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115 South Parkside Avenue

115 South Parkside Avenue, Chicago, IL 60644
Multifamily in South Austin
Sold Apr 10, 2020
$330,000
$321,054 by Nationstar Mortgage Llc
Mortgage Due Apr 01, 2051
Sold Aug 27, 2019
$162,000
Local assessors in Chicago, IL have categorized 115 South Parkside Avenue as a residential type of property. The home was built in 1916 and is 108 years old. The property's lot size has been calculated to be 5,280 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 7 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 3 full bathrooms. There are also 4 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 115 South Parkside Avenue has a total of 3,060 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. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. 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 tar and gravel. 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 heating system is the primary heating source. 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, 115 South Parkside Avenue was last sold in Mar 19, 2020 for $330,000. According to our calculations, that's $107.84 per sqft. Prior to that sales transaction, the property was sold for $162,000 in Jun 10, 2019. Current property owners are expected to pay $5,348 in taxes per year. The property on 115 South Parkside Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $26,000. To break that down further, the land itself was valued at $5,016. While improvements to the property were assessed at a total of $20,984. 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 possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 1916
  • Effective Year Built: 1916
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,280
  • Total Building Area: 3,060
  • Gross Building Area: 3,060
  • Building Area: 3,060
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 3,060
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: AUSTIN HEIGHTS
  • Land Acres: 0.121
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (AUSTIN)(HEIGHTS) SUB OF BLKS 1-4 OF A J KNISELYS ADD TO CHGO SUB OF ALL PT LYING N OF S 108 ACS NE SEC 17-39-13

Ownership

  • Current Owner : MCFADDEN RICKY
  • Previous Owner : 115 S PARKSIDE LLC
  • Owner Before Previous Owner: LAKEVIEW LOAN SERVICING LLC

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 252101

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: 018-103-02
  • District: 77
  • Parcel: 16-17-205-018-0000
  • Block: 1-4
  • Lot: 29,28
  • Meridian: SEC 17 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8787
  • Longitude: -87.7661

    Address

  • Full Address: 115 S Parkside Ave
  • Address - House Number: 115
  • Street Direction: S
  • Address - Street Name: Parkside
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C019
  • 4-Digit Zip Code: 3997
  • Zip Code: 60644

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,348
  • Tax Rate Code Area: 77001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 388,098
  • High Value: 487,264
  • Low Value: 288,931

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $321,054
  • First Open Lien Mortgage Lender: NATIONSTAR MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Apr 19, 2021
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $321,054
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $50,160
  • Market Improvement Value: $209,840

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $5,016
  • Assessed Improvements Value: $20,984

    Sales

  • Current Sale Contract Date: Mar 19, 2020
  • Current Sale Recording Date: Apr 10, 2020
  • Current Sale Transaction ID: 11754017279
  • Current Sale Price: $330,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2010120200
  • Previous Sale Recording Date: Aug 27, 2019
  • Previous Sale Contract Date: Jun 10, 2019
  • Previous Sale Amount: $162,000
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Apr 10, 2020
  • First Mortgage Loan Amount: $324,022
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Northwest Side



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Frequently Asked Questions

What neighborhood is 115 South Parkside Avenue located in?
The 115 South Parkside Avenue is a multifamily located in the neighborhood of South Austin in Northwest Side, Chicago.
What is the average sales price for listings in 115 South Parkside Avenue?
The average sales price for units in 115 South Parkside Avenue is $0 currently.

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