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1511 W 91st St
Score
0
Chicago, IL

1511 W 91st St

315K
5 bd • 2 ba • 1,700 sf

This analysis was generated on 2/8/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

0:00
0:00 / 0:00
List Price

$315,000

Price/Sq.Ft

$185

Year Built

1950

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Price per Square Foot: At $185.29 per square foot, this property is priced competitively compared to the Chicago average of approximately $250-$350 per square foot. This can be a significant advantage for buyers seeking affordability. • Size and Layout: With 5 bedrooms and 1,700 square feet, the house offers ample space for larger families or those needing extra bedrooms for guests or home offices. The three levels of living space provide separation and privacy. • Recent Renovations: The listing highlights a renovated kitchen, bathrooms, and flooring. These updates can reduce immediate maintenance costs and make the house move-in ready. • Two-Car Garage: A two-car garage is a valuable asset in Chicago, providing secure parking and storage space. Off-street parking can be difficult to find in many neighborhoods. • Central Air Conditioning: The property has central air conditioning, which is essential for comfort during Chicago's hot and humid summers.

The Bad

• School Rating: The closest high school, Corliss High School, has a rating of only 1/10, which is significantly below the city average. This could be a deterrent for families with older children. The city average school rating is around 6/10. • Moderate Flood Risk: The property has a flood risk of 3/10, requiring insurance. The area's flood risk is higher than areas with a flood risk of 1/10. • Unknown Renovation Quality: While the listing emphasizes renovations, the quality of workmanship is unknown. A professional inspection is crucial to identify any hidden issues or shortcuts taken during the renovation process. • Location: Washington Heights is a developing neighborhood. Property values may not appreciate as quickly as in more established areas closer to downtown. Median income in the area is $40,117, which is lower than the Chicago average.

The Ugly

• Listing History: The property has been listed and removed multiple times over the past few months, with several price reductions. This could indicate underlying issues or challenges in attracting buyers. The initial listing price in September 2024 was $329,999, and it is now listed at $315,000, a 4.5% decrease. • Renovation Permits: Verify that all renovations were properly permitted and inspected by the city. Unpermitted work can lead to fines or require costly corrections in the future. Check public records for permit history. • Older Home Issues: Built in 1950, the house may have outdated plumbing, electrical systems, or insulation. These issues can lead to higher utility bills and require future upgrades. The median year built for Chicago homes is around 1940, making this home slightly newer than average but still potentially subject to age-related issues. • Market Risk: While the price is competitive, there is always a risk of market downturns. Monitor local real estate trends and be prepared for potential fluctuations in property values.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Buyers Seeking a Move-In Ready Home: The recent renovations, including the kitchen, bathrooms, and flooring, mean less immediate work and expense for the new owner. • Multi-Generational Living: With 5 bedrooms and multiple living spaces across 3 levels, the house accommodates larger families or those needing space for in-laws or adult children. • Chicago Homebuyers Comfortable with $2,500 - $3,000/month in Housing Costs: Factoring in mortgage payments, property taxes (estimate based on similar properties in the area), and insurance, the monthly expenses fall in this range for a home at this price point. • Families Prioritizing Proximity to Elementary Schools: Fort Dearborn Elementary School, with a rating of 5/10, is located within walking distance (0.3 miles).

Not For

• Buyers Seeking Top-Rated Schools: Corliss High School, the closest high school, has a rating of 1/10, which may be a concern for families prioritizing education. • Buyers Seeking Minimal Maintenance: While renovated, older homes may require ongoing maintenance and repairs. Buyers seeking a truly low-maintenance property may prefer newer construction. • Buyers with Limited Budgets: While the price per square foot is attractive, total ownership costs (mortgage, taxes, insurance, potential repairs) may be higher than some buyers can afford. • Buyers Prioritizing Walkability and Amenities: Washington Heights, while improving, may not offer the same level of walkability, restaurants, and entertainment options as neighborhoods closer to downtown.
Demographics
Area Median Income

$40,117

Property History

Price History
Ownership Timeline
$115,000Cash Purchase
May 3, 2024
Linda J Johnson, Estate Of Emma J LewisJlo Investments Llc
Warranty Deed
Standard Sale (Purchase/Resales)

Property Taxes

$1,618
2022 Tax Assessment
2512.8%from previous year
Assessed Value$13,999
Tax Rate11.56%

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Climate Risks

airMODERATE

4 bad air quality days per year

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Recommended

heatMINIMAL

7 extreme heat days per year

98th percentile: 100°F

windMINIMAL

Insurance: Recommended

fireMINIMAL

Insurance: Optional

Risk Analysis

• Flood Risk (Moderate 3/10): The property is in FEMA Zone X_UNSHADED, but flood insurance is recommended. Review historical flood data for the area and consider mitigation measures, such as sump pump installation, to minimize risk. The average flood risk in Chicago is around 4/10, making this property slightly less secure from flood-related issues. • School Rating (Corliss High School 1/10): The low rating of the nearby high school could impact resale value and attractiveness to families with older children. Research alternative school options in the area. • Deferred Maintenance (Older Home): Although the listing highlights recent renovations, older homes often have underlying issues. A thorough inspection is crucial to identify potential problems with the foundation, plumbing, electrical systems, or roof. • Market Fluctuations: Real estate markets can fluctuate. Monitor local market trends and be prepared for potential changes in property values. Chicago's market can be sensitive to economic conditions and interest rate changes. • Property Tax Increases: Property taxes in Chicago are high and can increase. Factor potential future tax increases into your budget. Appeal your assessment if you believe it is too high.
Insurance
Annual Cost

$1,134

$95 per month

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Schools

Fort Dearborn Elementary School

Public•Grades PK-8
5/5
Primary
0.3 mi
Get more information on GreatSchools

Corliss High School

Public•Grades 9-12
1/5
High
3.4 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (5 bed)

$2,172

Get a detailed estimate on Zillow®
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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$315,000
Price/sqft
$185
Layout
5 bd•2 ba
Days on market
24 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$233,400

35.0%

Your price is 35.0% above average

Median Price

$287,500

9.6%

Based on 6 recent sales

Price per Sq.Ft

$149

24.4%

Your price is 24.4% above average $/sqft

Comparable Properties

9719 S Vanderpoel Avenue, Chicago, IL 60643
Price: $323,000
Sq.Ft: 1,660
Beds/Baths: 4/2
$/Sq.Ft:
$1955.0%
Sale Date: 10/15/2024
8412 S Morgan Street, Chicago, IL 60620
Price: $200,000
Sq.Ft: 1,680
Beds/Baths: 4/2
$/Sq.Ft:
$11935.8%
Sale Date: 10/4/2024
8718 S MARSHFIELD Avenue, Chicago, IL 60620
Price: $129,900
Sq.Ft: 1,494
Beds/Baths: 4/2
$/Sq.Ft:
$8753.1%
Sale Date: 10/15/2024
1728 W 90th Place, Chicago, IL 60620
Price: $287,500
Sq.Ft: 1,750
Beds/Baths: 4/2
$/Sq.Ft:
$16411.3%
Sale Date: 8/30/2024
1048 W 92nd Place, Chicago, IL 60620
Price: $160,000
Sq.Ft: 1,452
Beds/Baths: 5/2
$/Sq.Ft:
$11040.5%
Sale Date: 10/10/2024
9709 S Leavitt Street, Chicago, IL 60643
Price: $300,000
Sq.Ft: 1,386
Beds/Baths: 4/2
$/Sq.Ft:
$21616.8%
Sale Date: 9/11/2024

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