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1023 West Rundell Place

1023 West Rundell Place, Chicago, IL 60607
Property in Near West Side
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1023 West Rundell Place has been categorized by the local assessors in Chicago, IL as a commercial type of property. The building on the property was first built in 1884 and is 140 years old. This is a single story building so stairs are not necessary to access other parts of the home. The linear feet between the front and back of the lot is 1,200 ft and across the front of the lot is 240 ft. The area measurement of the land has been determined as 2,880 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1023 West Rundell Place sold most recently in Dec 22, 1998 for a total of $170,000. If you work out the math, that's approximately a cost of $45.95 per sqft. Before that, the property was also sold for $170,000 in Dec 22, 1998. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $18,734 in taxes each year. 1023 West Rundell Place was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $90,772. If we break it down further, the land itself was valued at $25,200. Improvements to the property, however, were assessed at a total of $65,572. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20170713
07/13/2017
4 Bed
3 Bath
2598 ft²
-
bedrooms
4 Bed
bathrooms
3 Bath
square feet
2598 ft²
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1884
  • Effective Year Built: 1884
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Unknown
  • Floor Count: 1
  • Living Units: 6
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,880
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 240
  • Total Building Area: 3,700
  • Building Area: 3,700
  • Building Area Measurement: Building Perimeter

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: CANAL TRUSTEES SUB
  • Land Acres: 0.66
  • Standard Land Use Code: Commercial building
  • Legal Description 1: (SUBDIVISION) OF BLK1 IN CANAL TRUSTEES SUB OF WH & W H NE SEC, ALSO OF BLK5 IN DUNCANS ADD TO CHICAGO IN EH NE SEC 17-39-14

Ownership

  • Current Owner : COLE TAYLOR BANK
  • Current Owner 2: COLE TAYLOR BANK TRUST #98-4531
  • Previous Owner : NEWMAN RALPH D
  • Owner Before Previous Owner: NEWMAN RALPH D
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 833100

Zoning

  • Zoning: DX-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 17-17-203-015-0000
  • Block: 1,5
  • Lot: 10
  • Meridian: SEC 17 TWN 39N RNG 14E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8814
  • Longitude: -87.653

    Address

  • Full Address: 1023 W Madison St
  • Address - House Number: 1023
  • Street Direction: W
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C045
  • 4-Digit Zip Code: 2007
  • Zip Code: 60607

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $18,734
  • Tax Rate Code Area: 77100

    Market Valuation

  • Market Total Value: $363,088
  • Market Land Value: $100,800
  • Market Improvement Value: $262,288

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $90,772
  • Assessed Land Value: $25,200
  • Assessed Improvements Value: $65,572

    Sales

  • Current Sale Contract Date: Dec 22, 1998
  • Current Sale Recording Date: Mar 26, 1999
  • Current Sale Transaction ID: 1133299313
  • Current Sale Price: $170,000
  • Current Sale Document Type: Re-recorded Document
  • Current Sale Input Document Number: 99295592
  • Previous Sale Recording Date: Jan 27, 1999
  • Previous Sale Contract Date: Dec 22, 1998
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: Other

    Previous Mortgages

  • Previous Mortgage Lender: COLE TAYLOR BANK
  • Previous Mortgage Transaction Date: Jan 27, 1999
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $140,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About West Side



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1023 West Rundell Place located in?
The 1023 West Rundell Place is a located in the neighborhood of Near West Side in West Side, Chicago.
What is the average sales price for listings in 1023 West Rundell Place?
The average sales price for units in 1023 West Rundell Place is $0 currently.

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