NOT LISTED FOR SALE

8423 S Prairie Ave Chicago, IL 60619

Chatham Neighborhood

Estimated Value: $262,000 - $386,000

5 Beds
3 Baths
3,000 Sq Ft
$112/Sq Ft Est. Value

Last Sold December 27, 2022

Last sale price $343,000 $114 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,131/month

10 Days on Market

Highlights

  • 2 Car Detached Garage
  • Bungalow
  • Dining Room
  • Laundry Room
  • Central Air
  • 4-minute walk to Nat King Cole Park

About This Home

As of December 2022

Flawlessly Designed Oversized Bungalow With Fenced Backyard, Conveniently Located in a Well-Maintained Neighborhood, On A Beautiful, Quiet Block, With Close Access To Transportation, Shopping & Schools. Featuring 5 Bedrooms & 3 Baths. Beautiful, Sunny Living Room. Modern Bathrooms with Tub & Shower. Gleaming Hardwood Floors Thru-out Main Level, Stunning Custom Kitchen With 42" Shaker Gray Cabinets, Quartz Countertops & SS Appliances. Plenty Of Storage & Closet Space. Large Family Room in a Spacious, Walkout Basement, 2 Car Garage. Welcome the Holiday Season in Your New Dream Home!

Last Agent to Sell the Property

Scott Berg

Berg Properties License #475110440 Listed on: 11/04/2022

Last Buyer's Agent

Andre Mitchell

Keller Williams ONEChicago License #475157028

Keller Williams ONEChicago

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,425

Year Built

  • Built in 1938 | Remodeled in 2022

Lot Details

  • Lot Dimensions are 33x162

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Bungalow
  • Brick Exterior Construction

Interior Spaces

  • 3,000 Sq Ft Home
  • 1.5-Story Property
  • Wood Burning Fireplace
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Full Bathrooms

Finished Basement

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

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,425

Year Built

Built in 1938 | Remodeled in 2022

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1.5 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bungalow
  • New Construction: No
  • Property Sub-Type: 1.5 Story
  • Year Built: 1938
  • 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: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • LivingArea: 3000
  • Room Type: Bedroom 5
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

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: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Lot Info

  • Lot Dimensions: 33X162
  • 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: 2425.28
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2022
Closed on
Dec 22, 2022
Sold by
Remcon Incorporated
Bought by
Walker Derrick
Seller's Agent
Scott Berg
Berg Properties
Buyer's Agent
Andre Mitchell
Keller Williams ONEChicago
List Price
$339,900
Sold Price
$343,000
Premium/Discount to List
$3,100
0.91%
Views
1
Current Estimated Value
$335,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,079
Avg. Annual Appreciation
-0.73%
Original Mortgage
$336,787
Outstanding Balance
$325,818
Interest Rate
6.5%
Mortgage Type
FHA
Estimated Equity
$10,103

Purchase Details

Listed on
Apr 7, 2022
Closed on
Apr 26, 2022
Sold by
Cascade Funding Mortgage Trust Hb4
Bought by
Alien Remise
Seller's Agent
Ryan Smith
RE/MAX Premier
Buyer's Agent
Nicholas Trovas
Re/Max Properties
List Price
$85,000
Sold Price
$112,000
Premium/Discount to List
$27,000
31.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
526.39%

Purchase Details

Listed on
Apr 7, 2022
Closed on
Mar 23, 2022
Sold by
The Judicial Sales Corp
Bought by
Cascade Funding Mortgage Trust Hb4
Seller's Agent
Ryan Smith
RE/MAX Premier
Buyer's Agent
Nicholas Trovas
Re/Max Properties
List Price
$85,000
Sold Price
$112,000
Premium/Discount to List
$27,000
31.76%

Purchase Details

Closed on
Feb 23, 2022
Sold by
The Judicial Sales Corp
Bought by
Cascade Funding Mortgage Trust Hb4
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Walker Derrick $343,000 Altima Title
Alien Remise $112,000 None Listed On Document
Cascade Funding Mortgage Trust Hb4 -- --
Cascade Funding Mortgage Trust Hb4 -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walker Derrick $336,787
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/27/2022 12/27/22 Sold $343,000 +0.9% $114 / Sq Ft
11/15/2022 11/15/22 Pending -- -- --
11/04/2022 11/04/22 For Sale $339,900 +203.5% $113 / Sq Ft
05/18/2022 05/18/22 Sold $112,000 +31.8% $102 / Sq Ft View Prior Sale
04/14/2022 04/14/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $85,000 -24.1% $77 / Sq Ft
04/08/2022 04/08/22 Off Market $112,000 -- --
04/08/2022 04/08/22 For Sale $85,000 -24.1% $77 / Sq Ft
04/07/2022 04/07/22 Off Market $112,000 -- --
04/07/2022 04/07/22 For Sale $85,000 -- $77 / 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 $4,364 $32,001 $4,010 $27,991
2023 $4,936 $24,000 $5,346 $18,654
2022 $4,936 $24,000 $5,346 $18,654
2021 $4,826 $24,000 $5,346 $18,654
2020 $2,425 $10,887 $4,276 $6,611
2019 $349 $11,964 $4,276 $7,688
2018 $0 $11,964 $4,276 $7,688
2017 $192 $14,004 $3,742 $10,262
2016 $349 $14,004 $3,742 $10,262
2015 $335 $14,004 $3,742 $10,262
2014 $332 $13,390 $3,207 $10,183
2013 $334 $13,390 $3,207 $10,183
Source: Public Records

Agents Affiliated with this Home

  • Scott Berg

    Seller's Agent in 2022

    Scott Berg

    Berg Properties

    (773) 960-2462

    14 in this area

    581 Total Sales

    Scott Berg
    Section Image
  • Ryan Smith

    Seller's Agent in 2022

    Ryan Smith

    RE/MAX Premier

    (312) 810-9680

    10 in this area

    792 Total Sales

    Ryan Smith
    Section Image
  • Michael Havey

    Seller Co-Listing Agent in 2022

    Michael Havey

    RE/MAX Premier

    (708) 670-2268

    3 in this area

    164 Total Sales

    Michael Havey
    Section Image
  • Andre Mitchell

    Buyer's Agent in 2022

    Andre Mitchell

    Keller Williams ONEChicago

    (312) 414-3300

    17 in this area

    212 Total Sales

    Andre Mitchell
    Section Image

  • N

    Buyer's Agent in 2022

    Nicholas Trovas

    RE/MAX

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11667387

Midwest Real Estate Data (MRED)

APN: 20-34-310-018-0000

Illinois Cook County Chicago 60619 Chatham

8423 S Prairie Ave, Chicago, IL

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