NOT LISTED FOR SALE

8434 S Colfax Ave Chicago, IL 60617

South Chicago Neighborhood

Estimated Value: $178,000 - $245,000

3 Beds
2 Baths
1,508 Sq Ft
$136/Sq Ft Est. Value

Last Sold October 15, 2015

Last sale price $125,000 $83 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $1,241/month

About This Home

As of May 2016

REDEVELOPED HOME AVAILABLE FOR RENT IN CHICAGO. 4 BEDROOM AND 2 BATHROOM. THERE IS REFINISHED HARDWOOD FLOORING AND FRESH PAINT THROUGHOUT THE HOME. THE BATHROOMS HAVE UPDATED FIXTURES AND CERAMIC TILE. THE KITCHEN HAS BLACK APPLIANCES, GRANITE COUNTERTOPS, AND MORE. THIS HOME ALSO INCLUDES A FINISHED BASEMENT AND A DETACHED TWO CAR GARAGE. SCHEDULE YOUR SHOWING TODAY. PROFESSIONALLY MANAGED WITH RENT TO OWN OPTION AVAILABLE.

Last Agent to Rent the Property

John Coakley

Vylla Home License #475175254 Listed on: 05/06/2016

Vylla Home

Last Renter's Agent

Yvette Phipps

Infiniti Properties, Inc. License #475133509

Infiniti Properties, Inc.

Property Details

Home Type

  • Other

Year Built

  • 1923

Lot Details

  • 4,704

Parking

  • Detached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Formal Dining Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Gas
  • Lake Michigan Water

Community Details

  • Pets Allowed

Property Details

Home Type

Other

Year Built

1923

Lot Details

4,704 Sq Ft Lot

Parking

2

Rental Info

  • Available: 06/01/2016
  • Lease Terms: Rent w/ Option
  • Monthly Lot Rental Included: Parking

Listing Details

  • Property Type: Residential Rental
  • Built Before 1978 (Y/N): Yes
  • Type Detached: 1.5 Story
  • Age: 91-100 Years
  • Special Features: None
  • Year Built: 1923

Interior Features

  • Number Of Rooms: 7
  • Basement: Full
  • Basement: Finished
  • Bedrooms All Levels: 4
  • Below Grade Bedrooms: 1
  • Master Bedroom Level: Main Level
  • Master Bedroom Size: 21X12
  • Second Bedroom Level: Main Level
  • Second Bedroom Size: 13X12
  • Third Bedroom Level: Main Level
  • Third Bedroom Size: 10X10
  • Fourth Bedroom Level: Basement
  • Fourth Bedroom Size: 10X10
  • Living Room Level: Main Level
  • Living Room Size: 16X19
  • Dining Room: Separate
  • Dining Room Level: Main Level
  • Dining Room Size: 13X16
  • Kitchen Level: Main Level
  • Kitchen Size: 18X13
  • Additional Rooms: No additional rooms

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes

Utilities

  • Cooling: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Max Pet Weight: 25
  • Pets Allowed: Yes
  • Pet Information: Additional Pet Rent, Cats OK, Dogs OK, Pet Weight Limitation

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 35X125

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2015
Closed on
Oct 15, 2015
Sold by
Mack Industries Ii Llc
Bought by
Russell Adrian R
Seller's Agent
Ayman Hanna
Oak Park Avenue Realty, LTD
Buyer's Agent
Elijah Reese
Serene Realty, Inc.
Sold Price
$1,475
Current Estimated Value
$204,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,119
Avg. Annual Appreciation
4.85%
Original Mortgage
$93,750
Outstanding Balance
$74,986
Interest Rate
4.62%
Mortgage Type
Stand Alone Second
Estimated Equity
$129,608

Purchase Details

Listed on
Sep 5, 2014
Closed on
May 13, 2015
Sold by
Chicago Patrolmen S Federal Credit Union
Bought by
Mack Industries Ii Llc
Seller's Agent
Naomi Campbell
Coldwell Banker Realty
Buyer's Agent
John Gutman
Gutman Real Estate
List Price
$25,900
Sold Price
$21,000
Premium/Discount to List
-$4,900
-18.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7653.35%

Purchase Details

Closed on
Jul 20, 2011
Sold by
Murray Solomon A and Murray Solomon
Bought by
Chicago Patrolmens Federal Credit Union

