19 days on rocket

Backup Offers

7047 N Olcott Ave, Chicago, IL, 60631

$549,900

Home List Price

$6,530*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,650 SqFt
$333/SqFt
House
Schools Nearby

Location

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7047 N Olcott Ave, Chicago$549,900

Buyer Closing Credits

$6,530*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Attached Garage3 spaces
Year Built1939
HeatingNatural Gas
CoolingCentral Air
BasementYes
MLS #12024619
StatusAccepting Backup Offers
(Contingent)

About 7047 N Olcott Ave

Premier location in Edison Park. Step into this inviting Georgian home where a welcoming foyer sets the tone for charm. A spacious, sunlit living room awaits, complete with a cozy fireplace for those chilly evenings. Entertain with ease in the formal dining room, adorned with Levelor cordless blinds for added elegance. The heart of the home lies in the eat-in kitchen, offering convenient access to the patio, perfect for al fresco dining or morning coffee. Upstairs, three generously sized bedrooms await, alongside an updated full bath, ensuring comfort and convenience for all. Descend to the partially finished basement, where a versatile rec room, laundry room, and ample storage space await, with backyard access for seamless outdoor enjoyment. Outside, discover a vast, expansive backyard punctuated by a charming paver patio, offering endless possibilities for relaxation and entertainment. This home boasts a one-car attached garage and an additional two-car detached garage providing ample parking and storage options. Sleek hardwood flooring throughout adds a touch of sophistication, while recent updates, including new stairs and front walkway in 2018 and a new roof and gutters in 2023, ensure peace of mind for years to come. Ideally located near Brooks (Oscar) Park, as well as dining, shopping, and public transportation, this home offers the perfect blend of comfort, style, and convenience in a prime location.

Property Details

Property Features

Property Information:

  • Architectural Style: Georgian
  • Year Built: 1939
  • Living Area: 1,650 SqFt

Listing Office:

  • Office Name: @properties Christie's International Real Estate
  • Office Phone: (847) 832-0002
  • Listing Agent: Vittoria Logli

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Taft High School, Public District Grades 9-12
  • Ebinger Elementary School, Public District Grades KG-8

Other

Directions Information:

  • Directions: Touhy to Olcott south to home

Price Information

Listing Price Info

Price Summary:

  • List Price: $549,900
  • Price Per SqFt: $333/SqFt

Tax Information:

  • Annual Amount: $8,037
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

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Chicago, IL

City

Med. Sold Price

$346.4K

Med. Price/SqFt

$246

Avg. Days On Market

40

# of Sold Homes

1846

7047 N Olcott Ave vs Chicago

19 DAYS ON ROCKET

-21 Days

$549,900

+$203.4K More

$333/SqFt

+$86 More

KEY TAKEAWAY

This property is $203.4K more than the Median Sold Price and $86/SqFt more than other homes in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12024619

Listing Office:

  • Office Name: @properties Christie's International Real Estate
  • Office Phone: (847) 832-0002
  • Listing Agent: Vittoria Logli

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 6:15:21 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 23, 2012Home Sold
$254,500

Tax History

YEARPROP. TAXASSESSMENT
2019$8,037$43,434
2018$7,901$43,434
2017$7,062$36,183

History based on county public records data.

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$2,812

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4324153
9
/10

  • Ebinger Elementary School

  • 7350 W Pratt Ave

  • 0.37 miles

  • Public District Grades KG-8

High School

school-card-donut-4324154
7
/10

  • Taft High School

  • 6530 W Bryn Mawr Ave

  • 2.05 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $117,045. Residents of Chicago, IL typically earn between $100k-200k each year. Most families are married, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7047 N Olcott Ave

What is the listing price of this property?

The listing price of 7047 N Olcott Ave property is $549,900.

What type of property is this?

The property 7047 N Olcott Ave is a house located in Chicago, Illinois, 60631.

Is this property for sale now?

Accepting Backup Offers: 7047 N Olcott Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 7047 N Olcott Ave are:
Ebinger Elementary School: GreatSchools Rating 9/10
Taft High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $8,037 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 23, 2012 for $254,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7047 N Olcott Ave has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 7047 N Olcott Ave is 1,650 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7047 N Olcott Ave is 1939.

Rocket Homes›Illinois›Cook County›Chicago›60631›7047 N Olcott Ave

This home is located at 7047 N Olcott Ave in Chicago, IL and zip code 60631 in the Edison Park neighborhood. This 1,650 square foot home was built in 1939. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 12, 2024 and is currently priced at $549,900.

Over 612 listings were sold over their listed price in March 2024 in Chicago, IL. In the same period over 916 listings were sold below the listed price and 317 listings were sold for the listed price. The number of listings in Chicago, IL increased by 21.5% between February 2024 and March 2024. Listings spent 40 days on the market in March 2024, and had a median list price of $346,470 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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