NOT LISTED FOR SALE

8541 S Phillips Ave Chicago, IL 60617

South Chicago Neighborhood
12 Beds
3 Baths
-- Sq Ft
3,485 Sq Ft Lot

Sale Details

Date Sold: May 29, 2018

Last sale price $239,000

4 Days on Market

About This Home

As of May 2018

Great Investment Opportunity. Recently rehabbed and CHA approved 3 unit building in Southeast Chicago neighborhood. Each unit has 4 bedrooms, 1 bathroom, living room, kitchen, and laundry area. Furnace and hot water tank in each unit. 100% occupied. Full unfinished basement with potential to create additional unit. Being sold AS IS.

Last Agent to Sell the Property

Vickie Knight

Knight Realty LLC License #471017897 Listed on: 03/26/2018

Last Buyer's Agent

Damon Wilson

Keller Williams Preferred Rlty License #475168522

Keller Williams Preferred Rlty
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,330

Year Built

  • Built in 1921 | Remodeled in 2012

Lot Details

  • 3,485

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • 3,485 Sq Ft Lot

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,330

Year Built

Built in 1921 | Remodeled in 2012

Lot Details

3,485 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1921
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2012
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2012

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 12
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.08
  • Lot Dimensions: .09 ACRES
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 4329.66
  • Tax Year: 2017
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

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
Mar 26, 2018
Closed on
May 29, 2018
Sold by
Bought by
Seller's Agent
Vickie Knight
Knight Realty LLC
Buyer's Agent
Damon Wilson
Keller Williams Preferred Rlty
List Price
$239,000
Sold Price
$239,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,879
Outstanding Balance
$234,318
Interest Rate
5.75%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 28, 2017
Sold by
Bought by

Purchase Details

Closed on
Dec 29, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 18, 2008
Sold by
Bought by

Purchase Details

Closed on
Aug 18, 2008
Sold by
Bought by

Purchase Details

Closed on
Sep 21, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.32%
Mortgage Type
Unknown

Purchase Details

Closed on
May 3, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 29, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
9.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 10, 2000
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in South Chicago, IL

  • Lisa Foster Real Estate Agent - @properties Christie's International Real Estate

    Lisa Foster

    @properties Christie's International Real Estate

    (312) 313-5956

    120 Total Sales

    1 in South Chicago

    $160,000 Price

    Lisa Foster
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  • Laura Catrambone-Gerace Real Estate Agent - Coldwell Banker Stratford Place

    Laura Catrambone-Gerace

    Responds Quickly

    Coldwell Banker Stratford Place

    (224) 507-7159

    173 Total Sales

    1 in South Chicago

    $149,900 Price

    Laura Catrambone-Gerace
     Section Image
  • Kinga Korpacz Real Estate Agent - Exit Realty Redefined

    Kinga Korpacz

    Exit Realty Redefined

    (773) 492-8059

    243 Total Sales

    1 in South Chicago

    $225,825 Price

    Kinga Korpacz
     Section Image
  • Tameka Lewis-Madkins Real Estate Agent - Keller Williams Preferred Rlty

    Tameka Lewis-Madkins

    Keller Williams Preferred Rlty

    (224) 219-0117

    109 Total Sales

    2 in South Chicago

    $107K - $242K Price Range

    Tameka Lewis-Madkins
     Section Image
  • Mithil Patel Real Estate Agent - HomeSmart Realty Group

    Mithil Patel

    HomeSmart Realty Group

    (833) 691-0152

    200 Total Sales

    1 in South Chicago

    $145,000 Price

    Mithil Patel
     Section Image
  • Timothy Good Real Estate Agent - Keller Williams Preferred Rlty

    Timothy Good

    Keller Williams Preferred Rlty

    (708) 729-5961

    210 Total Sales

    1 in South Chicago

    $160,000 Price

    Timothy Good
     Section Image
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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
$239,000 First American Title
-- Attorney
$69,000 None Available
$63,000 First American Title
-- None Available
$325,000 None Available
$250,000 --
-- --
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $268,879
Previous Owner $260,000
Previous Owner $225,000
Previous Owner $138,750
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
05/29/2018 05/29/18 Sold $239,000 0.0% --
03/30/2018 03/30/18 Pending -- -- --
03/26/2018 03/26/18 For Sale $239,000 -- --
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 $4,220 $27,101 $2,813 $24,288
2024 $4,220 $27,101 $2,813 $24,288
2023 $4,114 $20,000 $3,750 $16,250
2022 $4,114 $20,000 $3,750 $16,250
2021 $4,022 $20,000 $3,750 $16,250
2020 $2,984 $13,394 $3,750 $9,644
2019 $3,093 $15,396 $3,750 $11,646
2018 $3,041 $15,396 $3,750 $11,646
2017 $4,654 $21,617 $3,375 $18,242
2016 $4,330 $21,617 $3,375 $18,242
2015 $3,961 $21,617 $3,375 $18,242
2014 $3,970 $21,400 $2,625 $18,775
2013 $3,892 $21,400 $2,625 $18,775
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2018

    Vickie Knight

    Knight Realty LLC

  • D

    Buyer's Agent in 2018

    Damon Wilson

    Keller Williams Preferred Rlty

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09895946

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60617 South Chicago

8541 S Phillips 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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