7418 South Lafayette Avenue

Chicago, IL 60621

$261,000
Last Sold Price
5
Beds
2
Baths
2,400 Sq. Ft.
$109 / Sq. Ft.
2,400
Sq. Ft.
$109
per Sq. Ft.

Description

Beautiful (((LEGAL 2 UNIT))) that was fully renovated in 2016. The building features 2 great rental units. The TOP FLOOR is a 3 bed 1 bath that gets $1,500 for rent and the FIRST FLOOR is a 2 bed 1 bath that gets $1,000 for rent. The building features beautiful hardwood floors, newer kitchens, newer bathrooms. Beautiful ceramic floors, newer windows throughout the entire building. Your tenants will enjoy the IN-UNIT WASH & DRYER that is shared for the building. Both units have their own separate...Beautiful (((LEGAL 2 UNIT))) that was fully renovated in 2016. The building features 2 great rental units. The TOP FLOOR is a 3 bed 1 bath that gets $1,500 for rent and the FIRST FLOOR is a 2 bed 1 bath that gets $1,000 for rent. The building features beautiful hardwood floors, newer kitchens, newer bathrooms. Beautiful ceramic floors, newer windows throughout the entire building. Your tenants will enjoy the IN-UNIT WASH & DRYER that is shared for the building. Both units have their own separate furnace and air conditioning units. Finally, everyone will be able to enjoy the large WELL LANDSCAPED FULLY FENCED IN BACKYARD and the large 2.5 car garage with a great party door. There is also a carport and parking for several cars. This multi-unit will not disappoint!

Listing Agent

  1. David Mishel

    David Mishel

    Listing Agent

    Compass

Property Details for 7418 South Lafayette Avenue

Area
CHI - Greater Grand Crossing
Township
Lake
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Cars
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas
Zoning
MULTI

Location

Sold By Coldwell Banker Realty

Add your commute
LISTING UPDATED: 05/25/2022 10:24 AM

Property Details for 7418 South Lafayette Avenue

StatusClosed
MLS #11271145
Days on Market185
Taxes$2,807 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1959
Lot Size0.13 AC / 5,662 SF
CountyCook County

Location

Sold By Coldwell Banker Realty

Add your commute

Building Information for 7418 South Lafayette Avenue

Stories-Residences2Year Built1959Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$1,658 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,424

Property Taxes

$234

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7418 South Lafayette Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 8
  • Bedrooms (Below Grade): 0
  • Bath Amenities: Soaking Tub
  • Basement Type: Full, English
  • Bedrooms Possible: 5
  • Basement Description: Finished
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Num of Baths: 2.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • Exterior Property Features: Patio
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2016
  • Built Before 1978: Yes
  • Age: 61-70 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 3125
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 7400
  • East Coordinate: 0
  • West Coordinate: 100
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2021-11-15T14:05:51
  • Photos Count: 40
Virtual Tour/Additional Media
  • Virtual Tour: Image360+realtor
  • Virtual Tour YN: Yes
Multi Family
Income & Expenses
  • Insurance Expense: $1,350.00
  • Insurance Expense Source: Broker Projection
  • Water Expense Source: Actual
  • Net Operating Income: $27,450.00
  • Water Sewer Expense: $1,200.00
Unit 1
  • Unit Type Actual Rent: $1,000.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Unit Type Actual Rent: $1,500.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2

Property History for 7418 South Lafayette 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 7418 South Lafayette Avenue

Taxable ValueLand$4,401Additions$9,294Total$13,695
Tax Record2019$2,752 ($229 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,140 SqFtAbove Grade Finished SqFt1,140 SqFtStories1Lot Size5,869 SqFtStyleSingle Family ResidenceYear Built1964CountyCOOKAPN20-28-228-025

Schools near 7418 South Lafayette Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Charter - 10 to 12
Public - PK to 8
Public - PK to 8
Rating
School
Distance
Harvard Elementary School
PublicPK to 8

YCCS-Progressive Leadership Acad
Charter10 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.

Similar Homes

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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.

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.