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7823 S May St, Chicago, IL, 60620

$110,000

Home List Price

$1,306*

Closing Credit

4 Bedrooms
0 Baths
1,517 SqFt
$73/SqFt
House

Location

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7823 S May St, Chicago$110,000

Buyer Closing Credits

$1,306*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1914
HeatingNatural Gas
CoolingCentral Air
BasementYes
MLS #12205088
StatusActive

About 7823 S May St

This single-family home is and feels much larger than it appears to be, it offers tons of equity potential for a buyer with vision. This home features 4 bedrooms, two baths sprawled over two stories of living space, this home was being used as a non-conforming two unit with a second kitchen on the second level. You can keep as a non-conforming two unit or renovate and convert back to a true single family, either way this is a win-win situation. The home needs updates, the electric is more than half done, the furnace and A/C are new. It needs a lot of work but it's priced accordingly. This is a great opportunity to make a great investment. Do not overlook this incredible opportunity to invest and get equity right away in this thriving community.

Property Details

Property Features

Property Information:

  • Year Built: 1914
  • Living Area: 1,517 SqFt

Listing Office:

  • Office Name: Realty of America, LLC
  • Office Phone: (708) 788-1900
  • Listing Agent: Mayra Perez

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Racine to 77th, West to May St. South to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $110,000
  • Price Per SqFt: $73/SqFt

Tax Information:

  • Annual Amount: $1,978
  • 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

7823 S May St vs Chicago

45 DAYS ON ROCKET

+12 Days

$110,000

-$253.9K Less

$73/SqFt

-$188 Less

KEY TAKEAWAY

This property is $253.9K less than the Median Sold Price and $188/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: #12205088

Listing Office:

  • Office Name: Realty of America, LLC
  • Office Phone: (708) 788-1900
  • Listing Agent: Mayra Perez

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: 12/22/2024, 10:16:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2019$1,978$9,846
2018$1,944$9,846
2017$2,112$9,862

History based on county public records data.

Payment Calculator

$617

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$396

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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-949399
5
/10
  • Brownell Elementary School

  • 6741 S Michigan Ave

  • 2.10 miles

  • Public District Grades PK-6

school-card-donut-949400
8
/10
  • Cics - Loomis Primary Campus

  • 9535 S Loomis St

  • 2.19 miles

  • Public Charter Grades KG-2

school-card-donut-949401
4
/10
  • Pirie Fine Arts and Academic Center Elementary School

  • 650 E 85th St

  • 2.39 miles

  • Public District Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,509. Typical income of Chicago, IL residents is less than $35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7823 S May St

What is the listing price of this property?

The listing price of 7823 S May St property is $110,000.

What type of property is this?

The property 7823 S May St is a house located in Chicago, Illinois, 60620.

Is this property for sale now?

Active Listing: 7823 S May 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 $1,978 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 7823 S May St has 4 bedrooms.

What is the square footage of this property?

The property 7823 S May St is 1,517 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7823 S May St is 1914.

Rocket Homes›Illinois›Cook County›Chicago›60620›7823 S May St

This home is located at 7823 S May St in Chicago, IL and zip code 60620 in the Far Southwest Side neighborhood. This 1,517 square foot home was built in 1914. Features: 4 bedrooms. It has been listed on Rocket Homes since November 07, 2024 and is currently priced at $110,000.

In November 2024 more than 521 listings in Chicago, IL were sold above the asking price. During the same period more than 254 listings were sold at asking price, while 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 median list price was $363,936 and the average listing age was 33 days.

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

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