7408 S Emerald Avenue, Chicago, IL 60621 - Photo 1

1/1

$355,000

Sold
Closed
Multi-Family
6 Total Beds
2 Car Garage

1/1

Property Description

Great Investment Opportunity! Solid Brick 4 Unit Building with 2 car detached brick garage and full, unfinished basement! Two - 2 bedroom units and two - 1 bedroom units - all with large living and dining rooms! Units 2 and 4 are currently rented month to month and Unit 3 is rented to a long term Section 8 tenant. Unit 1 is currently vacant. Unit1 has been recently painted and refreshed and units 2 and 4 were updated in 2020 with refinished hardwood floors, fixtures and interior paint! Water heater and furnace were replaced in 2022! Unit 1 needs updates/repairs. Rents haven't been increased since 2019 and could be substantially increased! SELLER IS SENDING NOTICES TO INCREASE CURRENT RENTS AND RENT THE VACANT UNITS AND NEW MONTHLY RENT IS EXPECTED TO Increase to 4,045. The seller will accept offer contingent on providing updated leases. Being sold As Is.

Full Property Details

Full Property Details for 7408 S Emerald Ave

General

Sold For: $355,000
Taxes: $2,743 (2023)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12074286
Added to Site: 651 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 4

Bedrooms

Total Bedrooms: 6

Additional Information

Equipment: Ceiling Fan(s)
Other Features: Commuter Bus, Commuter Train

Parking

Garage: Yes
Garage Ownership: Owned
Garage Spaces: 2
Total Spaces: 2
Parking Type: Garage

Location

Area: CHI - Englewood
County: Cook
Driving Directions: 71st St to Emerald Avenue, north to address

School Information

School District: 299
Midd School District: 299

Heating & Cooling

Heating Type: Natural Gas, Forced Air

Utilities

Water: Lake Michigan, Public

Structural Information

Exterior Const.: Brick
Basement Desc.: Full
Foundation: Concrete Perimeter
Roof: Asphalt
Year Built: 1913
Built Before 1978: Yes
Remodeled/Updated: 2020

Unit Information

Units in Building: 4

Lot Features

Lot Size Range: Less than .25 Acre
Lot Dimensions: 40 x 144
Lot Features: Fenced Yard

Financial Considerations

Assessment Year: 1913
Tax Amount: $2,743
Tax Year: 2023

Disclosures and Reports

Ownership: Fee Simple
Property ID: 20281180170000

Listed by Keller Williams Preferred Rlty
Sold by Neighborhood Assistance Corp.

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Schools

Schools serving 7408 S Emerald Ave

School District:Chicago Public School District 299

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7408 S Emerald Ave

Date

Details

Price

Change

Source

1/24/2025

Sold

$355,000

-5.33%

MLS

9/26/2024

Price Reduced

$374,999

-6.25%

MLS

8/21/2024

Price Reduced

$400,000

-2.44%

MLS

6/20/2024

Listed

$410,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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7336 S Emerald Ave, Chicago, IL 60621 - Photo 1

Sold

$389,999

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Multi-Family
Closed

6
Total Beds

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Sold

$325,000

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Single Family
Closed

5
Beds
4
Total Baths
2,523
Sq. Ft.

7213 S Emerald Ave, Chicago, IL 60621 - Photo 1

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$303,000

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Multi-Family
Closed

8
Total Beds

[Address not provided], Chicago, IL 60621 - Photo 1

Sold

$401,000

[Address not provided] Chicago, IL 60621

Multi-Family
Closed

12
Total Beds

7408 S Emerald Avenue, Chicago, IL 60621 (MLS# 12074286) is a Multi-Family property that was sold at $355,000 on January 24, 2025. Want to learn more about 7408 S Emerald Avenue? Do you have questions about finding other Multi-Family real estate for sale in Englewood? You can browse all Englewood real estate or contact a Coldwell Banker agent to request more information.

7408 S Emerald Ave Chicago, IL 60621