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1117 Erie Street

1117 Erie Street, Oak Park, IL 60302
Property in Oak Park
Sold May 27, 2022
$950,000
$760,000 by Crosscountry Mortgage Llc
Mortgage Due Jun 01, 2052
Sold Jun 20, 2017
$750,000
$600,000 by Jpmorgan Chase Bank Na
Mortgage Due Jul 01, 2047
1117 Erie Street has been categorized by the local assessors in Oak Park, 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 20 rooms. 10 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 6 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1117 Erie Street has 4,740 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,830 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 9,200 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 frame 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 asphalt. The exterior walls of the building are made of wood. 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. There is a single fireplace in the home. Perfect for those wintery nights. 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, 1117 Erie Street was last sold in May 23, 2022 for $950,000. According to our calculations, that's $200.42 per sqft. Prior to that sales transaction, the property was sold for $750,000 in Jun 19, 2017. Current property owners are expected to pay $26,614 in taxes per year. The property on 1117 Erie Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $119,125. To break that down further, the land itself was valued at $11,960. While improvements to the property were assessed at a total of $107,165. 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: 1898
  • Effective Year Built: 1898
  • Building Count: 2
  • Total Rooms: 20
  • Bedroom Count: 10
  • Bathroom Count: 6
  • Full Bathrooms: 4
  • Partial Bathrooms: 6
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Wood
  • 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: 9,200
  • Lot Size Depth Feet: 1,830
  • Lot Size Frontage Feet: 500
  • Total Building Area: 4,740
  • Gross Building Area: 4,740
  • Building Area: 4,740
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 4,740
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: KETTLESTRINGS ADD TO HARLEM
  • Land Acres: 0.211
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (KETTLESTRINGS) ADD TO (HARLEM) SUB OF PT NW SEC 07-39-13

Ownership

  • Current Owner : DANNER CHASE
  • Current Owner 2: DANNER VICTORIA
  • Previous Owner : FERRIGNO MATTHEW A
  • Previous Owner 2: FERRIGNO LAUREN S
  • Owner Before Previous Owner: DAHLSTROM PATRICK
  • Owner Before Previous Owner 2: DAHLSTROM REBECCA
  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Oak Park and River Forest District 200
  • Census Tract: 812301

Geography

  • District: 27
  • Parcel: 16-07-110-004-0000
  • Block: 7
  • Lot: 18
  • Meridian: SEC 07 TWN 39N RNG 13E
  • Municipality: OAK PARK
  • Latitude: 41.8915
  • Longitude: -87.8036

    Address

  • Full Address: 1117 Erie St
  • Address - House Number: 1117
  • Address - Street Name: Erie
  • Address - Suffix Type: St
  • State: IL
  • City Name: Oak Park
  • Carrier Code: C022
  • 4-Digit Zip Code: 4522
  • Zip Code: 60302

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $26,614
  • Tax Rate Code Area: 27001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 1,399,677
  • High Value: 1,757,321
  • Low Value: 1,042,032

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $760,000
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: May 27, 2022
  • First Open Lien Mortgage Loan Amount: $760,000
  • 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: Jun 01, 2052

    Market Valuation

  • Market Total Value: $1,191,250
  • Market Land Value: $119,600
  • Market Improvement Value: $1,071,650

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $119,125
  • Assessed Land Value: $11,960
  • Assessed Improvements Value: $107,165

    Sales

  • Current Sale Contract Date: May 23, 2022
  • Current Sale Recording Date: May 27, 2022
  • Current Sale Transaction ID: 11905289903
  • Current Sale Price: $950,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 17205
  • Previous Sale Recording Date: Jun 20, 2017
  • Previous Sale Contract Date: Jun 19, 2017
  • Previous Sale Amount: $750,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Mortgage Transaction Date: May 27, 2022
  • First Mortgage Loan Amount: $760,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: JPMORGAN CHASE BANK NA
  • Previous Mortgage Transaction Date: Jun 20, 2017
  • Previous Mortgage Loan Amount: $600,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jul 01, 2047

About Oak Park



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Frequently Asked Questions

What neighborhood is 1117 Erie Street located in?
The 1117 Erie Street is a located in the neighborhood of Oak Park in Oak Park, Oak Park.
What is the average sales price for listings in 1117 Erie Street?
The average sales price for units in 1117 Erie Street is $0 currently.

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