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1220 East 79th Street

1220 East 79th Street, Chicago, IL 60619
Property in Grand Crossing
1220 East 79th Street has been categorized by the local assessors in Chicago, IL as a residential type of property. The building on the property was first built in 1967 and is 57 years old. The home has a total of 16 rooms. 8 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1220 East 79th Street has 3,523 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 1,220 ft and across the front of the lot is 550 ft. The area measurement of the land has been determined as 6,740 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 no garage for those who require parking. 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 masonry 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 masonry. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1220 East 79th Street sold most recently in Jan 13, 2023 for a total of $342,500. If you work out the math, that's approximately a cost of $97.22 per sqft. Before that, the property was also sold for $212,500 in Feb 11, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,331 in taxes each year. The initial year of tax delinquency occurred in 2021. 1220 East 79th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $18,000. If we break it down further, the land itself was valued at $8,425. Improvements to the property, however, were assessed at a total of $9,575. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20201208
12/08/2020
Loft
-
-
$235,000
bedrooms
Loft
bathrooms
-
$212,500 -9.57%
04/21/2021
-
Fernando Angelucci

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 16
  • Bedroom Count: 8
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • 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: 4
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,740
  • Lot Size Depth Feet: 1,220
  • Lot Size Frontage Feet: 550
  • Total Building Area: 3,523
  • Gross Building Area: 3,523
  • Building Area: 3,523
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 3,523
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CORNELL SUB
  • Land Acres: 0.155
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (CORNELL) SUB OF WH OF SEC26 & SE1/4 OF SEC26 EX EH O F NE1/4 OF SE1/4,NH OF NW1/4 OF SH OF NW1/4 LYING W OF ICRR & NW1/4 OF

Ownership

  • Current Owner : CHICAGO TITLE LAND TRUST
  • Previous Owner : 1220 E 79TH ST LLC
  • Owner Before Previous Owner: LI YIXIN
  • Owner Before Previous Owner 2: LIU DONGMEI
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 834300

Zoning

  • Zoning: B3-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 70
  • Parcel: 20-26-424-035-0000
  • Block: 95
  • Lot: 23
  • Meridian: SEC 26 TWN 38N RNG 14E
  • Municipality: HYDE PARK
  • Latitude: 41.7516
  • Longitude: -87.5946

    Address

  • Full Address: 1220 E 79th St
  • Address - House Number: 1220
  • Street Direction: E
  • Address - Street Name: 79th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C023
  • 4-Digit Zip Code: 3364
  • Zip Code: 60619

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,331
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 70071

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 275,611
  • High Value: 317,210
  • Low Value: 234,011

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $256,875
  • First Open Lien Mortgage Lender: CENTRAL SAVINGS FSB
  • First Open Lien Mortgage Recording Date: Jan 30, 2023
  • First Open Lien Mortgage Loan Amount: $256,875
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2033

    Market Valuation

  • Market Total Value: $180,000
  • Market Land Value: $84,250
  • Market Improvement Value: $95,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,000
  • Assessed Land Value: $8,425
  • Assessed Improvements Value: $9,575

    Sales

  • Current Sale Contract Date: Jan 13, 2023
  • Current Sale Recording Date: Jan 30, 2023
  • Current Sale Transaction ID: 11905409579
  • Current Sale Price: $342,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 33152
  • Previous Sale Recording Date: Apr 21, 2021
  • Previous Sale Contract Date: Feb 11, 2021
  • Previous Sale Amount: $212,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CENTRAL SAVINGS FSB
  • First Mortgage Transaction Date: Jan 30, 2023
  • First Mortgage Loan Amount: $256,875
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2033

    Previous Mortgages

  • Previous Mortgage Lender: MIRS GROUP GAP FUND LLC
  • Previous Mortgage Transaction Date: Apr 21, 2021
  • Previous Mortgage Loan Amount: $152,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Far South Chicago



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Frequently Asked Questions

What neighborhood is 1220 East 79th Street located in?
The 1220 East 79th Street is a located in the neighborhood of Grand Crossing in Far South Chicago, Chicago.
What is the average sales price for listings in 1220 East 79th Street?
The average sales price for units in 1220 East 79th Street is $235,000 currently.

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