masterkey logo
6726 N Olympia Ave
Score
0
Chicago, IL

6726 N Olympia Ave

675K
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

0:00
0:00 / 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, 1998
Michael J Vick, Kathleen M VickJohn R Craig, Sandra Karp Craig
Warranty Deed
Standard Sale (Purchase/Resales)
$175,000Financed
May 24, 1996
Dorothy 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%

Market Insights

Real-time analysis of the local housing market

January 2025
Seller's Market

This is currently a competitive market for buyers in 60631. Homes are selling quickly and often above asking price, so be prepared to act fast and make strong offers.

$415,666
$245/sqft
7.6%
Change from last month
Your price: $675K (+62%)
Your price/sqft: $393/sqft (+61%)
60
17 sold last month
10.4%
Change from last month
47 days
Average for homes in this area
19.1%
Change from last month
This property: 5 days (-89%)

Sale Price Distribution

Last month
2
Over Asking
homes
5
At Asking
homes
10
Under Asking
homes
Total: 17 homes sold

If you're buying a home in 60631, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Sale Time Distribution

Last month
10
Under 30 Days
homes
Your property
4
30-90 Days
homes
3
Over 90 Days
homes
Total: 17 homes sold

Many homes in 60631 are selling fast, if you're buying plan to act quickly.

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Risk Assessment

Climate Risks

airMODERATE

6 bad air quality days per year

heatMINIMAL

7 extreme heat days per year

98th percentile: 99°F

windMINIMAL

Insurance: Recommended

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

fireMINIMAL

Insurance: Optional

Risk Analysis

• Aging infrastructure: As a 1928 home, there may be potential issues with plumbing, electrical, or roofing that require attention in the near future. A professional inspection is highly recommended to identify any hidden problems. • Radiant heating: Radiant heating can be less efficient and responsive than forced-air systems. Consider the cost of potential upgrades to a more modern system. • Air quality: The moderate air quality risk (4/10) and 6 bad air days per year could be a concern. Consider investing in air purifiers or other mitigation measures. • Property tax increases: Illinois has high property taxes, and they could increase over time, impacting the overall cost of ownership. Research recent property tax trends in Chicago and Edison Park. • Resale value of an updated property: The 154.7% increase since 1998 may not be sustainable. Understand that future value may not increase at the same rate.
Insurance
Annual Cost

$2,430

$203 per month

Price Prediction Challenge

Think you know what 6726 N Olympia Ave will sell for? Put your market expertise to the test!

Be the first to predict

Your local insight could help set the benchmark for other buyers.

No predictions yet

Kick off the challenge by making your guess. You'll help other buyers get a feel for this property’s value—and you might just claim the top spot when it sells.

Schools

Showing top 5 of 11 schools

Ebinger Elementary School

Public•Grades K-8
8/10
ElementaryMiddle
831 students

Maine South High School

Public•Grades 9-12
8/10
High
2,396 students

Niles West High School

Public•Grades 9-12
8/10
High
2,435 students

Eugene Field Elementary School

Public•Grades K-5
8/10
Elementary
651 students

Clarence E Culver School

Public•Grades PK-8
8/10
ElementaryMiddle
587 students

Financials

Monthly Costs
Market Rent (3 bed)

$1,827

Get a detailed estimate on Zillow®
Unlock Premium Features

Supercharge Your Property Analysis

Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.

Best for serious buyers
  • Unlimited AI analysis
  • Unlimited AI chat
  • Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

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

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

Frequently Asked Questions

Property Discussion

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Potential Savings
$20,250
Join 1,000+ buyers

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow® listing.

Free Analysis
AI-Powered Insights
Instant Results

Similar Properties

7625 W Isham Ave
Chicago, IL
0 pts

7625 W Isham Ave

$565K
3
4
1,500
View Analysis
3925 N Lowell Ave
Chicago, IL
0 pts

3925 N Lowell Ave

$733K
4
2
1,548
View Analysis
1720 N Mozart St
Chicago, IL
0 pts

1720 N Mozart St

$738K
3
3
2,050
View Analysis
View All Properties