NOT LISTED FOR SALE

8948 S Exchange Ave Chicago, IL 60617

South Chicago Neighborhood

Estimated Value: $173,000

4 Beds
3 Baths
-- Sq Ft
3,485 Sq Ft Lot Lot

Sale Details

Date Sold: May 1, 2020

Last sale price $29,000

Est. 497% increase in value since last sale

Current estimated payment $978 / mo

89 Days on Market

About This Home

As of May 2020

home sits on 2 pins. CLASSIC BRICK 2 FLAT, SOLD AS-IS AND READY FOR A NEW FAMILY. THIS HOME IS BEING SOLD AS-IS BUT IS NOT BANK OWNED AND NOT A SHORT SALE. LOCALLY OWNED AND MOTIVATED TO SELL. PLEASE INSPECT PRIOR TO SUBMITTING AN OFFER. PLEASE NOTE: 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. SPECIAL WARRANTY DEED AT CLOSING. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER DOCUMENTS

Last Agent to Sell the Property

Timothy Gray

The Chicagoland RE Auction Co. License #471003700 Listed on: 11/10/2019

Last Buyer's Agent

Silvia Sanchez

Right Realty Group License #475186337

Property Details

Home Type

  • Multi-Family

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 25x125
  • Additional Parcels

Home Design

  • Frame Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

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
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.08
  • Lot Dimensions: 25X125
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 2466.06
  • Tax Year: 2017

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 12, 2022
Sold by
Ruiz Eloy
Bought by
Pipkins Darren and Heard Lashawn
Current Estimated Value
$173,000

Purchase Details

Closed on
Feb 7, 2020
Sold by
Wheeler Financial Inc
Bought by
Ruiz Eloy

Purchase Details

Closed on
Aug 21, 2019
Sold by
County Of Cook
Bought by
Wheeler Financial Inc
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
Pipkins Darren $360,000 None Listed On Document
Ruiz Eloy $29,000 First American Title
Wheeler Financial Inc -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2020 05/01/20 Sold $29,000 -6.5% --
02/07/2020 02/07/20 Pending -- -- --
02/06/2020 02/06/20 Price Changed $31,000 -4.6% --
01/31/2020 01/31/20 Price Changed $32,500 -5.8% --
01/30/2020 01/30/20 Price Changed $34,500 -8.0% --
01/24/2020 01/24/20 For Sale $37,500 0.0% --
12/27/2019 12/27/19 Pending -- -- --
12/19/2019 12/19/19 Price Changed $37,500 -9.6% --
12/11/2019 12/11/19 Price Changed $41,500 -4.6% --
12/03/2019 12/03/19 Price Changed $43,500 -12.1% --
11/25/2019 11/25/19 Price Changed $49,500 -5.7% --
11/18/2019 11/18/19 Price Changed $52,500 -11.0% --
11/10/2019 11/10/19 For Sale $59,000 -- --
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 $807 $3,050 $2,606 $444
2024 $807 $3,050 $2,606 $444
2023 $787 $3,818 $3,475 $343
2022 $787 $3,818 $3,475 $343
2021 $770 $3,817 $3,475 $342
2020 $852 $3,817 $3,475 $342
2019 $769 $3,817 $3,475 $342
2018 $756 $3,817 $3,475 $342
2017 $748 $3,469 $3,127 $342
2016 $696 $3,469 $3,127 $342
2015 $637 $3,469 $3,127 $342
2014 $500 $2,687 $2,345 $342
2013 $490 $2,687 $2,345 $342
Source: Public Records

Agents Affiliated with this Home

  • Timothy Gray

    Seller's Agent in 2020

    Timothy Gray

    The Chicagoland RE Auction Co.

    (312) 953-1498

    8 in this area

    293 Total Sales

    Timothy Gray
    Section Image
  • Silvia Sanchez

    Buyer's Agent in 2020

    Silvia Sanchez

    Right Realty Group

    (773) 558-2150

    12 Total Sales

    Silvia Sanchez
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10570895

Midwest Real Estate Data (MRED)

APN: 26-06-215-039-0000

Illinois Cook County Chicago 60617 South Chicago

8948 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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