This is an AMAZING opportunity to secure over $60K in equity! This newer construction townhome offers 14 ft ceilings and 3,000 sq. ft. of luxury at an affordable price. Inside, you'll find Italian marble countertops, stainless steel appliances, and a spacious master suite. The home boasts two balconies and a rooftop with stunning views of the lake and downtown. Additional features include two garage parking spaces and central air and heat. This property is ideal for both owner-occupants and investors, with low property taxes and no HOA fees. It's also a fantastic option for Airbnb or VRBO rentals; the previous owner earned up to $5,700 per month through short-term rentals. The seller is willing to provide closing cost assistance based on the offer presented. Don't miss out on this incredible opportunity! Property has recently been painted and updated within the last 2 weeks!
This property is $45.3K less than the Median Sold Price and $155/SqFt less than other homes in Chicago, IL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MRED
MLS Number: #12183606
Listing Office:
Office Name: Berg Properties
Office Phone: (888) 276-9959
Listing Agent: Colleen Berg
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Woodlawn Elementary Community School
6657 S Kimbark Ave
Distance between this listing and this school1.69 miles
Public District Grades PK-6
5
/10
Hoyne Elementary School
8905 S Crandon Ave
Distance between this listing and this school2.13 miles
Public District Grades KG-6
7
/10
McDowell Elementary School
1419 E 89th St
Distance between this listing and this school2.52 miles
Public District Grades KG-5
Nearby Schools
3
/10
Powell Paideia Community Academy Elementary School
7511 S South Shore Dr
Distance between this listing and this school0.48 miles
Public District Grades KG-8
4
/10
O'Keefe Elementary School
6940 S Merrill Ave
Distance between this listing and this school0.56 miles
Public District Grades KG-8
4
/10
Bouchet Math and Science Academy Elementary School
7355 S Jeffery Blvd
Distance between this listing and this school0.62 miles
Public District Grades KG-8
Nearby Schools
5
/10
South Shore International College Prep High School
1955 E 75th St
Distance between this listing and this school0.76 miles
Public District Grades 12-12
1
/10
Yccs-Sullivan House Alternative High School
8164 S South Chicago Ave
Distance between this listing and this school1.44 miles
Public Charter Grades 9-12
1
/10
Epic Academy High School
8255 S Houston Ave
Distance between this listing and this school1.51 miles
The neighbors living near this home have an average income of $27,222. The most common annual income of people living in Chicago, IL is less than $35k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7229 S Exchange Ave
What is the listing price of this property?
The listing price of 7229 S Exchange Ave property is $315,000.
What type of property is this?
The property 7229 S Exchange Ave is a townhouse located in Chicago, Illinois, 60649.
Is this property for sale now?
Accepting Backup Offers: 7229 S Exchange Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
How many bedrooms and bathrooms does this property have?
The property at 7229 S Exchange Ave has 3 bedrooms and 2 full and 1 half bathrooms.
What is the square footage of this property?
The property 7229 S Exchange Ave is 3,000 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 7229 S Exchange Ave is 2006.
This home is located at 7229 S Exchange Ave in Chicago, IL and zip code 60649 in the South Shore neighborhood. This 3,000 square foot home was built in 2006. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 08, 2024 and is currently priced at $315,000.
While more than 539 listings in Chicago, IL in October 2024 were sold above asking price, there were more than 337 listings sold at asking price, and more than 919 were sold below. The number of listings in Chicago, IL increased by 14.5% between September 2024 and October 2024. The median list price of listings available in October 2024 was $360,336, while the average time on the real estate market was 32 days.
From Rocket Homes Real Estate and based on county public records data.