NOT LISTED FOR SALE

8416 S Michigan Ave Chicago, IL 60619

Chatham Neighborhood

Estimated Value: $234,932 - $282,000

5 Beds
1.5 Baths
1,808 Sq Ft
$142/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $198,000 $110 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,612/month

16 Days on Market

Highlights

  • Vaulted Ceiling
  • Ceiling Fan
  • Senior Tax Exemptions
  • Central Air

About This Home

As of May 2024

You do not want to miss the opportunity to view this larger 2-story Chatham home. Over 1800 SF of updated, move-in ready, living space complete with 5-bedrooms, stainless steel appliances and a large basement great for storage. The location is great for commuting with easy access to transportation/expressway, nearby restaurants, and shopping. Schedule your showing today!

Last Agent to Sell the Property

Chanan Dozier

Signature Realty Services License #471020308 Listed on: 01/13/2024

Last Buyer's Agent

Tavo Rubalcava

eXp Realty License #475175238

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,172

Year Built

  • Built in 1942 | Remodeled in 2022

Lot Details

  • 4,992 Sq Ft Lot
  • Lot Dimensions are 25x130

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,808 Sq Ft Home
  • 1.5-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Space is Owned

Utilities

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

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,172

Year Built

Built in 1942 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1.5 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1.5 Story
  • Year Built: 1942
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2022
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2022

Interior Features

  • Basement: Full
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Interior Amenities: Vaulted/Cathedral Ceilings
  • LivingArea: 1808
  • Other Equipment: Ceiling Fan(s)
  • Room Type: Bedroom 5
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • OpenParkingSpaces: 2
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Lot Info

  • Lot Size Acres: 0.1146
  • Lot Dimensions: 25X130
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2024
Closed on
May 29, 2024
Sold by
Mary Jenkins Price Revocable Living Trus and Elmore Marlene
Bought by
Wearring Tanneshia S U Wilson-K
Seller's Agent
Chanan Dozier
Signature Realty Services
Buyer's Agent
Tavo Rubalcava
eXp Realty
List Price
$195,000
Sold Price
$198,000
Premium/Discount to List
$3,000
1.54%
Views
3606
Current Estimated Value
$256,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,233
Avg. Annual Appreciation
20.06%
Original Mortgage
$194,413
Outstanding Balance
$192,208
Interest Rate
7.63%
Mortgage Type
FHA
Estimated Equity
$64,025

Purchase Details

Closed on
May 4, 2016
Sold by
Price Mary J
Bought by
Price Mary Jenkins
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
Wearring Tanneshia S U Wilson-K $198,000 None Listed On Document
Price Mary Jenkins -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wearring Tanneshia S U Wilson-K $194,413
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2024 05/31/24 Sold $198,000 +1.5% $110 / Sq Ft
01/30/2024 01/30/24 Pending -- -- --
01/13/2024 01/13/24 For Sale $195,000 -- $108 / 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 $3,172 $19,500 $3,743 $15,757
2023 $3,053 $21,773 $4,991 $16,782
2022 $3,053 $21,773 $4,991 $16,782
2021 $2,226 $21,000 $4,991 $16,009
2020 $2,226 $12,288 $3,992 $8,296
2019 $0 $13,504 $3,992 $9,512
2018 $0 $13,504 $3,992 $9,512
2017 $0 $15,397 $3,493 $11,904
2016 $2,226 $15,397 $3,493 $11,904
2015 $408 $15,397 $3,493 $11,904
2014 $405 $13,615 $2,994 $10,621
2013 $406 $13,615 $2,994 $10,621
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11961211

Midwest Real Estate Data (MRED)

APN: 20-34-307-046-0000