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1115 West Vernon Park Place

1115 West Vernon Park Place, Chicago, IL 60607
Sold Aug 21, 2020
$650,000
$507,000 by Home Point Financial Corporati
Mortgage Due Oct 01, 2041
Local assessors in Chicago, IL have categorized 1115 West Vernon Park Place as a residential type of property. The home was built in 1890 and is 134 years old. The property's lot size has been calculated to be 2,600 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 13 rooms in the home. Of these, 7 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 are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1115 West Vernon Park Place has a total of 3,316 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 attached 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 frame 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 central air conditioning for their cooling system. The home's a hot water heating system is the primary heating source. The property was last sold in Jul 1, 2020 for $650,000. That's $196.02 per sqft. 1115 West Vernon Park Place was last assessed in 2022. The total value of the property was assessed at $66,414. Specifically, the land the property is located on was valued at $11,700. While improvements on the property were assessed at a total of $54,714. 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 $13,001. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 13
  • Bedroom Count: 7
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 2,600
  • Total Building Area: 3,316
  • Gross Building Area: 3,316
  • Building Area: 3,316
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 3,316
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MACALISTERS SUB
  • Land Acres: 0.06
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (MACALISTERS) SUB OF BLK7 IN CANAL TRUSTEES SUB OF SE SEC 17-39-14

Ownership

  • Current Owner : MASTRODOMENICO SALVATORE
  • Current Owner 2: IAZZETTO JOSEPH
  • Previous Owner : FRESTIA GIOVANNI
  • Previous Owner 2: FRESTIA GIOVANNI PRESTIA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 833300

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 17-17-410-003-0000
  • Block: 7
  • Lot: 4
  • Meridian: SEC 17 TWN 39N RNG 14E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8727
  • Longitude: -87.6549

    Address

  • Full Address: 1115 W Vernon Park Pl
  • Address - House Number: 1115
  • Street Direction: W
  • Address - Street Name: Vernon Park
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C001
  • 4-Digit Zip Code: 3424
  • Zip Code: 60607

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,001
  • Tax Rate Code Area: 77100

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $507,000
  • First Open Lien Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Open Lien Mortgage Recording Date: Sep 29, 2021
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $507,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2041

    Market Valuation

  • Market Total Value: $664,140
  • Market Land Value: $117,000
  • Market Improvement Value: $547,140

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $66,414
  • Assessed Land Value: $11,700
  • Assessed Improvements Value: $54,714

    Sales

  • Current Sale Contract Date: Jul 01, 2020
  • Current Sale Recording Date: Aug 21, 2020
  • Current Sale Transaction ID: 11783486783
  • Current Sale Price: $650,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2023407287

    Last Sale Mortgage

  • First Mortgage Lender: FIRST CENTENNIAL MORTGAGE CORP
  • First Mortgage Transaction Date: Aug 21, 2020
  • First Mortgage Loan Amount: $510,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Aug 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 1115 West Vernon Park Place located in?
The 1115 West Vernon Park Place is a multifamily located in the neighborhood of University Village - Little Italy in West Side, Chicago.
What is the average sales price for listings in 1115 West Vernon Park Place?
The average sales price for units in 1115 West Vernon Park Place is $0 currently.

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