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1027 North Marshfield Avenue

1027 North Marshfield Avenue, Chicago, IL 60622
Sold Feb 17, 2004
$452,500
$430,000 by The First Commercial Bank
Mortgage Due Oct 01, 2036
1027 North Marshfield Avenue has been categorized by the local assessors in Chicago, IL as a residential type of property. The building on the property was first built in 1892 and is 132 years old. The home has a total of 12 rooms. 6 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1027 North Marshfield Avenue has 2,689 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,101 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily 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. For the features and amenities located on the property. There is a no garage for those who require parking. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of tar and gravel. The exterior walls of the building are made of masonry. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. The property was last sold in Dec 18, 2003 for $452,500. That's $168.28 per sqft. 1027 North Marshfield Avenue was last assessed in 2023. The total value of the property was assessed at $80,784. Specifically, the land the property is located on was valued at $21,707. While improvements on the property were assessed at a total of $59,077. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $16,616. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1892
  • Effective Year Built: 1892
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,101
  • Total Building Area: 2,689
  • Gross Building Area: 2,689
  • Building Area: 2,689
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,689
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JOHNSONS
  • Land Acres: 0.071
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : NEEDLMAN ALLEN S
  • Previous Owner : SURDELL KENNETH J

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 242100

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: 005-116-02
  • District: 77
  • Parcel: 17-06-420-007-0000
  • Lot: 23
  • Meridian: SEC 06 TWN 39N RNG 14E
  • Municipality: WEST CHICAGO
  • Latitude: 41.9005
  • Longitude: -87.6683

    Address

  • Full Address: 1027 N Marshfield Ave
  • Address - House Number: 1027
  • Street Direction: N
  • Address - Street Name: Marshfield
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C071
  • 4-Digit Zip Code: 3817
  • Zip Code: 60622

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,616
  • Tax Rate Code Area: 77001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 657,298
  • High Value: 825,250
  • Low Value: 489,345

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $825,500
  • First Open Lien Mortgage Lender: THE FIRST COMMERCIAL BANK
  • First Open Lien Mortgage Recording Date: Oct 06, 2006
  • First Open Lien Mortgage Loan Amount: $430,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2036
  • Second Open Lien Mortgage Lender: PEOPLES BANK
  • Second Open Lien Mortgage Recording Date: Jul 17, 2013
  • Second Open Lien Mortgage Financing Type: Fixed Rate
  • Second Open Lien Mortgage Loan Amount: $395,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Commercial
  • Second Open Lien Mortgage Loan Due Date: Jul 01, 2043

    Market Valuation

  • Market Total Value: $807,840
  • Market Land Value: $217,070
  • Market Improvement Value: $590,770

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,784
  • Assessed Land Value: $21,707
  • Assessed Improvements Value: $59,077

    Sales

  • Current Sale Contract Date: Dec 18, 2003
  • Current Sale Recording Date: Feb 17, 2004
  • Current Sale Transaction ID: 1177325125
  • Current Sale Price: $452,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 0404835043

About Northwest Side



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Frequently Asked Questions

What neighborhood is 1027 North Marshfield Avenue located in?
The 1027 North Marshfield Avenue is a located in the neighborhood of East Ukrainian Village in Northwest Side, Chicago.
What is the average sales price for listings in 1027 North Marshfield Avenue?
The average sales price for units in 1027 North Marshfield Avenue is $0 currently.

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