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8616 S Emerald Ave, Chicago, IL, 60620

4beds
2baths
1,246sqft
$149,000
$120price/sqft
$1,248/moest. monthly cost
$49,920/yrincome needed

About This Home

.Short Sale - Subject to Third-Party Approval Welcome to 8616 S Emerald Ave, where modern living meets contemporary style in this newly renovated single-family home! Short sale - third-party approval required with any offer, so don't miss this opportunity. Step into a home bathed in natural light, showcasing fresh updates throughout. From sleek engineered hardwood flooring to soft, plush carpeting and newly applied paint, every corner reflects elegance and comfort. Situated on a gated double lot, the outdoor space provides plenty of room for relaxation and entertainment. Inside, you'll be greeted by a spacious living room, perfect for gatherings or a quiet evening at home. The updated kitchen is a chef's dream with brand-new white cabinetry, added shelving, and ample storage, including a pantry. A convenient large primary bedroom is located on the main level. Upstairs, two additional cozy bedrooms and a versatile open space offer endless possibilities, whether you're in need of a home office, play area, or extra living space. The upper-level full bath adds convenience and privacy. The unfinished basement provides an open canvas for you to create your ideal family room or entertainment space. Located on a quiet one-way street, this home is within walking distance to Harold's Chicken, Pepe's Mexican Food, The Home Depot, Lowe's, Aldi, and steps from public transportation. Seize the chance to own this stunning home! Submit your offer today - short sale with third-party approval required

Getting Around

66
WalkingSomewhat Walkable
58
TransitGood Transit
67
BikeBikeable

Schools

Construction

Condition

  • Year built: 1898

Materials

  • Construction materials: Vinyl Siding

Notable Dates

  • Major remodel year: 2023

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Partially Finished,Full

Bedroom2

  • Features: Flooring (Carpet)
  • Level: Second
  • Area: 110
  • Dimensions: 11X10

Bedroom3

  • Features: Flooring (Carpet)
  • Level: Second
  • Area: 99
  • Dimensions: 11X9

Bedroom4

  • Features: Flooring (Carpet)
  • Level: Second
  • Area: 120
  • Dimensions: 12X10

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Features: Flooring (Vinyl)
  • Level: Main
  • Area: 100
  • Dimensions: 10X10

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 0
  • Total interior livable area: 1,246 sqft

Kitchen

  • Features: Flooring (Vinyl)
  • Level: Main
  • Area: 132
  • Dimensions: 12X11

Living Room

  • Features: Flooring (Vinyl)
  • Level: Main
  • Area: 144
  • Dimensions: 12X12

Master Bedroom

  • Features: Flooring (Carpet)
  • Level: Main
  • Area: 132
  • Dimensions: 12X11

Property

Accessibility

  • Accessibility features: No Disability Access

Details

  • Parcel number: 20333140110000
  • Special condition: List Broker Must Accompany

Features

  • Stories: 1

Lot

  • Lot size: 3,125 sqft
  • Lot size dimensions: 25X125

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Winter Weather
Tsunami

FEMA Declared Disasters Across Illinois Counties

Flood
Other
Severe Storm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $753$9,036
Home Insurance *$151$1,812
Property Taxes $214$2,568
Electricity $130$1,569
Total$1,248$14,976
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$42,788/yr
40% on housing$37,440/yr
45% on housing$33,280/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.1%
15.1%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$120This listing

vs Other Active Listings

Avg $/sqft

ZIP 60620$150
Cook County$225

vs Homes Sold Last Month

Median $/sqft

ZIP 60620$126
Cook County$219

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-03Price change$149,000
2026-03-31Listed for sale$160,000
2026-03-07Listing removed$170,000
2026-02-01Price change$170,000
2025-03-09Pending sale$160,000
2024-12-13Price change$160,000
2024-10-11Listed for sale$165,000
2024-08-01Listing removed--
2024-05-02Price change$195,000
2024-03-26Listed for sale$225,000
2024-03-11Listing removed--
2024-02-23Listed for sale$245,000
2023-07-26Listing removed--
2023-06-21Price change$265,000
2023-05-16Listed for sale$270,000
2022-08-24Sold$80,000
2022-06-29Contingent$80,000
2022-06-14Listed for sale$80,000
2020-06-01Listing removed$70,000
2020-02-14Price change$70,000
2020-01-11Listed for sale$75,000
2014-04-05Listing removed$95,500
2014-01-05Listed for sale$95,500
2008-10-24Sold$13,000

For Sale by Agent

AgentSherri Washington
BrokerageTADD Realty

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