11 days on rocket

7524 S Kenwood Ave, Chicago, IL, 60619

$199,000

Home List Price

$2,363*

Closing Credit

5 Bedrooms
5 Baths
House

Location

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7524 S Kenwood Ave, Chicago$199,000

Buyer Closing Credits

$2,363*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDriveway
Year Built1893
HeatingNatural Gas
BasementYes
MLS #12254442
Lot Size0.22 Acres
StatusActive

About 7524 S Kenwood Ave

This spacious 4-story property on a double lot is a hidden gem, ready for the right buyer to unlock its full potential. Perfect for an investor or a family looking to create their dream home, this multi-family zoned property was originally designed as a two-unit but could easily be transformed into a single-family residence. The current owners started renovations but were unable to complete them, presenting an amazing opportunity to benefit from their hard work! Many of the big-ticket upgrades have already been done, including a newer roof, two furnaces, updated windows, and a recently remodeled kitchen. The first-floor unit offers 2 bedrooms, a kitchen, and two bathrooms, while the second unit on the second floor features 3 bedrooms and 2 bathrooms. The third-floor attic is ready to be duplexed into additional living space, including a possible bedroom and bathroom. The full, unfinished basement boasts high ceilings, offering the option to duplex it with the first floor for even more living space. While the building still requires some finishing touches, including minor plumbing and electrical work (pipes in the basement froze), it's priced to allow room for buyers to use a renovation loan to customize the home to their needs. With high ARVs (After Repair Values), this property offers significant value for investors looking to add equity and realize a strong return. Don't miss this opportunity to transform this diamond in the rough into a stunning, value-filled property!

Property Details

Property Features

Property Information:

  • Year Built: 1893

Listing Office:

  • Office Name: United Real Estate - Chicago
  • Office Phone: (630) 748-4660
  • Listing Agent: Michael Savegnago

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: North of E 76th st East of i90

Price Information

Listing Price Info

Price Summary:

  • List Price: $199,000

Tax Information:

  • Annual Amount: $4,677
  • Tax Year: 2019
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Housing Market Comparison

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

Med. Sold Price

$363.9K

Med. Price/SqFt

$260

Avg. Days On Market

33

# of Sold Homes

1620

7524 S Kenwood Ave vs Chicago

11 DAYS ON ROCKET

-22 Days

$199,000

-$164.9K Less

KEY TAKEAWAY

This property is $164.9K less 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: #12254442

Listing Office:

  • Office Name: United Real Estate - Chicago
  • Office Phone: (630) 748-4660
  • Listing Agent: Michael Savegnago

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: 12/21/2024, 11:46:00 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

Dec 26, 2006Home Sold
$240,000
Mar 01, 2006Home Sold
$120,000

Tax History

YEARPROP. TAXASSESSMENT
2019$4,677$23,278
2018$4,598$23,278
2017$5,837$27,119

History based on county public records data.

Payment Calculator

$1,061

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$663

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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-843986
7
/10
  • Woodlawn Elementary Community School

  • 6657 S Kimbark Ave

  • 1.11 miles

  • Public District Grades PK-6

school-card-donut-843987
4
/10
  • Pirie Fine Arts and Academic Center Elementary School

  • 650 E 85th St

  • 1.45 miles

  • Public District Grades KG-6

school-card-donut-843988
7
/10
  • McDowell Elementary School

  • 1419 E 89th St

  • 1.73 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,000. Residents of Chicago, IL typically earn less than $35k each year. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7524 S Kenwood Ave

What is the listing price of this property?

The listing price of 7524 S Kenwood Ave property is $199,000.

What type of property is this?

The property 7524 S Kenwood Ave is a house located in Chicago, Illinois, 60619.

Is this property for sale now?

Active Listing: 7524 S Kenwood Ave 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 $4,677 (source: MLS/based on county public records data).

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

The last sale was on December 26, 2006 for $240,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7524 S Kenwood Ave has 5 bedrooms and 5 bathrooms.

Which year was this property built?

The year of construction for 7524 S Kenwood Ave is 1893.

Rocket Homes›Illinois›Cook County›Chicago›60619›7524 S Kenwood Ave

This home is located at 7524 S Kenwood Ave in Chicago, IL and zip code 60619 in the South Shore neighborhood. This home, which was built in 1893, sits on a 0.22 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since December 11, 2024 and is currently priced at $199,000.

While more than 521 listings in Chicago, IL in November 2024 were sold above asking price, there were more than 254 listings sold at asking price, and more than 845 were sold below. The inventory of homes for sale in Chicago, IL between October 2024 and November 2024 increased by 2.1%. In November 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $363,936.

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

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