Score
0Chicago, IL
6726 N Olympia Ave
675K
3 beds
3 baths
1,716 sqft
3 bd • 3 ba • 1,716 sf
This analysis was generated on 2/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$675,000
Price/Sq.Ft
$393
Year Built
1928
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Prime location in Edison Park: The property is one block from Ebinger Elementary School (rated 9/10), two blocks from downtown shops and restaurants, and three blocks from the Metra station. This provides excellent access to amenities, transportation, and highly-rated schools.
• Unique architectural character: Built in 1928 by a German architect, the home boasts storybook-style architecture and well-preserved original details, including stained-glass windows and hardwood floors. This provides charm and character not found in newer homes.
• Extra-wide 50' lot with a 4-car garage plus carport: This is a rare find in Chicago, offering ample parking and storage space. Most homes in the area have a standard 25' lot and a 1-2 car garage.
• Functional layout with bathrooms on every level: The first-floor bedroom and bathroom provide accessibility, while the second floor has two oversized bedrooms. The presence of a full bathroom on each level adds convenience for families.
The Bad
• The price per square foot ($393.36) is above the Chicago average, which ranged from $300-$350 in early 2024 (source: Zillow). This indicates a premium for the location and character of the home, but buyers should be aware they are paying more per square foot.
• The home relies on radiant heating and wall unit(s) for cooling, which are less efficient than modern forced-air systems. This could result in higher utility bills, especially during Chicago's harsh winters and summers.
• While the location is convenient, being just two blocks from downtown Edison Park means potential for increased noise and traffic, especially during peak hours.
• The unfinished basement requires additional investment to be fully utilized as living space. Finishing a basement in Chicago can cost $30-$60 per square foot, adding a significant expense.
The Ugly
• The 154.7% price increase since the last sale in 1998 ($265,000) raises concerns about potential overvaluation. While Edison Park is a desirable neighborhood, such a significant increase may not be sustainable, especially if market conditions change. An independent appraisal is essential.
• The home's age (built in 1928) means that it may have underlying issues related to plumbing, electrical, or structural integrity. While well-maintained, older homes often require more frequent and costly repairs. A thorough inspection is crucial.
• The combination of radiant heating and wall unit(s) is outdated and inefficient. Utility costs could be significantly higher compared to homes with modern HVAC systems, especially during Chicago's extreme weather. Upgrading the system could be a major expense.
• The presence of an unfinished basement could indicate potential moisture or foundation issues. Basements in Chicago are prone to flooding, and any existing problems could be costly to repair.
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 well-maintained home with character in a family-friendly neighborhood: The proximity to a top-rated elementary school (Ebinger Elementary, 9/10 rating) and the home's storybook architecture will appeal to families. The median income in Edison Park is $103,588, indicating a stable and affluent community.
• Car enthusiasts or those needing extra storage: The 4-car garage plus carport is a rare find in Chicago and offers substantial space for vehicles and storage. Most homes in the area have a 1-2 car garage.
• Commuters needing convenient access to transportation: The Metra station is just three blocks away, providing a 30-minute ride to downtown Chicago. O'Hare Airport is also a short 15-minute drive, making travel easy.
• Buyers looking for a home with potential for future expansion: The unfinished basement offers a blank canvas for creating additional living space, adding value to the property.
Not For
• Buyers seeking a modern, open-concept home: This 1928 home retains its original character and charm, which may not appeal to those who prefer contemporary designs. The layout is more compartmentalized than open.
• Buyers needing a move-in ready home with no renovations: While well-maintained, the home's age means that some updates or cosmetic changes may be desired by some buyers. The unfinished basement also requires investment to be fully utilized.
• Buyers prioritizing a large backyard: While the lot is wide (50'), the extra space is primarily dedicated to the 4-car garage and carport, leaving a smaller backyard than some buyers may prefer.
• Buyers sensitive to air quality: The moderate air quality risk (4/10) and 6 bad air days per year may be a concern for individuals with respiratory issues. Areas further from the city center may offer better air quality.
Demographics
Area Median Income
$103,588
Property History
Price History
Ownership Timeline
$265,000Financed
Oct 15, 1998Michael J Vick, Kathleen M VickJohn R Craig, Sandra Karp Craig
Warranty Deed
Standard Sale (Purchase/Resales)
$175,000Financed
May 24, 1996Dorothy C GilloffoMichael J Vick, Kathleen M Holford
Warranty Deed
Standard Sale (Purchase/Resales)
Property Taxes
$9,365
2022 Tax Assessment
4.3%from previous year
Assessed Value$48,951
Tax Rate19.13%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
6.8/10
GoodMiddle
6.4/10
GoodHigh
6.7/10
GoodFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,158
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$675,000
Price/sqft
$393
Layout
3 bd•3 ba
Days on market
5 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$515,983
30.8%
Your price is 30.8% above average
Median Price
$535,000
26.2%
Based on 6 recent sales
Price per Sq.Ft
$278
41.5%
Your price is 41.5% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 6828 W Highland Avenue, Chicago, IL 60631 | $516,000 | 1,900 | 4 | 3 | $27231.0% | 1/29/2025 |
| 7151 N Ottawa Avenue, Chicago, IL 60631 | $599,900 | 1,700 | 4 | 3 | $35310.3% | 10/14/2024 |
| 106 N Prospect Avenue, Park Ridge, IL 60068 | $700,000 | 2,000 | 4 | 3 | $35011.0% | 10/24/2024 |
| 6030 N Olympia Avenue, Chicago, IL 60631 | $535,000 | 2,050 | 4 | 3 | $26133.7% | 10/24/2024 |
| 6282 N Niagara Avenue, Chicago, IL 60631 | $370,000 | 1,800 | 3 | 2 | $20647.7% | 1/29/2025 |
| 7319 N Oketo Avenue, Chicago, IL 60631 | $375,000 | 1,668 | 4 | 2 | $22542.8% | 11/11/2024 |
6828 W Highland Avenue, Chicago, IL 60631
Price: $516,000
Sq.Ft: 1,900
Beds/Baths: 4/3
$/Sq.Ft:
$27231.0%
Sale Date: 1/29/2025
7151 N Ottawa Avenue, Chicago, IL 60631
Price: $599,900
Sq.Ft: 1,700
Beds/Baths: 4/3
$/Sq.Ft:
$35310.3%
Sale Date: 10/14/2024
106 N Prospect Avenue, Park Ridge, IL 60068
Price: $700,000
Sq.Ft: 2,000
Beds/Baths: 4/3
$/Sq.Ft:
$35011.0%
Sale Date: 10/24/2024
6030 N Olympia Avenue, Chicago, IL 60631
Price: $535,000
Sq.Ft: 2,050
Beds/Baths: 4/3
$/Sq.Ft:
$26133.7%
Sale Date: 10/24/2024
6282 N Niagara Avenue, Chicago, IL 60631
Price: $370,000
Sq.Ft: 1,800
Beds/Baths: 3/2
$/Sq.Ft:
$20647.7%
Sale Date: 1/29/2025
7319 N Oketo Avenue, Chicago, IL 60631
Price: $375,000
Sq.Ft: 1,668
Beds/Baths: 4/2
$/Sq.Ft:
$22542.8%
Sale Date: 11/11/2024
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