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3142 S Wells St, Chicago, IL, 60616

$380,000

Home List Price

$4,513*

Closing Credit

7 Bedrooms
7 Baths
House

Location

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3142 S Wells St, Chicago$380,000

Buyer Closing Credits

$4,513*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Garage2 spaces
Year Built1888
HeatingNatural Gas, Forced Air
BasementYes
MLS #12180007
Lot Size0.07 Acres
StatusActive

About 3142 S Wells St

Incredible opportunity for owner occupied buyer to design the home of your dreams! It's possible for ONE FIXED RATE LOAN to get you the house and the rehab for one low rate! Blocks to Guaranteed Rate Field. Envision the possibilities: Three unit property with open concepts and living spaces with large kitchens and laundry, a duplexed owner's unit. OR a SFH modern home with a primary retreat...Could a Coach House be possible?!?!? The neighbors did it! Gutted and ready for renovation, this property is perfect for first time buyer OR contractors/flippers with cash, hard money, or rehab/ 203K financing, offering a blank canvas in one of Chicago's most desirable locations.

Property Details

Property Features

Property Information:

  • Year Built: 1888

Listing Office:

  • Office Name: RE/MAX LOYALTY
  • Office Phone: (773) 772-6969
  • Listing Agent: Alejandra Neri

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 7

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: Wells Street (1 blk West of 90/94) between 31ST and 32ND

Price Information

Listing Price Info

Price Summary:

  • List Price: $380,000

Tax Information:

  • Annual Amount: $5,964
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

Med. Sold Price

$360.3K

Med. Price/SqFt

$259

Avg. Days On Market

32

# of Sold Homes

1796

3142 S Wells St vs Chicago

30 DAYS ON ROCKET

-2 Days

$380,000

+$19.6K More

KEY TAKEAWAY

This property is $19.6K more than the Median Sold Price in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12180007

Listing Office:

  • Office Name: RE/MAX LOYALTY
  • Office Phone: (773) 772-6969
  • Listing Agent: Alejandra Neri

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 9:15:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 26, 2021Home Sold
$345,000
Mar 12, 2019Home Sold
$255,000

Tax History

YEARPROP. TAXASSESSMENT
2019$5,964$29,685
2018$5,863$29,685
2017$5,634$26,172

History based on county public records data.

Payment Calculator

$1,964

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,206

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-982175
10
/10
  • Bronzeville Classical Elementary School

  • 8 W Root St

  • 1.23 miles

  • Public District Grades KG-4

school-card-donut-982176
5
/10
  • Univ of Chicago Charter-Donoghue

  • 707 E 37th St

  • 1.44 miles

  • Public Charter Grades PK-5

school-card-donut-982177
6
/10
  • N. Greene Elementary School

  • 3525 S Honore St

  • 2.02 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,780. The most common annual income of people living in Chicago, IL is less than $35k. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3142 S Wells St

What is the listing price of this property?

The listing price of 3142 S Wells St property is $380,000.

What type of property is this?

The property 3142 S Wells St is a house located in Chicago, Illinois, 60616.

Is this property for sale now?

Active Listing: 3142 S Wells St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $5,964 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 26, 2021 for $345,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 3142 S Wells St has 7 bedrooms and 7 bathrooms.

Which year was this property built?

The year of construction for 3142 S Wells St is 1888.

Rocket Homes›Illinois›Cook County›Chicago›60616›3142 S Wells St

This home is located at 3142 S Wells St in Chicago, IL and zip code 60616 in the South Side neighborhood. This home, which was built in 1888, sits on a 0.07 acre lot. Features: 7 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $380,000.

In October 2024 more than 539 listings in Chicago, IL were sold above the asking price. During the same period more than 337 listings were sold at asking price, while more than 919 were sold below. Between September 2024 and October 2024, Chicago, IL real estate market has seen increase in the number of listings by 14.5%. While the average time on the market in October 2024 was 32 days, the median list price was $360,336.

From Rocket Homes Real Estate and based on county public records data.

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