NOT LISTED FOR SALE

8501 S Exchange Ave Chicago, IL 60617

South Chicago Neighborhood

Estimated Value: $98,000 - $126,000

5 Beds
2 Baths
969 Sq Ft
$115/Sq Ft Est. Value

Sale Details

Date Sold: August 18, 2020

Last sale price $72,100 $74 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $714 / mo

4 Days on Market

About This Home

As of August 2020

Great opportunity for investors. Nice corner home. ARV $220k. Brand new furnace installed. 20 mins from downtown Chicago and 10 mins or less away from Jackson Park where the soon to be Obama Library is coming, Lake Front, Tiger Woods golf course, Japanese garden, Jackson Park Inner Harbor, The Museum Of Science & Industry and La Rabida Children's Hospital.

Last Agent to Sell the Property

Loraine Weatherspoon

Realty of America, LLC License #475175639 Listed on: 07/10/2020

Realty of America, LLC

Last Buyer's Agent

Eric Berger

Berger & Co. Realtors Ltd License #471004048

Home Details

Home Type

  • Single Family

Year Built

  • 1960

Lot Details

  • 2,614

Home Design

  • Brick Exterior Construction

Unfinished Basement

  • English Basement
  • Finished Basement Bathroom

Location

  • Property is near bus stop

Utilities

  • Heating System Uses Gas
  • Lake Michigan Water

Home Details

Home Type

Single Family

Year Built

1960

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Age: 51-60 Years
  • Full Bathrooms: 2
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2
  • Type Detached: 1 Story
  • Estimated Year Built: 1960
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1960

Interior Features

  • Number Of Rooms: 7
  • Living Room: Dimensions: 14X15, On Level: Main Level
  • Basement: English
  • Basement: Unfinished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 5
  • Below Grade Bedrooms: 2
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 10X10, On Level: Lower
  • Kitchen Type: Dimensions: 15X20, On Level: Main Level
  • Additional Rooms: 5th Bedroom
  • Master Bedroom: Dimensions: 12X10, On Level: Main Level
  • Additional Room 1 Name: 5th Bdrm, Dimensions: 15X14, On Level: Basement
  • Bedroom 2: Dimensions: 12X10, On Level: Main Level
  • Bedroom 3: Dimensions: 12X10, On Level: Main Level
  • Bedroom 4: Dimensions: 15X14, On Level: Basement
  • Estimated Sq Ft: 969

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick
  • Acreage: 0.067

Utilities

  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Assessed Sq Ft: 969

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 25X125
  • Parcel Identification Number: 21314190010000

Tax Info

  • Taxes: 1917.05

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2020
Closed on
Aug 17, 2020
Sold by
Bought by
Seller's Agent
Loraine Weatherspoon
Realty of America, LLC
Buyer's Agent
Eric Berger
Berger & Co. Realtors Ltd
List Price
$69,999
Sold Price
$72,100
Premium/Discount to List
$2,101
3%
Current Estimated Value
$111,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,246
Avg. Annual Appreciation
7.71%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$72,500 Old Republic Title
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/18/2020 08/18/20 Sold $72,100 +3.0% $74 / Sq Ft
07/14/2020 07/14/20 Pending -- -- --
07/10/2020 07/10/20 For Sale $69,999 -- $72 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,371 $6,500 $2,176 $4,324
2024 $1,371 $6,500 $2,176 $4,324
2023 $1,337 $6,500 $2,901 $3,599
2022 $1,337 $6,500 $2,901 $3,599
2021 $1,307 $6,500 $2,901 $3,599
2020 $1,606 $7,210 $2,901 $4,309
2019 $1,950 $9,705 $2,901 $6,804
2018 $1,917 $9,705 $2,901 $6,804
2017 $2,391 $11,108 $2,610 $8,498
2016 $2,225 $11,108 $2,610 $8,498
2015 $2,036 $11,108 $2,610 $8,498
2014 $1,794 $9,667 $2,030 $7,637
2013 $1,758 $9,667 $2,030 $7,637
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Loraine Weatherspoon

    Realty of America, LLC

    (773) 633-2369

    26 Total Sales

    Loraine Weatherspoon
    Section Image

  • E

    Buyer's Agent in 2020

    Eric Berger

    Berger & Co. Realtors Ltd

    (773) 396-2534

    4 in this area

    40 Total Sales

    Eric Berger
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10776912

Midwest Real Estate Data (MRED)

APN: 21-31-419-001-0000

Illinois Cook County Chicago 60617 South Chicago

8501 S Exchange Ave, Chicago, IL

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) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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