Check Availability
$155,000
● House - In Contract

731 W 129th Place

Chicago, IL 60628
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,040 Ft²
$973
Est. Monthly

About This Property

**WATERFRONT OPPORTUNITY WITH MAJOR UPSIDE!** Excellent opportunity for an investor, rehabber, or buyer looking to create value without starting from scratch. This 2-bedroom home features a new garage, partially finished basement, waterfront setting, and an oversized 9,000+ sq. ft. lot.    The property offers multiple investment strategies and multiple paths to create value. Take the lighter approach by updating the existing home, maximizing the partially finished basement, and exploring opportunities to add additional living space, bedrooms and/or another bathroom-creating the potential for a strong rental or resale investment. Or think bigger and explore the property as a redevelopment opportunity, including a major expansion or an entirely new-construction project. Large-scale new-construction homes are currently being developed on the same block, demonstrating the investment and redevelopment activity already taking place in the immediate area. With a 9,000+ sq. ft. waterfront lot, buyers have an opportunity to evaluate the strategy that best fits their investment goals.    Seller is offering a **$5,000 credit toward a bathroom renovation/update**.    **Waterfront. 9,000+ sq. ft. lot. Light-rehab potential. Rental potential. New-construction potential. New development on the block. Partially finished basement. New garage. Multiple paths to create value.**    Property sold as-is. **Cash buyers and quick-close offers welcomed.** Bring your vision and move quickly-whether the strategy is renovation, investment, expansion, or new construction, opportunities combining waterfront, land, nearby development, and this level of upside are hard to find.
Unit Size
1,040 Ft²
Days on Market
-
Land Size
-
Price per sqft
$149
Property Type
House
Property Taxes
$212
HOA Dues
-
Year Built
1953

Listed By

Willie Ross
Prestige Partners Realty, Inc.

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Property Highlights

Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Concrete, Garage Door Opener, Garage, Electric Vehicle Charging Station(s), Detached, EV Ready, Yes
Garage Spaces: 4
Interior Details
Full Bathrooms: 1
Rooms: 5
Basement: Partially Finished, Full
Exterior Details
Square Footage: 1040
Square Footage Source: $0
Year Built: 1951
Waterfront Features: River Front
Waterbody Name: LITTLE CALUMET RIVER
Construction Materials: Brick
Lot Size Dimensions: 9343
Water Source: Lake Michigan
Financial Details
Tax Annual Amount: $2,538
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 28
  • 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: 4
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,343
  • Total Building Area: 985
  • Gross Building Area: 985
  • Building Area: 985
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 985
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEW ROSELAND
  • Land Acres: 0000000215
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: LOT 11 EXCEPT W 24 FT AS MEASURED A T RIGHT ANGLES TO W LN OF LOT AND W 16 FT OF LOT 12 AS MEASURED AT ...

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 530503

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 25-33-117-057-0000
  • Block: 16
  • Lot: 11,12
  • Meridian: SEC 33 TWN 37N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.6581
  • Longitude: -87.6401

    Address

  • Full Address: 731 W 129th Pl
  • Address - House Number: 731
  • Street Direction: W
  • Address - Street Name: 129th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C035
  • 4-Digit Zip Code: 7421
  • Zip Code: 60628

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $247,532
  • Tax Rate Code Area: 72197

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 174,192
  • High Value: 213,967
  • Low Value: 134,417

    Market Valuation

  • Market Total Value: $120,010
  • Market Land Value: $46,720
  • Market Improvement Value: $73,290

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,001
  • Assessed Land Value: $4,672
  • Assessed Improvements Value: $7,329
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Far South Chicago


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Frequently Asked Questions

When was property at 731 West 129th Place built and last sold?
The property at 731 West 129th Place was built in 1953 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 731 West 129th Place is $157,235.
What are some comparable homes to 731 West 129th Place?
There are currently no comparable homes to 731 West 129th Place.