Seller's Agent in 2023
William Bates Jr
EXIT Strategy Realty
(773) 297-2871
3 in this area
27 Total Sales
8438 S Prairie Ave Chicago, IL 60619
Chatham NeighborhoodEstimated Value: $173,000 - $257,000
3
Beds
2
Baths
1,614
Sq Ft
$134/Sq Ft
Est. Value
Highlights
- Cape Cod Architecture
- Gallery
- 2 Car Detached Garage
- Loft
- Formal Dining Room
- 3-minute walk to Nat King Cole Park
About This Home
As of July 2023Excellent Opportunity for Investors or Home Buyers to add value through updating this three-bedroom, two-bathroom Cape Cod-style house located in the desirable Chatham neighborhood. When you enter the home, you are welcomed by a spacious living room with an adjoining dining room large enough to host family gatherings. There is a galley kitchen which opens up into a cozy family room complete with a wood-burning fireplace. The family room leads to a peaceful backyard retreat complete with a large deck. The two-car garage has a "party door" which opens to the backyard. In addition, the first floor features a gallery with a skylight and a bedroom with an adjoining full bathroom. The second floor contains an open loft area, two spacious bedrooms, and a full bathroom. For additional living or recreation space, there is a full basement which is partially finished. The home is being offered "as-is" with some updates needed. Seller will not make any repairs.
Last Agent to Sell the Property
EXIT Strategy Realty License #475104665 Listed on: 01/31/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,424
Year Built
- Built in 1941
Lot Details
- 5,358
Parking
- 2 Car Detached Garage
- Parking Included in Price
Home Design
- Cape Cod Architecture
- Brick Exterior Construction
Interior Spaces
- 1,614 Sq Ft Home
- 2-Story Property
- Wood Burning Fireplace
- Family Room with Fireplace
- Living Room
- Formal Dining Room
- Loft
- Gallery
- Partially Finished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Dishwasher
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Electric Dryer Hookup
Utilities
- Central Air
- Heating System Uses Natural Gas
- Lake Michigan Water
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 31, 2023
Closed on
Jul 31, 2023
Sold by
Chicago Title Land Trust Company
Bought by
Nabors Marcia R
Seller's Agent
William Bates Jr
EXIT Strategy Realty
Buyer's Agent
Chon Lemon
Real People Realty
List Price
$175,000
Sold Price
$150,000
Premium/Discount to List
-$25,000
-14.29%
Views
52
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,303
Avg. Annual Appreciation
17.75%
Original Mortgage
$166,316
Outstanding Balance
$161,911
Interest Rate
5.99%
Mortgage Type
FHA
Estimated Equity
$54,392
Purchase Details
Closed on
May 31, 2002
Sold by
Walden Ward Sr Alexander Wesley and Walden Ward Jean Elizabeth
Bought by
Chicago Title Land Trust Company and Trust #1110919
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nabors Marcia R | $150,000 | Chicago Title | |
| Chicago Title Land Trust Company | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nabors Marcia R | $166,316 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/31/2023 07/31/23 | Sold | $150,000 | -14.3% | $93 / Sq Ft |
| 04/29/2023 04/29/23 | Pending | -- | -- | -- |
| 01/31/2023 01/31/23 | For Sale | $175,000 | -- | $108 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $4,642 | $17,301 | $4,010 | $13,291 |
| 2023 | $4,525 | $22,000 | $5,346 | $16,654 |
| 2022 | $4,525 | $22,000 | $5,346 | $16,654 |
| 2021 | $4,424 | $22,000 | $5,346 | $16,654 |
| 2020 | $3,013 | $13,525 | $4,276 | $9,249 |
| 2019 | $2,986 | $14,863 | $4,276 | $10,587 |
| 2018 | $2,936 | $14,863 | $4,276 | $10,587 |
| 2017 | $3,620 | $16,814 | $3,742 | $13,072 |
| 2016 | $3,368 | $16,814 | $3,742 | $13,072 |
| 2015 | $3,081 | $16,814 | $3,742 | $13,072 |
| 2014 | $2,843 | $15,322 | $3,207 | $12,115 |
| 2013 | $2,787 | $15,322 | $3,207 | $12,115 |
Source: Public Records
Agents Affiliated with this Home
-
William Bates Jr
-
Chon Lemon
Buyer's Agent in 2023
Chon Lemon
Real People Realty
(312) 363-8817
1 in this area
17 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11709930
APN: 20-34-309-030-0000
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