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10745 South Prospect Avenue

10745 South Prospect Avenue, Chicago, IL 60643
Property in Morgan Park
Sold Dec 28, 2017
$367,000
$358,388 by Guaranteed Rate Inc
Mortgage Due Jan 01, 2048
Sold Jul 28, 2016
$119,000
Local assessors in Chicago, IL have categorized 10745 South Prospect Avenue as a residential type of property. The home was built in 1924 and is 100 years old. The property's lot size has been calculated to be 8,200 square feet. The linear feet between the front and back of the lot was measured at 1,640 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bungalow style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 10745 South Prospect Avenue has a total of 1,366 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a hot water heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 10745 South Prospect Avenue was last sold in Dec 15, 2017 for $367,000. According to our calculations, that's $268.67 per sqft. Prior to that sales transaction, the property was sold for $119,000 in Jun 9, 2016. Current property owners are expected to pay $4,126 in taxes per year. The property on 10745 South Prospect Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $20,000. To break that down further, the land itself was valued at $8,200. While improvements to the property were assessed at a total of $11,800. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,200
  • Lot Size Depth Feet: 1,640
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,366
  • Gross Building Area: 1,366
  • Building Area: 1,366
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 1,366
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HITTS SUB
  • Land Acres: 0.188
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WILLIAM M (HITTS) SUB OF SE SEC18 & NW SW SEC 17-37-14

Ownership

  • Current Owner : DAVIS JOHNSON KEISHA
  • Previous Owner : NEW VISION INVESTMENT GROUP LLC
  • Owner Before Previous Owner: JEFFERSON LATASHA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 750200

Zoning

  • Zoning: RS-1

Geography

  • Assessors Map Reference: May 01, 2049
  • District: 72
  • Parcel: 25-17-300-009-0000
  • Lot: 143
  • Meridian: SEC 17 TWN 37N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.698
  • Longitude: -87.6622

    Address

  • Full Address: 10745 S Prospect Ave
  • Address - House Number: 10745
  • Street Direction: S
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C009
  • 4-Digit Zip Code: 3427
  • Zip Code: 60643

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,126
  • Tax Rate Code Area: 72003

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 293,452
  • High Value: 360,459
  • Low Value: 226,445

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $366,496
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Dec 28, 2017
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $358,388
  • 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: Jan 01, 2048
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Dec 06, 2022
  • Second Open Lien Mortgage Loan Amount: $8,108
  • Second Open Lien Mortgage Term: 300
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2048

    Market Valuation

  • Market Total Value: $200,000
  • Market Land Value: $82,000
  • Market Improvement Value: $118,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,000
  • Assessed Land Value: $8,200
  • Assessed Improvements Value: $11,800

    Sales

  • Current Sale Contract Date: Dec 15, 2017
  • Current Sale Recording Date: Dec 28, 2017
  • Current Sale Transaction ID: 11342839063
  • Current Sale Price: $367,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1736206045
  • Previous Sale Recording Date: Jul 28, 2016
  • Previous Sale Contract Date: Jun 09, 2016
  • Previous Sale Amount: $119,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Dec 28, 2017
  • First Mortgage Loan Amount: $358,388
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2048

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Far South Chicago



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Frequently Asked Questions

What neighborhood is 10745 South Prospect Avenue located in?
The 10745 South Prospect Avenue is a located in the neighborhood of Morgan Park in Far South Chicago, Chicago.
What is the average sales price for listings in 10745 South Prospect Avenue?
The average sales price for units in 10745 South Prospect Avenue is $0 currently.

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