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  • $415,000

    7806 S May St, Chicago, IL 60620

    10beds
    --sqft
    Multi Family
    Built in 1910
    -- sqft lot
    $487,100 Zestimate®
    $--/sqft
    $1,756 Estimated rent

    Home value

    $487,100

    $453,000 - $521,000

    $1,756/mo

    Zestimate® history
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    $2,909/mo

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    $2,909/mo

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    What's special

    Here's an enticing opportunity for investors or buyers with a keen eye for potential-a meticulously renovated in 2022 a unique "three (3)-unit building" that has been transformed into a versatile multi-unit property. This carefully crafted transformation boasts new electrical and plumbing systems throughout, updated flooring, doors, and kitchen cabinets, granite counter tops, updated bathrooms, ensuring a modern and comfortable living experience for each tenant. Each tenant pays their own utilities. New furnace and central air for the entire building. The basement (indicated as 1st. floor) unit has been ingeniously converted into a spacious three-bedroom apartment, offering ample space and comfort for its occupants. With attention to detail and quality craftsmanship, this lower-level dwelling provides a desirable living option for tenants seeking affordability without compromising on quality. This multi-unit building host a total of 11 bedrooms and 6 bathrooms in the entire building, there's ample accommodation for residents seeking a spacious and well-appointed living environment. Whether it's for extended family living arrangements or rental income potential, this property offers flexibility and opportunity for its occupants.The BONUS ATTIC, 4TH LEVEL, is designed as a bonus living quarter for related living, currently it's owner-occupied, presents a flexible opportunity for extended family living or additional rental income. The "Bonus Attic" unit has a spa like bathroom, with high-end tile, mirror, flooring etc. With its well-appointed layout and modern amenities, this space is poised to cater to the needs of various occupants, enhancing the property's income-generating potential. Outside, a spacious backyard awaits, providing a private retreat for family enjoyment and relaxation. The thoughtful design extends to the laundry area, where each tenant benefits from their dedicated washer and dryer, ensuring convenience and privacy for all residents. This renovated three-unit building, offers a unique opportunity for investors and buyers alike. With its, flexible living spaces, and income-generating potential, this property is primed to become a valuable asset in any investment portfolio. Don't miss out on the chance to explore the possibilities of this exceptional opportunity.

    Zillow last checked:

    Listing updated:

    Listing courtesy of:

    DJ Peoples 312-257-8297,

    Baird & Warner

    Bought with:

    Bryant Triplett

    RE/MAX 10

    Source: MRED as distributed by MLS GRID,MLS#: 11978087MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 5
    • Full bathrooms: 6
    Heating
    • Natural Gas
    Features
    • Basement: Finished,Full

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
    • Garage spaces: 2
    • Has uncovered spaces: Yes
    Lot
    • Size: 3,484 sqft
    • Dimensions: 30X123
    Details
    • Parcel number: 20294240160000
    • Zoning: MULTI
    • Special conditions: Real Estate Owned

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1910
    • Major remodel year: 2021

    Utilities & green energy

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

    Community & neighborhood

    Location
    • Region: Chicago

    Other

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

    Price history

    DateEventPrice
    5/9/2024Sold$415,000+713.7%
    Source: MRED as distributed by MLS GRID #11978087 Report a problem
    2/20/2020Sold$51,000
    Source: Public Record Report a problem
    10/1/2019Listing removed--
    Source: Auction.com Report a problem
    7/3/2019Listed for sale--
    Source: Auction.com Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $18,000 +20%
    2023$3,165 +2.6%$15,000
    2022$3,085 +2.3%$15,000
    2021$3,016 +8.5%$15,000 +20.2%
    2020$2,781 -2.4%$12,483 -12%
    2019$2,850 +80.3%$14,186
    2018$1,581 -6.5%$14,186 -2.9%
    2017$1,691 -42.2%$14,608
    2016$2,926 $14,608
    2015-- $14,608 +3.1%
    2014$868 -66.3%$14,169
    2013$2,577 +77.1%$14,169
    2012$1,455 -17%$14,169 -12.3%
    2011$1,753 +6.7%$16,152
    2010$1,642 +11.1%$16,152
    2009$1,478 -23%$16,152 -22.2%
    2008$1,920 +42.5%$20,769
    2007$1,347 -7.8%$20,769
    2006$1,460 -5.1%$20,769 +55.4%
    2005$1,539 +1.9%$13,361
    2004$1,511 +4.5%$13,361
    2003$1,446 -5.4%$13,361 +29.3%
    2002$1,529 +6.3%$10,332
    2001$1,439 +12.8%$10,332
    2000$1,276 +0.3%$10,332 +19.6%
    1999$1,272 $8,640

    Find assessor info on the county website

    Neighborhood: Gresham

    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
    $487,100
    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
    $487,100