28 days on rocket

Address Not Disclosed - MLS#12020593, Chicago, IL, 60615

$625,000

Home List Price

$7,422*

Closing Credit

7 Bedrooms
5 Full Baths, 1 Partial
5,500 SqFt
$114/SqFt
House
Schools Nearby

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Address Not Disclosed$625,000

Buyer Closing Credits

$7,422*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOff Alley, Off Street, Driveway, Alley Access, Carriage House, Expandable, Storage
Garage4 spaces
Year Built1880
HeatingNatural Gas
CoolingNone
BasementYes
FireplaceWood Burning, Decorative, More than one
MLS #12020593
Lot Size0.44 Acres
StatusActive

About This Home

**Captivating Investment Opportunity: 1880's Victorian & Brick Coach House** Welcome to a rare gem in the Kenwood/Hyde Park Community. Nestled on a sprawling 19,000+ square feet lot, this property presents an exceptional investment opportunity for savvy investors seeking prime real estate for development. **Property Highlights:** - **Historic Charm:** Built in the 1880s, the Victorian residence exudes timeless elegance, while the brick Coach House adds character and versatility to the property. - **Expansive Lot:** Spanning over 19,000 square feet, this sizable lot boasts a length of 284 feet, offering ample space for various development possibilities. - **Premier Location:** Situated in a coveted location, the property enjoys easy access to major amenities, renowned schools, and vibrant entertainment hubs, making it an ideal choice for prospective buyers. - **Alley Access:** With alley access on the entire east side and north end of the lot, developers have the convenience of easy ingress and egress for construction purposes, enhancing the appeal for potential projects. **Development Potential:** The generous lot size and strategic location make this property an excellent canvas for development projects such as: - **Row-Homes:** With the lot's dimensions, there's potential for the creation of row-homes, catering to the demand for upscale urban living. - **Condo Building:** Explore the possibility of constructing a modern condo building, offering luxury residences that capitalize on the area's desirability. - **Multi-Unit Development:** Utilize the vast space to develop a multi-unit residential complex, accommodating the growing demand for rental properties in the area. **Property Details:** - **Victorian Residence:** Offering approximately 5500 square feet of living space, the Victorian residence awaits restoration, presenting an opportunity to breathe new life into its historic charm. - **Brick Coach House:** Comprising approximately 3000 square feet, the Coach House provides additional space and potential for renovation or repurposing to suit your vision. **Renovation Opportunity:** While the Victorian and Coach House are in need of renovation, this presents a blank canvas for investors to reimagine and revitalize these structures, adding significant value to the property. **Don't Miss Out:** Rarely does an opportunity of this caliber present itself. Whether you're an experienced developer or an investor seeking to diversify your portfolio, this property offers endless potential and promises substantial returns on investment. Contact us today to schedule a viewing and unlock the possibilities that await with this remarkable real estate opportunity.

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1880
  • Living Area: 5,500 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (773) 451-1200
  • Listing Agent: Paulette Edwards

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Hardwood Floors, First Floor Laundry, Second Floor Laundry, Built-in Features, Walk-In Closet(s), Ceiling - 10 Foot, Historic/Period Mlwk, Special Millwork, Separate Dining Room, Pantry, Plaster
  • Fireplace: Wood Burning, Decorative, More than one

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Total Bedroom Count: 7

Exterior Features

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: No
  • Parking: Off Alley, Off Street, Driveway, Alley Access, Carriage House, Expandable, Storage

Lot Features

Lot Information:

  • Lot Size: 0.44 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: None

School Info

Assigned Schools Information:

  • Sherman Elementary School, Public District Grades PK-8

Price Information

Listing Price Info

Price Summary:

  • List Price: $625,000
  • Price Per SqFt: $114/SqFt

Tax Information:

  • Annual Amount: $44,469
  • 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

$349K

Med. Price/SqFt

$250

Avg. Days On Market

33

# of Sold Homes

2268

This property vs Chicago

28 DAYS ON ROCKET

-5 Days

$625,000

+$275.9K More

$114/SqFt

-$136 Less

KEY TAKEAWAY

This property is $275.9K more than the Median Sold Price and $136/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: #12020593

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (773) 451-1200
  • Listing Agent: Paulette Edwards

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: 5/2/2024, 10:15:38 PM 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$44,469$221,334
2018$43,720$221,334
2017$32,681$157,890

History based on county public records data.

Payment Calculator

$3,187

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,940

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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-5043116
1
/10

  • Sherman Elementary School

  • 1000 W 52nd St

  • 0.26 miles

  • Public District Grades PK-8

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $17,766. The most common annual income of people living in Chicago, IL is less than $35k. The most common type of family is single, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Illinois›Cook County›Chicago›60615›Address Not Disclosed

This 5,500 square foot home, which was built in 1880, sits on a 0.44 acre lot. Features: 7 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since April 04, 2024 and is currently priced at $625,000.

While more than 867 listings in Chicago, IL in April 2024 were sold above asking price, there were more than 378 listings sold at asking price, and more than 1023 were sold below. The number of listings in Chicago, IL increased by 18.4% between March 2024 and April 2024. Listings spent 33 days on the market in April 2024, and had a median list price of $349,097 during the same period.

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

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