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10895 South Prospect Avenue

10895 South Prospect Avenue, Chicago, IL 60643
Multifamily in Morgan Park
Sold Oct 02, 2019
$275,000
$206,250 by Bank Of America Na
Mortgage Due Oct 01, 2049
10895 South Prospect Avenue in Chicago, IL was first built in 1926 and is 98 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 10895 South Prospect Avenue has 2,492 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 4,900 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a hot water heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Sep 25, 2019 for $275,000. That's $110.35 per sqft. 10895 South Prospect Avenue was last assessed in 2023. The total value of the property was assessed at $24,000. Specifically, the land the property is located on was valued at $4,900. While improvements on the property were assessed at a total of $19,100. 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 $4,951. 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

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • 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: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,900
  • Total Building Area: 2,492
  • Gross Building Area: 2,492
  • Building Area: 2,492
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,492
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BLUE ISLAND LAND & BLDG CO
  • Land Acres: 0.113
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: NORTHEASTERLY 5 FT OF LOT 1 & 2 IN BLUE ISLAND LAND & BUILDING COMPANY W2 NW4 OF SEC20+ T37N R14E 3P

Ownership

  • Current Owner : WHITT BENJAMIN
  • Previous Owner : WILLIS MARK
  • Previous Owner 2: MARTIN JUAN Z

Neighborhood

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

Zoning

  • Zoning: RS-1

Geography

  • Assessors Map Reference: Apr 03, 2049
  • District: 72
  • Parcel: 25-18-411-025-0000
  • Lot: 1
  • Meridian: SEC 18 TWN 37N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.6953
  • Longitude: -87.6662

    Address

  • Full Address: 10895 S Prospect Ave
  • Address - House Number: 10895
  • Street Direction: S
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C059
  • 4-Digit Zip Code: 3403
  • Zip Code: 60643

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,951
  • Tax Rate Code Area: 72003

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 247,638
  • High Value: 285,015
  • Low Value: 210,260

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $206,250
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Oct 02, 2019
  • First Open Lien Mortgage Loan Amount: $206,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2049

    Market Valuation

  • Market Total Value: $240,000
  • Market Land Value: $49,000
  • Market Improvement Value: $191,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,000
  • Assessed Land Value: $4,900
  • Assessed Improvements Value: $19,100

    Sales

  • Current Sale Contract Date: Sep 25, 2019
  • Current Sale Recording Date: Oct 02, 2019
  • Current Sale Transaction ID: 11657576687
  • Current Sale Price: $275,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1927506077

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Oct 02, 2019
  • First Mortgage Loan Amount: $206,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2049

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Frequently Asked Questions

What neighborhood is 10895 South Prospect Avenue located in?
The 10895 South Prospect Avenue is a multifamily located in the neighborhood of Morgan Park in Far South Chicago, Chicago.
What is the average sales price for listings in 10895 South Prospect Avenue?
The average sales price for units in 10895 South Prospect Avenue is $0 currently.

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