8554 S Michigan Ave Chicago, IL 60619
Chatham Neighborhood
3
Beds
1.5
Baths
1,350
Sq Ft
--
Built
Highlights
- 2 Car Detached Garage
- 1-Story Property
- Central Air
About This Home
As of May 2025Attention Investors!!!!! Charming Chatam brick raised ranch with 3 bedrooms and 1.5 bathrooms, located directly across the street from Neil Elementary School. Features include well-kept hardwood flooring, generous living, dining, and kitchen areas with a possible open kitchen concept, a spacious basement with lots of potential. Main bathroom needs rehab work. This could be a light priced right! Do not miss out on this great investment opportunity. Seller prefers cash deals,203 K, or hard money financing. Located on a lovely block, this property will not last!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,086
Lot Details
- Lot Dimensions are 25x125
Parking
- 2 Car Detached Garage
Home Design
- Brick Exterior Construction
Interior Spaces
- 1,350 Sq Ft Home
- 1-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
Utilities
- Central Air
- Heating System Uses Natural Gas
- Lake Michigan Water
- Mechanical Septic System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 20, 2025
Closed on
May 27, 2025
Sold by
Remcon Incorporated
Bought by
Pye Gordon
Seller's Agent
Scott Berg
Berg Properties
Buyer's Agent
DJ Peoples
Keller Williams ONEChicago
List Price
$345,000
Sold Price
$330,000
Premium/Discount to List
-$15,000
-4.35%
Views
74
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.04%
Original Mortgage
$324,022
Outstanding Balance
$324,022
Interest Rate
6.83%
Mortgage Type
FHA
Estimated Equity
$1,940
Purchase Details
Listed on
Jul 19, 2024
Closed on
Aug 12, 2024
Sold by
Williamson Clarence B
Bought by
Remcon Inc
Seller's Agent
Anita Gee
Gee Exclusive Realty Group
Buyer's Agent
Anita Gee
Gee Exclusive Realty Group
List Price
$175,000
Sold Price
$151,000
Premium/Discount to List
-$24,000
-13.71%
Views
32
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
172.46%
Similar Homes in Chicago, IL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $330,000 | None Listed On Document | |
| Warranty Deed | $151,000 | Old Republic Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $324,022 | FHA | |
| Previous Owner | $148,014 | FHA | |
| Previous Owner | $50,000 | Stand Alone Second | |
| Previous Owner | $105,000 | Unknown | |
| Previous Owner | $24,000 | Stand Alone Second |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | Sold | $330,000 | -4.3% | $114 / Sq Ft |
| 04/01/2025 04/01/25 | Pending | -- | -- | -- |
| 03/20/2025 03/20/25 | For Sale | $345,000 | +128.5% | $119 / Sq Ft |
| 08/19/2024 08/19/24 | Sold | $151,000 | -13.7% | $112 / Sq Ft |
| 07/27/2024 07/27/24 | Pending | -- | -- | -- |
| 07/19/2024 07/19/24 | For Sale | $175,000 | -- | $130 / 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 | $4,191 | $16,900 | $4,560 | $12,340 |
| 2023 | $4,086 | $19,864 | $6,080 | $13,784 |
| 2022 | $4,086 | $19,864 | $6,080 | $13,784 |
| 2021 | $4,424 | $22,000 | $6,080 | $15,920 |
| 2020 | $3,032 | $13,609 | $4,864 | $8,745 |
| 2019 | $3,005 | $14,955 | $4,864 | $10,091 |
| 2018 | $2,954 | $14,955 | $4,864 | $10,091 |
| 2017 | $3,555 | $16,516 | $4,256 | $12,260 |
| 2016 | $3,308 | $16,516 | $4,256 | $12,260 |
| 2015 | $3,026 | $16,516 | $4,256 | $12,260 |
| 2014 | $2,570 | $13,854 | $3,648 | $10,206 |
| 2013 | $1,700 | $13,854 | $3,648 | $10,206 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Berg
Seller's Agent in 2025
Scott Berg
Berg Properties
(773) 960-2462
15 in this area
588 Total Sales
-
DJ Peoples
Buyer's Agent in 2025
DJ Peoples
Keller Williams ONEChicago
(312) 257-8297
11 in this area
174 Total Sales
-
Anita Gee
Seller's Agent in 2024
Anita Gee
Gee Exclusive Realty Group
(312) 714-5188
2 in this area
56 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12115738
APN: 20-34-313-058-0000
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