Sold
Last Sold Price
6 beds
7342 S Sangamon St, Chicago, IL 60621
Multi FamilyProperty Type
3,049 sq ftLot Size
1895Year Built
2 carsParking Spaces

Description

This exceptional investment opportunity has become available again due to the buyer's financing falling through. Take advantage of this fully rehabilitated 2-unit building that offers a multitude of benefits. The property consists of two 3-bedroom, 1-bathroom units, each equipped with appliances, including a washer and dryer. Recently installed in 2022, the HVAC system provides individual heating and central air conditioning for each unit, ensuring comfort and efficiency. These units have been thoughtfully...This exceptional investment opportunity has become available again due to the buyer's financing falling through. Take advantage of this fully rehabilitated 2-unit building that offers a multitude of benefits. The property consists of two 3-bedroom, 1-bathroom units, each equipped with appliances, including a washer and dryer. Recently installed in 2022, the HVAC system provides individual heating and central air conditioning for each unit, ensuring comfort and efficiency. These units have been thoughtfully modernized with upgraded fixtures and contemporary finishes. Enjoy the elegance of the space as the abundant natural light shines through the cascading windows and bounces off the beautiful, hardwood floors. Distinctive features include separate front entrances and rear exits for both units, as well as a convenient 2-car parking pad. The walkout basement offers ample storage for the owner or tenants. Recently vacated by tenants, the units have been refreshed, making this building truly turnkey. It's ideal for an investor looking to rent out both units or a new homeowner who wants to live in one unit while earning rental income from the other, helping to offset the mortgage. The property has already undergone an FHA appraisal with no repair requirements, streamlining the process for prospective buyers. Don't miss this opportunity - schedule a viewing today to explore all that this property has to offer!

    Sold By eXp Realty, LLC - Geneva

    • Listed by: Marsha Green 773.386.8679 marsharespecialist@gmail.com • Real People Realty
    Listing closed: 02/09/2024 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11760802

    Recent comparable sales

    Median sold price

    $230,000

    Avg days on market

    102

    Sale-to-list ratio

    95.5%

    Chicago, IL

    9 comparable properties found

    front view of a brick house with a large window
    1/19
    1

    $217,000

    Sold 08/13/25

    6
    Bedrooms
    2,100
    Square Feet
    0.05
    Acres
    front view of a house
    1/17
    2

    $210,000

    Sold 04/23/26

    6
    Bedrooms
    Unavailable
    Square Feet
    0.10
    Acres
    a front view of a house with garden
    1/25
    3

    $250,000

    Sold 11/15/24

    6
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    a front view of a house with a yard garage and outdoor seating
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    Sold 10/27/25

    6
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    Sold 08/03/26

    6
    Bedrooms
    Unavailable
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    a front view of a brick house with large windows
    1/17
    6

    $250,000

    Sold 02/11/25

    6
    Bedrooms
    2,300
    Square Feet
    0.06
    Acres
    a front view of a house
    1/23
    7

    $276,500

    Sold 08/21/25

    6
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    a front view of a house with garden
    1/16
    8

    $240,000

    Sold 03/23/26

    6
    Bedrooms
    Unavailable
    Square Feet
    0.12
    Acres
    $180,000 | 7352 South Lowe Avenue, Chicago, IL 60621
    1/10
    9

    $180,000

    Sold 08/18/26

    6
    Bedrooms
    2,738
    Square Feet
    0.11
    Acres

    Location

    Add your commute

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    OriginPoint Mortgage or Rocket Mortgage1

