a train station, and easy highway and bus access. This wonderful home is ready for FHA, VA, and conventional loan buyers. It's a home completely remodeled and ready for you. A preferred lender offers a reduced interest rate for this listing.

Last Agent to Sell the Property

Kellye Jackson

Redfin Corporation License #475183372 Listed on: 04/09/2024

Redfin Corporation

Last Buyer's Agent

Marisol Doblado

Compass License #475179296

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,269

Year Built

  • Built in 1921 | Remodeled in 2024

Lot Details

  • Lot Dimensions are 25x125
  • Paved or Partially Paved Lot

Parking

  • 2.5 Car Detached Garage
  • Garage ceiling height seven feet or more
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • Electric Fireplace
  • Living Room with Fireplace
  • Sitting Room
  • Combination Dining and Living Room
  • Wood Flooring
  • Finished Attic
  • Carbon Monoxide Detectors
  • Gas Dryer Hookup

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Potential Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • 3 Full Bathrooms
  • Dual Sinks
  • Separate Shower

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,269

Year Built

Built in 1921 | Remodeled in 2024

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1921
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2024
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2024

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Stainless Steel Appliance(s), Range Hood
  • Basement: Full
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Electric
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, First Floor Full Bath, Walk-In Closet(s)
  • LivingArea: 2400
  • Other Equipment: CO Detectors
  • Room Type: Sitting Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Bathroom Amenities: Separate Shower,Double Sink
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Dining Room: Combined w/ LivRm
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Attic: Finished
  • ResoLivingAreaSource: Plans

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2.5
  • ParkingTotal: 2.5
  • Garage Details: Garage Door Opener(s),Transmitter(s),7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Electric, Forced Air
  • Laundry Features: Gas Dryer Hookup
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Lot Info

  • Lot Dimensions: 25X125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 3269.45
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2024
Closed on
May 8, 2024
Sold by
Na Holdings Llc
Bought by
Currie-Trice Theresa and Miller Aaron
Seller's Agent
Kellye Jackson
Redfin Corporation
Buyer's Agent
Marisol Doblado
Compass
List Price
$350,000
Sold Price
$350,000
Views
42
Current Estimated Value
$352,237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,237
Avg. Annual Appreciation
0.43%
Original Mortgage
$343,660
Outstanding Balance
$338,941
Interest Rate
6.99%
Mortgage Type
FHA
Estimated Equity
$13,296

Purchase Details

Listed on
Jul 18, 2023
Closed on
Aug 10, 2023
Sold by
Cash Randi
Bought by
Na Holdings Llc
Seller's Agent
Karen Flores
Luna Realty Group
Buyer's Agent
Kellye Jackson
Redfin Corporation
List Price
$129,999
Sold Price
$126,000
Premium/Discount to List
-$3,999
-3.08%
Views
192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
393.49%

Purchase Details

Closed on
Feb 28, 2012
Sold by
Cowan Bettie J
Bought by
Cowan Bettie J and Cash Randi

Purchase Details

Closed on
Jun 21, 1996
Sold by
Cash Luella
Bought by
Cash Luella and Cowan Bettie J
Source: Public Records

Range of Values:

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Average Value
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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
Currie-Trice Theresa $350,000 Old Republic Title
Na Holdings Llc $126,000 None Listed On Document
Cowan Bettie J -- First American Title Ins Co
Cash Luella -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Currie-Trice Theresa $343,660
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/16/2024 05/16/24 Sold $350,000 0.0% $146 / Sq Ft
04/16/2024 04/16/24 Pending -- -- --
04/09/2024 04/09/24 For Sale $350,000 +177.8% $146 / Sq Ft
09/27/2023 09/27/23 Sold $126,000 -3.1% $90 / Sq Ft View Prior Sale
07/22/2023 07/22/23 Pending -- -- --
07/18/2023 07/18/23 For Sale $129,999 -- $93 / Sq Ft
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 $3,380 $14,600 $3,600 $11,000
2023 $3,269 $20,000 $4,800 $15,200
2022 $3,269 $20,000 $4,800 $15,200
2021 $3,218 $20,000 $4,800 $15,200
2020 $1,921 $12,346 $3,840 $8,506
2019 $1,899 $13,567 $3,840 $9,727
2018 $1,866 $13,567 $3,840 $9,727
2017 $2,211 $14,321 $3,360 $10,961
2016 $2,225 $14,321 $3,360 $10,961
2015 $2,144 $14,321 $3,360 $10,961
2014 $1,935 $13,000 $2,880 $10,120
2013 $1,886 $13,000 $2,880 $10,120
Source: Public Records

Agents Affiliated with this Home

  • Marisol Doblado

    Buyer's Agent in 2024

    Marisol Doblado

    Compass

    (312) 714-2490

    1 in this area

    103 Total Sales

    Marisol Doblado
    Section Image

  • K

    Seller's Agent in 2023

    Karen Flores

    Luna Realty Group

    (773) 879-2110

    2 in this area

    152 Total Sales

    Karen Flores
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12024490

Midwest Real Estate Data (MRED)

APN: 20-34-108-011-0000

Illinois Cook County Chicago 60619 Chatham

8031 S Michigan Ave, Chicago, IL

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