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Chicago 60629 Marquette Park
6448 S Artesian Avenue
$335,000
● House - Off Market

6448 S Artesian Avenue

Chicago, IL 60629
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,104 Ft²
$1,997
Est. Monthly
7.17%
Cap Rate

About This Property

Welcome to this spacious 7-bedroom, 2-bath home, thoughtfully designed to accommodate multi-generational living. The main level features 2 bedrooms, a modern kitchen with a quartz peninsula and stainless steel appliances, plus a dedicated office space ideal for remote work. The finished basement offers 3 additional bedrooms, a second kitchen with a quartz peninsula, and a full bath-perfect for an in-law suite. Upstairs, the attic provides 2 more bedrooms, ensuring ample space for the entire family. This home blends comfort and practicality with abundant closet space throughout, a fully fenced yard, and a rear car pad for parking. Don't miss this exceptional opportunity-schedule your showing today!
Unit Size
1,104 Ft²
Days on Market
-
Land Size
-
Price per sqft
$343
Property Type
House
Property Taxes
$136
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,750
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 300
  • Total Building Area: 1,104
  • Gross Building Area: 1,104
  • Building Area: 1,104
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,104
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COBE & MCKINNONS 63RD
  • Land Acres: 0000000086
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (COBE) & (MCKINNONS) (63RD) STREET SUB OF NE NE SEC24 & SE SE SEC 13-38-13

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 660600

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 19-24-214-037-0000
  • Block: 15
  • Lot: 17
  • Meridian: SEC 13 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.776
  • Longitude: -87.685

    Address

  • Full Address: 6448 S Artesian Ave
  • Address - House Number: 6448
  • Street Direction: S
  • Address - Street Name: Artesian
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C051
  • 4-Digit Zip Code: 1302
  • Zip Code: 60629

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $100,189
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 208,439
  • High Value: 256,035
  • Low Value: 160,844

    Market Valuation

  • Market Total Value: $110,000
  • Market Land Value: $30,000
  • Market Improvement Value: $80,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,000
  • Assessed Land Value: $3,000
  • Assessed Improvements Value: $8,000

    Sales

  • Current Sale Contract Date: Aug 16, 2004
  • Current Sale Recording Date: Aug 30, 2004
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 0424326088
  • Previous Sale Recording Date: Jun 03, 1994
  • Previous Sale Contract Date: May 31, 1994
  • Previous Sale Amount: $53,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Side

Stats & Trends

Median Asking:

$280,000

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1126 ft²

Average Home Age

92.5 years

Currently For Sale

662 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1453 W Garfield Boulevard, Chicago, IL, 60636

$2,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,250 ft²
1453 W Garfield Boulevard #3, Chicago, IL, 60636 Listing by Jose Godinez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Tania Brito, Luna Realty Group
Data Source: MRED, MLS# MRD12326425
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. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 6448 South Artesian Avenue built and last sold?
The property at 6448 South Artesian Avenue was built in 1920 and last sold on Aug 16, 2004 for $0.
How much is this home worth?
The estimated value of the home located at 6448 South Artesian Avenue is $372,313.
What are some comparable homes to 6448 South Artesian Avenue?
There are currently no comparable homes to 6448 South Artesian Avenue.
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