    $1,197 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $1,169

    Property Taxes

    $28

    HOA Dues

    $0

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    Rocket Mortgage1

    Property Information for 7342 South Sangamon Street

    Property Details
    • Taxes: $336 / year
    • MLS Type: Two to Four Units / 2 Flat
    • County: Cook County
    • Area: CHI - Englewood
    • Township: Lake
    • Ownership: Fee Simple
    • Parking Included in Price: Yes
    • Heat/Fuel: Natural Gas
    • Zoning: MULTI
    Building Information
    • Residences: 2
    • Year Built: 1895
    • Lot Size: 0.07 AC / 3,049 SF
    General Information
    School Information
    • Elementary School District: 299
    • High School District: 299
    • Middle Or Junior School District: 299
    Addtl Parking Information
    • Parking: Space/s
    • Parking Details: Off Alley
    • Parking On Site: true
    • Parking Ownership: Owned
    Location and General Information
    • Postal Code Plus 4: 1628
    Property Information
    Interior Features
    • Num Of Rooms: 12
    • Bedrooms Total: 6
    • Bedrooms (Below Grade): 0
    • Basement Type: Walkout
    • Bedrooms Possible: 6
    • Basement Description: Unfinished
    • # Full Baths in Building: 2
    • # Half Baths in Building: 0
    • Room Type: Enclosed Porch
    • Num of Baths: 2.0
    Utilities / Equipment
    • Sewer: Sewer-Public
    • Water: Lake Michigan
    Property/Lot Information
    • New Construction YN: No
    • Rebuilt: No
    • Rehabilitated: Yes
    • Rehab Year: 2022
    • Built Before 1978: Yes
    • Age: 100+ Years
    • Lot Size: Less Than .25 Acre
    • Lot Dimensions: 25X 125
    • Total # Units in Building: 2.0
    • Waterfront: No
    • Exterior Building Type: Aluminum Siding, Vinyl Siding, Steel Siding
    • Roof Type: Asphalt
    • Foundation Details: Concrete Perimeter
    • General Information: None
    • North Coordinate: 0
    • South Coordinate: 7342
    • East Coordinate: 0
    • West Coordinate: 1100
    • Lot Size Source: County Records
    • 3 Br Un In Bldg: Yes
    Property and Assessments
    • Buyer Financing: Conventional, FHA, VA, Cash
    • Public Document Count: 1
    • Document Date: 2023-04-17T13:29:24
    • Photos Count: 23
    • OpenHouse Count: 0
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    • Virtual Tour Date: 08-23-2023
    Multi Family
    Income & Expenses
    • Gross Income: $30,000.00
    • Water Expense Source: Owner Projection
    • Water Sewer Expense: $2,500.00
    Unit 1
    • Unit Type Actual Rent: $1,300.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 1
    • Lease Expiration Date: VAC
    Unit 2
    • Unit Type Actual Rent: $1,200.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 2
    • Lease Expiration Date: VAC

    Property History for 7342 South Sangamon Street

    DateEvent & SourcePriceAppreciation
    Feb 9, 2024

    Sold

    MRED #11760802

    $230,000
    Feb 8, 2024

    Sold (Public Record)

    Public Record #1527060939

    $230,000

    +21.0% / yr

    Jan 9, 2024

    Pending

    MRED #11760802

    DateEvent & SourcePrice
    02/09/2024

    Sold

    MRED #11760802

    $230,000
    02/08/2024

    Sold (Public Record)

    Public Record #1527060939

    $230,000

    +21.0% / yr

    01/09/2024

    Pending

    MRED #11760802

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Public Records for 7342 South Sangamon Street

    Taxable ValueLand$938Additions$11,063Total$12,001
    Tax Record2023$1,055 ($88 / month)
    Home Facts
    Baths2Total Finished SqFt1,980 SqFtAbove Grade Finished SqFt1,980 SqFtStories2Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1898Year Renovated1900ZoningRS-3CountyCOOKAPN20-29-220-038-0000

    Schools near 7342 South Sangamon Street

    This home is within Chicago Public Schools.
    Rating
    School
    Type
    Grades
    Distance
    Public - PK to 8
    Public - 9 to 12
    Public - 9 to 12
    Charter - 9 to 12
    Rating
    School
    Distance
    Stagg Elementary School
    PublicPK to 8

    Bogan High School
    Public9 to 12

    EXCEL ACADEMY - ENGLEWOOD HS
    Public9 to 12

    Community Youth Development Institute
    Charter9 to 12

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

    Neighborhood Map and Transit

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    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    Listing Courtesy of Real People Realty

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 02/12/2024 02:00 AM. 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.