3707 South Michigan Avenue

Chicago, IL 60653

$369,900
Price
6
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.
  1. Listed by James Kolar • HomeSmart Realty Group
  2. Listed by Rachel Frenzel • HomeSmart Realty Group

Property Details for 3707 South Michigan Avenue

Area
CHI - Douglas
Township
South Chicago
Ownership
Fee Simple
Num Of Parking Spaces
0.0
Parking Included in Price
No
Heat/Fuel
Natural Gas, Forced Air
Zoning
MULTI

Location

Listing Courtesy of HomeSmart Realty Group
Add your commute
LISTING UPDATED: 04/26/2024 07:29 PM

Property Details for 3707 South Michigan Avenue

StatusPrice Change
MLS #12004132
Days on Market45
Taxes$3,950 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1948
Lot Size0.05 AC / 2,208 SF
CountyCook County

Location

Listing Courtesy of HomeSmart Realty Group
Add your commute

Building Information for 3707 South Michigan Avenue

Stories-Residences2Year Built1948Building Size-Lot Size0.05 AC / 2,208 SF

Payment Calculator

$2,348 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,019

Property Taxes

$329

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3707 South Michigan Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 12
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 6
  • Basement Description: Finished
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public, Sewer-Storm
  • Water: Lake Michigan, Public
Property/Lot Information
  • Exterior Property Features: Porch
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 71-80 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 46X48
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Flat
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 3707
  • East Coordinate: 200
  • West Coordinate: 0
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 5
  • Document Date: 2024-03-14T16:06:44
  • Photos Count: 24
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 0
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 0

Property History for 3707 South Michigan Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3707 South Michigan Avenue

Taxable ValueLand$7,644Additions$11,500Total$19,144
Tax Record2022$3,950 ($329 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,433 SqFtAbove Grade Finished SqFt1,433 SqFtStories2Lot Size2,184 SqFtStyleCondominiumYear Built1946CountyCOOKAPN17-34-315-007

Schools near 3707 South Michigan Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 7 to 12
Public - 9 to 12
Rating
School
Distance
Wells Preparatory Elementary Academy
PublicPK to 8

Phillips Academy High School
Public9 to 12

Perspectives Chtr - IIT Campus
Charter7 to 12

Chicago Military Academy High School
Public9 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.

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3707 South Michigan Avenue is a multi-family home for sale in Chicago, IL 60653. This property was listed for sale on March 14, 2024 by HomeSmart Realty Group, it's currently listed at $369,900. It has been on the market for a total of 45 days and was last sold on September 11, 2015. This listing's school district is City Of Chicago School District 299. Nearby schools include Wells Preparatory Elementary Academy, Phillips Academy High School and Perspectives Chtr - IIT Campus. 3707 South Michigan Avenue is a 6-bed, 3-bath, multi-family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HomeSmart Realty Group

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.