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1047 North California Avenue

1047 North California Avenue, Chicago, IL 60622
Commercial in Humboldt Park
Sold Jul 23, 2021
$650,000
$597,526 by Mutual Of Omaha Mortgage Inc
Mortgage Due Aug 01, 2051
Sold Aug 28, 2019
$615,000
$563,186 by Hometrust Mortgage Corp
Mortgage Due Aug 01, 2049
1047 North California 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 1898 and is 126 years old. The home has a total of 10 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 3 stories. In addition, 1047 North California Avenue has 2,268 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 3,125 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 detached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. 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 air conditioning at the moment. In terms of heating, it is utilizing a heating system. The property was last sold in Jul 7, 2021 for $650,000. That's $286.60 per sqft. Prior to that sales transaction, the property was also sold in Jul 24, 2019 for $615,000. 1047 North California Avenue was last assessed in 2023. The total value of the property was assessed at $52,001. Specifically, the land the property is located on was valued at $14,063. While improvements on the property were assessed at a total of $37,938. 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 $9,992. 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! 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.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1898
  • Effective Year Built: 1898
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 3
  • Living Units: 3
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,125
  • Total Building Area: 2,268
  • Gross Building Area: 2,268
  • Building Area: 2,268
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,268
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WATRISS
  • Land Acres: 0.072
  • Standard Land Use Code: Misc Residential improvement

Ownership

  • Current Owner : PEREZ REYNALDO
  • Current Owner 2: BALTAZAR GABRIELA
  • Previous Owner : BARRON MEGAN E
  • Previous Owner 2: ANDERSON KYLE D
  • Owner Before Previous Owner: AMS NEWMAN PROPERTIES LLC

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 242600

Zoning

  • Zoning: B3-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 16-01-408-005-0000
  • Block: 1
  • Lot: 23
  • Meridian: SEC 01 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.9007
  • Longitude: -87.6965

    Address

  • Full Address: 1047 N California Ave
  • Address - House Number: 1047
  • Street Direction: N
  • Address - Street Name: California
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C055
  • 4-Digit Zip Code: 3468
  • Zip Code: 60622

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,992
  • Tax Rate Code Area: 77001

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $597,526
  • First Open Lien Mortgage Lender: MUTUAL OF OMAHA MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Jul 23, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $597,526
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051

    Market Valuation

  • Market Total Value: $520,010
  • Market Land Value: $140,630
  • Market Improvement Value: $379,380

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $52,001
  • Assessed Land Value: $14,063
  • Assessed Improvements Value: $37,938

    Sales

  • Current Sale Contract Date: Jul 07, 2021
  • Current Sale Recording Date: Jul 23, 2021
  • Current Sale Transaction ID: 11844832192
  • Current Sale Price: $650,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2120401355
  • Previous Sale Recording Date: Aug 28, 2019
  • Previous Sale Contract Date: Jul 24, 2019
  • Previous Sale Amount: $615,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MUTUAL OF OMAHA MORTGAGE INC
  • First Mortgage Transaction Date: Jul 23, 2021
  • First Mortgage Loan Amount: $597,526
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: HOMETRUST MORTGAGE CORP
  • Previous Mortgage Transaction Date: Aug 28, 2019
  • Previous Mortgage Loan Amount: $563,186
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Aug 01, 2049

About Northwest Side



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Frequently Asked Questions

What neighborhood is 1047 North California Avenue located in?
The 1047 North California Avenue is a commercial located in the neighborhood of Humboldt Park in Northwest Side, Chicago.
What is the average sales price for listings in 1047 North California Avenue?
The average sales price for units in 1047 North California Avenue is $650,000 currently.

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