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8031 S Michigan Ave, Chicago, IL, 60619

$350,000

Home List Price

$4,156*

Closing Credit

3 Bedrooms
3 Full Baths
2,400 SqFt
$146/SqFt
House
Schools Nearby

Location

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8031 S Michigan Ave, Chicago$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Garage2 spaces
Year Built1921
HeatingElectric, Forced Air
CoolingCentral Air
BasementYes
FireplaceElectric
MLS #12024490
StatusAccepting Backup Offers
(Contingent)

About 8031 S Michigan Ave

This stunning property, boasting high-end finishes, has been thoroughly updated with new plumbing and electrical. This wonderful Chicago-style bungalow, nestled in the desirable Chatham neighborhood features a tastefully rehabbed open floor plan with four bedrooms and three full bathrooms. Hardwood floors add charm to the main floor which hosts a living room with a fireplace, a primary suite with a stunning bathroom and another bedroom and full bath. The gourmet kitchen with porcelain tile, showcases solid white Shaker cabinetry, new stainless steel appliances and a huge island. The lower level, equipped with luxury vinyl planks, provides a spacious entertaining area, a bedroom, bathroom and lots of extra storage. The second floor adds another bedroom with a spacious multi-use area. Other updates include new windows, HVAC system, garage door opener, and new roof. The home also offers a lovely backyard, a 2.5 car garage and is situated just minutes from shopping, parks, schools, a train station, and easy highway and bus access. This wonderful home is ready for FHA, VA, and conventional loan buyers. It's a home completely remodeled and ready for you. A preferred lender offers a reduced interest rate for this listing.

Property Details

Property Features

Property Information:

  • Year Built: 1921
  • Living Area: 2,400 SqFt

Listing Office:

  • Office Name: Redfin Corporation
  • Office Phone: (312) 836-4263
  • Listing Agent: Kellye Jackson

Interior Features

Interior Information:

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Stainless Steel Appliance(s), Range Hood
  • Basement: Yes
  • Interior: Hardwood Floors, First Floor Bedroom, First Floor Full Bath, Walk-In Closet(s)
  • Fireplace: Electric

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No

Virtual/3D Tour

  • 3D Tour: 8031 S Michigan Ave

3D Tour

Utilities

Utilities Information:

  • Heating: Electric, Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Ruggles Elementary School, Public District Grades KG-8

Other

Directions Information:

  • Directions: E 81st ST, S MICHIGAN AVE

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000
  • Price Per SqFt: $146/SqFt

Tax Information:

  • Annual Amount: $1,899
  • 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

8031 S Michigan Ave vs Chicago

20 DAYS ON ROCKET

-20 Days

$350,000

+$3.5K More

$146/SqFt

-$101 Less

KEY TAKEAWAY

This property is $3.5K more than the Median Sold Price and $101/SqFt less than other homes in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12024490

Listing Office:

  • Office Name: Redfin Corporation
  • Office Phone: (312) 836-4263
  • Listing Agent: Kellye Jackson

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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The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

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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: 4/30/2024, 12:45:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2019$1,899$13,567
2018$1,865$13,567
2017$1,179$14,321

History based on county public records data.

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30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-3501968
2
/10

  • Ruggles Elementary School

  • 7831 S Prairie Ave

  • 0.30 miles

  • Public District Grades KG-8

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,000. The most common annual income of people living in Chicago, IL is less than $35k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8031 S Michigan Ave

What is the listing price of this property?

The listing price of 8031 S Michigan Ave property is $350,000.

What type of property is this?

The property 8031 S Michigan Ave is a house located in Chicago, Illinois, 60619.

Is this property for sale now?

Accepting Backup Offers: 8031 S Michigan 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 8031 S Michigan Ave are:
Ruggles Elementary School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $1,899 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 8031 S Michigan Ave has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 8031 S Michigan Ave is 2,400 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8031 S Michigan Ave is 1921.

Rocket Homes›Illinois›Cook County›Chicago›60619›8031 S Michigan Ave

This home is located at 8031 S Michigan Ave in Chicago, IL and zip code 60619 in the Far Southeast Side neighborhood. This 2,400 square foot home was built in 1921. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 09, 2024 and is currently priced at $350,000.

In March 2024 more than 612 listings in Chicago, IL were sold above the asking price. During the same period more than 317 listings were sold at asking price, while more than 916 were sold below. The number of homes for sale 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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