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$145,000
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Property Description
Exceptional Investment Opportunity: This incredibly spacious home offers endless potential-including the opportunity to convert it back into a multi-unit residence (buyer to verify zoning). Featuring four generously sized bedrooms with ample closet space, this property provides a flexible layout ready for your vision. The kitchen that includes a sun porch, can easily be opened up to create a more modern, flowing floor plan that connects seamlessly to the separate living and dining rooms. Each level includes a bathroom for added convenience. The second floor offers three large bedrooms and a versatile sitting area that could be transformed into a luxurious primary suite. The basement boasts a half bath, good ceiling height, and dedicated laundry and utility rooms. Outside, the expansive backyard is perfect for family enjoyment and leads to a two-car garage, which is in need of major repair. 2 newer furnaces (3 years old) ready for central air, one for the main level and another for the 2nd floor. This property is brimming with potential and awaits your personal touch. Sold As-Is.
Full Property Details
Full Property Details for 7316 S Lafayette Ave
General
- Sold For: $145,000
- Taxes: $1,476 (2023)
- Status: Closed
- Type: Single Family
- Source: MRED
- MLS ID: 12381662
- Added to Site: 227 day(s) ago
Interior
- Appliances: Range, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
- Basement Baths: Yes
Bedrooms
- Total Bedrooms: 4
Parking
- Garage: Yes
- Garage Spaces: 2.5
- Total Spaces: 2
- Parking Features: On Site, Detached, Garage
- Parking On-Site: Yes
Location
- Area: CHI - Greater Grand Crossing
- County: Cook
- Driving Directions: 71ST W TO LAFAYETTE S TO ADD
School Information
- School District: 299
- Midd School District: 299
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Lake Michigan, Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Finished, Full
- Square Feet: 1,411
- Sq. Ft. Source: Assessor
- Year Built: 1903
- Built Before 1978: Yes
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 125
Financial Considerations
- Assessment Year: 1903
- Tax Amount: $1,476.71
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20282210300000
Listed by POWER Realty Chicagoland,PLLC
Sold by eXp Realty
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Schools
Schools serving 7316 S Lafayette Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Deneen Elementary School 7240 South Wabash Avenue, Chicago, IL 60619 | 7-8 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7316 S Lafayette Ave
Date
Details
Price
Change
Source
8/26/2025
Sold
$145,000
-3.33%
MLS
6/02/2025
Listed
$150,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7316 S Lafayette Avenue, Chicago, IL 60621 (MLS# 12381662) is a Single Family property that was sold at $145,000 on August 26, 2025. Want to learn more about 7316 S Lafayette Avenue? Do you have questions about finding other Single Family real estate for sale in Greater Grand Crossing? You can browse all Greater Grand Crossing real estate or contact a Coldwell Banker agent to request more information.