Purchase Details

Closed on
May 19, 2003
Sold by
Murray Solomon and Murray Margaret G
Bought by
Murray Solomon and Murray Margaret G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,047
Interest Rate
5.88%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 1, 2002
Sold by
Davis Duane B
Bought by
Murray Solomon and Orr Margaret G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,500
Interest Rate
7.23%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 30, 1998
Sold by
Thomas Drewinard T
Bought by
Davis Duane B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,082
Interest Rate
7.04%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 3, 1993
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Thomas Drewinard T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,180
Interest Rate
7.25%
Mortgage Type
Assumption
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Russell Adrian R $125,000 Mgr
Mack Industries Ii Llc $21,000 Fidelity National Title
Chicago Patrolmens Federal Credit Union -- Premier Title
Murray Solomon -- 1St American Title
Murray Solomon -- 1St American Title
Murray Solomon $122,500 --
Davis Duane B $90,000 Professional National Title
Thomas Drewinard T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Russell Adrian R $93,750
Previous Owner Murray Solomon $123,047
Previous Owner Murray Solomon $120,500
Previous Owner Davis Duane B $89,082
Previous Owner Thomas Drewinard T $68,180
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/23/2016 05/23/16 Rented $1,475 0.0% --
05/09/2016 05/09/16 Under Contract -- -- --
05/06/2016 05/06/16 For Rent $1,475 0.0% --
11/30/2015 11/30/15 Rented $1,475 0.0% --
11/01/2015 11/01/15 Under Contract -- -- --
10/16/2015 10/16/15 For Rent $1,475 0.0% --
10/15/2015 10/15/15 Sold $125,000 -13.8% $60 / Sq Ft View Prior Sale
07/07/2015 07/07/15 Pending -- -- --
06/03/2015 06/03/15 For Sale $145,000 +590.5% $69 / Sq Ft
05/18/2015 05/18/15 Sold $21,000 -18.9% $13 / Sq Ft View Prior Sale
05/07/2015 05/07/15 Pending -- -- --
04/16/2015 04/16/15 For Sale $25,900 0.0% $16 / Sq Ft
04/08/2015 04/08/15 Price Changed $25,900 -25.8% $16 / Sq Ft
03/04/2015 03/04/15 Pending -- -- --
01/20/2015 01/20/15 Price Changed $34,900 -12.5% $22 / Sq Ft
11/06/2014 11/06/14 Price Changed $39,900 -20.0% $25 / Sq Ft
09/05/2014 09/05/14 For Sale $49,900 -- $31 / Sq Ft
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 $2,254 $13,600 $3,515 $10,085
2024 $2,254 $13,600 $3,515 $10,085
2023 $2,176 $14,000 $4,687 $9,313
2022 $2,176 $14,000 $4,687 $9,313
2021 $2,146 $14,000 $4,687 $9,313
2020 $1,815 $11,250 $4,687 $6,563
2019 $1,822 $12,500 $4,687 $7,813
2018 $1,791 $12,500 $4,687 $7,813
2017 $2,018 $12,751 $4,218 $8,533
2016 $2,054 $12,751 $4,218 $8,533
2015 $1,856 $12,751 $4,218 $8,533
2014 $1,684 $11,647 $3,280 $8,367
2013 -- $11,647 $3,280 $8,367
Source: Public Records

Agents Affiliated with this Home

  • J

    Landlord's Agent in 2016

    John Coakley

    Vylla Home

    (708) 778-1516

    John Coakley
    Section Image

  • Y

    Tenant's Agent in 2016

    Yvette Phipps

    Infiniti Properties, Inc.

    (773) 297-0944

    1 in this area

    49 Total Sales

    Yvette Phipps
    Section Image

  • A

    Seller's Agent in 2015

    Ayman Hanna

    Oak Park Avenue Realty, LTD

  • J

    Seller's Agent in 2015

    John Gutman

    Vylla Home

    Section Image
  • Naomi Campbell

    Seller's Agent in 2015

    Naomi Campbell

    Coldwell Banker Realty

    (847) 370-5065

    171 Total Sales

    Naomi Campbell
    Section Image
  • Elijah Reese

    Buyer's Agent in 2015

    Elijah Reese

    Serene Realty, Inc.

    (312) 848-2947

    4 in this area

    157 Total Sales

    Elijah Reese
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09218372

Midwest Real Estate Data (MRED)

APN: 21-31-311-035-0000

Illinois Cook County Chicago 60617 South Chicago

8434 S Colfax Ave, Chicago, IL

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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