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  • $339,000

    3707 S Michigan Ave, Chicago, IL 60653

    6beds
    --sqft
    Multi Family
    Built in 1948
    -- sqft lot
    $404,600 Zestimate®
    $--/sqft
    $1,876 Estimated rent

    Home value

    $404,600

    $372,000 - $437,000

    $1,876/mo

    Zestimate® history
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    $2,385/mo

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    $2,385/mo

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    What's special

    DON'T MISS AN OPPORTUNITY TO PURCHASE A LEGAL 2-UNIT BUILDING WITH AN ADDITIONAL GARDEN UNIT IN A RED HOT AREA. EACH UPDATED UNIT IN THIS BUILDING IS RENTAL READY AND FEATURES 3 BEDROOMS AND 1 FULL BATH. LOTS OF RECENT EXTERIOR / INTERIOR IMPROVEMENTS. THE GARDEN UNIT CAN BE USED TO RENT OUT FOR ADDITIONAL INCOME OR USED FOR IN-LAW LIVING AS WELL. SEPARATE UTILITIES INCLUDING 2 CENTRAL AC UNITS EACH FOR 1ST AND 2ND FLOOR UNITS. INVESTMENT RETURN ON ILLINOIS INSTITUTE OF TECHNOLOGY STUDENT APARTMENTS IS EXTREMELY HIGH! IT'S ALSO A LUCRATIVE BUSINESS OPPORTUNITY FOR AIRBNB. PROPERTY IS CLOSE TO THE RED LINE AND GREEN LINE, GUARANTEED RATE FIELD - CHICAGO WHITE SOX, SOLDIER FIELD - CHICAGO BEARS, MCCORMICK PLACE, SHEDD AQUARIUM, ADLER PLANETARIUM, CHINATOWN, AND ALL MAJOR BEACHES. LOW REAL ESTATE TAXES & NO HOA FEES.

    Zillow last checked:

    Listing updated:

    Listing courtesy of:

    James Kolar 708-320-0002,

    HomeSmart Realty Group,

    Rachel Frenzel 312-804-2905,

    HomeSmart Realty Group

    Bought with:

    Crystal Nwaokocha

    Coldwell Banker Realty

    Source: MRED as distributed by MLS GRID,MLS#: 12049861MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 3
    Heating
    • Natural Gas, Forced Air
    Features
    • Basement: Finished,Full

    Property

    Features
    • Patio & porch: Porch
    Lot
    • Size: 2,208 sqft
    • Dimensions: 46X48
    Details
    • Parcel number: 17343150070000
    • Zoning: MULTI
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    • Roof: Flat
    Condition
    • New construction: No
    • Year built: 1948

    Utilities & green energy

    • Sewer: Public Sewer, Storm Sewer
    • Water: Lake Michigan, Public

    Community & neighborhood

    Location
    • Region: Chicago

    Other

    Other facts
    • Listing terms: FHA
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    8/21/2024Sold$339,000-3.1%
    Source: MRED as distributed by MLS GRID #12049861 Report a problem
    6/9/2024Contingent$349,900
    Source: MRED as distributed by MLS GRID #12049861 Report a problem
    5/7/2024Listed for sale$349,900-5.4%
    Source: MRED as distributed by MLS GRID #12049861 Report a problem
    5/7/2024Listing removed--
    Source: MRED as distributed by MLS GRID #12004132 Report a problem
    4/27/2024Price change$369,900-7.5%
    Source: MRED as distributed by MLS GRID #12004132 Report a problem
    4/20/2024Listed for sale$399,900
    Source: MRED as distributed by MLS GRID #12004132 Report a problem
    4/16/2024Contingent$399,900
    Source: MRED as distributed by MLS GRID #12004132 Report a problem
    3/14/2024Listed for sale$399,900-10.9%
    Source: MRED as distributed by MLS GRID #12004132 Report a problem
    3/14/2024Listing removed--
    Source: MRED as distributed by MLS GRID #11931759 Report a problem
    2/21/2024Listed for sale$449,000-10%
    Source: MRED as distributed by MLS GRID #11931759 Report a problem
    2/10/2024Listing removed--
    Source: MRED as distributed by MLS GRID #11931759 Report a problem
    11/15/2023Listed for sale$499,000+1147.5%
    Source: MRED as distributed by MLS GRID #11931759 Report a problem
    9/16/2015Sold$40,000+2.6%
    Source: Public Record Report a problem
    9/3/2015Listed for sale$39,000
    Source: New Era Chicago LLC #09029370 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $12,000 -37.3%
    2023$4,052 +2.6%$19,144
    2022$3,950 +46.2%$19,144 +42.9%
    2021$2,701 +52.9%$13,394 +68.9%
    2020$1,767 -56.8%$7,930 -61%
    2019$4,086 +1.7%$20,337
    2018$4,017 +10%$20,337 +19.9%
    2017$3,652 +7.5%$16,963
    2016$3,398 +9.3%$16,963
    2015$3,108 +28.5%$16,963 +30.1%
    2014$2,418 +2%$13,034
    2013$2,371 +1.4%$13,034
    2012$2,339 -17.3%$13,034 -25.4%
    2011$2,830 -0.4%$17,462
    2010$2,841 +4.4%$17,462
    2009$2,723 +26.4%$17,462 +16.3%
    2008$2,155 +1%$15,020
    2007$2,133 -1.1%$15,020
    2006$2,156 +64.2%$15,020 +86.9%
    2005$1,313 +1%$8,036
    2004$1,300 +2.2%$8,036
    2003$1,272 +27.3%$8,036 +44.5%
    2002$999 +3.8%$5,562
    2001$963 +20.8%$5,562
    2000$798 -0.7%$5,562 +34%
    1999$803 $4,152

    Find assessor info on the county website

    Neighborhood: Bronzeville

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: 299

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $404,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $404,600