See Home Value
$1,125,000*
House - Off Market

1407 S Emerald Avenue

Chicago, IL 60607
bedrooms
5 Beds
bathrooms
3.5 Baths, 1 Half Bath
square feet
4299 Sqft
$1,013,000 - $1,237,000
Reference Base Price*
0.00%
Since Dec 1, 2023
IL-Chicago
Primary Model
Sold May 26, 2016
$1,165,000
$875,000 by Guaranteed Rate Inc
Mortgage Due Nov 01, 2049
Sold Jul 15, 2008
$1,397,500

About This Property

WALK INTO EQUITY - THIS RARE, EXTRA WIDE, SINGLE FAMILY HOME IS PRICED SIGNIFICANTLY BELOW APPRAISED VALUE! This beautifully rehabbed home (2022/23) features over $40K in upgrades, including a newly updated kitchen and bathrooms. Step into luxury with a brand new premium water heater and tiled master shower, as well as fresh paint throughout the entire house.    Located in the immaculate and conveniently located University Village, this 2008 development offers a real sense of community in the heart of the city. With approximately 4300 sq ft, this home is the largest model in the community and boasts a triple garage and lower level flex space.    Inside, you'll find many wonderful upgrades, such as hand scraped oak floors, 8' doors, and chef-grade appliances. The modern floor plan flows seamlessly through the living, dining, and entertainment spaces, all overlooking elegant Emerald Ave. Ascend the grand staircase to the second level, where you'll find 4 bedrooms, including an enormous owner's suite with 2 walk-in closets, an upper level laundry room, and a front-facing balcony.    The chef's kitchen is a dream with a butler's pantry, full walk-in pantry, breakfast bar, and dining area. It seamlessly flows into the attached great room, which leads out to a huge deck and low maintenance yard. The perfect space for entertaining family and friends.    The lower level of this home offers endless possibilities. Currently, it is a versatile space that can be utilized as a media room, gym, work from home area, or even an 'in-law suite' or AirBNB with a separate entrance. It includes a fully applianced kitchen with an oversized island, a fifth bedroom, a bathroom, a mudroom, and incredible storage space.    Additional features of this exceptional home include a partially finished oversized three-car detached garage, a whole house wired for sound, and a dual HVAC system.    Homes of this size and caliber rarely become available in the sought-after University Village/South Loop location. This home is investor-friendly and is also listed for rent. Don't miss out on this incredible opportunity, schedule a showing today! MLS 11877826.

The manager has listed the unit size as 4299 square feet.
Unit Size
4,299Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$262
Property Type
House
Property Taxes
$1,811
HOA Dues
$626
Year Built
2008

Price History

Date / Event Date Event Price
Nov 19, 2023 No longer available -
No longer available
Oct 26, 2023 Price Decreased $1,125,000
↓ $50K (4.2%)
Price Decreased
Oct 20, 2023 Price Decreased $1,174,500
↓ $26K (2.1%)
Price Decreased
Sep 27, 2023 Listed $1,199,995
Listed
Aug 16, 2022 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 3,548
  • Lot Size Depth Feet: 1,140
  • Lot Size Frontage Feet: 310
  • Total Building Area: 2,916
  • Gross Building Area: 2,916
  • Building Area: 2,916
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,916
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: UNIVERSITY VILLAGE EAST PH 03B
  • Land Acres: 0.082
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : REDDY SANDEEP
  • Current Owner 2: PRASAD REDDY LALITA
  • Previous Owner : BOSTON SEAN
  • Previous Owner 2: BOSTON KARYN
  • Owner Before Previous Owner: SOUTH CAMPUS DEVELOPMENT TEAM LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 841900

Zoning

  • Zoning: PD 549

Geography

  • District: 77
  • Parcel: 17-21-117-038-0000
  • Block: 3
  • Lot: 3
  • Municipality: WEST CHICAGO
  • Latitude: 41.8633
  • Longitude: -87.6453

    Address

  • Full Address: 1407 S Emerald St
  • Address - House Number: 1407
  • Street Direction: S
  • Address - Street Name: Emerald
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C012
  • 4-Digit Zip Code: 4441
  • Zip Code: 60607

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $22,234
  • Tax Rate Code Area: 77111

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 1,298,091
  • High Value: 1,429,338
  • Low Value: 1,166,844

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $875,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Oct 30, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $875,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2049

    Market Valuation

  • Market Total Value: $1,077,330
  • Market Land Value: $159,660
  • Market Improvement Value: $917,670

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $107,733
  • Assessed Land Value: $15,966
  • Assessed Improvements Value: $91,767

    Sales

  • Current Sale Contract Date: May 13, 2016
  • Current Sale Recording Date: May 26, 2016
  • Current Sale Transaction ID: 1608425919
  • Current Sale Price: $1,165,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1614722058
  • Previous Sale Recording Date: Jul 15, 2008
  • Previous Sale Contract Date: Mar 10, 2008
  • Previous Sale Amount: $1,397,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PERL MORTGAGE INC
  • First Mortgage Transaction Date: May 26, 2016
  • First Mortgage Loan Amount: $932,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jun 01, 2046

    Financing

  • First Mortgage Financing Type: Adjustable Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
4 Beds
3.5 Baths
2,853 ft²
$483/ft²
$1,379,000 Jul 6, 2023
-
-
House
3 Beds
2 Baths
2,380 ft²
$558/ft²
$1,329,000 Aug 9, 2023
-
$2,398/mo
House
3 Beds
3 Baths
2,000 ft²
$550/ft²
$1,100,000 Jun 15, 2023
-
$1,811/mo
House
3 Beds
2.5 Baths
2,050 ft²
$502/ft²
$1,030,000 Jul 6, 2023
-
-
House
3 Beds
3 Baths
1,900 ft²
$605/ft²
$1,149,999 Sep 15, 2023
-
$2,788/mo
House
3 Beds
3.5 Baths
-
$1,059,000 Jan 26, 2023
-
$2,799/mo
Commercial
Loft
-
-
$1,200,000 Nov 19, 2022
-
$1,369/mo
Commercial
Loft
-
-
$1,200,000 Jun 19, 2023
-
$272/mo
Multifamily
8 Beds
-
-
$1,100,000 Jul 21, 2023
-
$1,118/mo
Land
Loft
-
-
$1,300,000 May 1, 2023
-
$1,257/mo
Land
Loft
-
-
$1,350,000 May 4, 2023
-
$1,206/mo

About West Side


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Frequently Asked Questions

When was property at 1407 South Emerald Avenue built and last sold?
The property at 1407 South Emerald Avenue was built in 2008 and last sold on May 13, 2016 for $1,165,000.
How much is this home worth?
The estimated value of the home located at 1407 South Emerald Avenue is $1,211,995.
What are some comparable homes to 1407 South Emerald Avenue?
Homes that are comparable to 1407 South Emerald Avenue include a house property at 933 West Van Buren Street, 236 South Green Street, 111 South Peoria Street.

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