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1121 West Monroe Street

1121 West Monroe Street, Chicago, IL 60607
Property in Near West Side
Sold Nov 10, 2016
$1,651,500
$1,147,500 by Guaranteed Rate Inc
Mortgage Due Jan 01, 2051
Sold Feb 28, 2007
$1,041,500
$833,000 by Dba Bg Mortgage
Mortgage Due Mar 01, 2037
Local assessors in Chicago, IL have categorized 1121 West Monroe Street as a residential type of property. The home was built in 2007 and is 17 years old. The property's lot size has been calculated to be 1,393 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a modern style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 11 rooms in the home. Of these, 5 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 4 full bathrooms. There are also 5 partial bathrooms. This is a 3 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 1121 West Monroe Street has a total of 3,595 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 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 tar and gravel. 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 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. The property was last sold in Oct 26, 2016 for $1,651,500. That's $459.39 per sqft. Prior to that sales transaction, the property was also sold in Feb 22, 2007 for $1,041,500. 1121 West Monroe Street was last assessed in 2023. The total value of the property was assessed at $148,000. Specifically, the land the property is located on was valued at $6,965. While improvements on the property were assessed at a total of $141,035. 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 $29,839. 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. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Modern
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 3
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 1,393
  • Total Building Area: 3,595
  • Gross Building Area: 3,595
  • Building Area: 3,595
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 3,595
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHELSEA TWNHMS SUB
  • Land Acres: 0.032
  • Standard Land Use Code: Townhouse (residential)

Ownership

  • Current Owner : GUTMACHER MICHAEL
  • Current Owner 2: PIERCE JENNIFER
  • Previous Owner : JANOVAC KEVIN O
  • Previous Owner 2: AGEE JODI
  • Owner Before Previous Owner: MONROE RACINE TOWNHOMES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 833100

Zoning

  • Zoning: DR-3

Geography

  • District: 77
  • Parcel: 17-17-210-075-0000
  • Lot: 43
  • Municipality: WEST CHICAGO
  • Latitude: 41.8802
  • Longitude: -87.6556

    Address

  • Full Address: 1121 W Monroe St
  • Address - House Number: 1121
  • Street Direction: W
  • Address - Street Name: Monroe
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C090
  • 4-Digit Zip Code: 2506
  • Zip Code: 60607

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $29,839
  • Tax Rate Code Area: 77114

    Appraisal Valuation

  • Standard Deviation: 0.2309
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 1,771,085
  • High Value: 2,180,194
  • Low Value: 1,361,975

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,147,500
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Feb 01, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $1,147,500
  • 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: Jan 01, 2051

    Market Valuation

  • Market Total Value: $1,480,000
  • Market Land Value: $69,650
  • Market Improvement Value: $1,410,350

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $148,000
  • Assessed Land Value: $6,965
  • Assessed Improvements Value: $141,035

    Sales

  • Current Sale Contract Date: Oct 26, 2016
  • Current Sale Recording Date: Nov 10, 2016
  • Current Sale Transaction ID: 1853137476
  • Current Sale Price: $1,651,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1631545072
  • Previous Sale Recording Date: Feb 28, 2007
  • Previous Sale Contract Date: Feb 22, 2007
  • Previous Sale Amount: $1,041,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Nov 10, 2016
  • First Mortgage Loan Amount: $1,320,977
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2046

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: DBA BG MORTGAGE
  • Previous Mortgage Transaction Date: Feb 28, 2007
  • Previous Mortgage Loan Amount: $833,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Mar 01, 2037

About West Side



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Frequently Asked Questions

What neighborhood is 1121 West Monroe Street located in?
The 1121 West Monroe Street is a located in the neighborhood of Near West Side in West Side, Chicago.
What is the average sales price for listings in 1121 West Monroe Street?
The average sales price for units in 1121 West Monroe Street is $0 currently.

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