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1220 North Parkside Avenue

1220 North Parkside Avenue, Chicago, IL 60651
Multifamily in North Austin
Sold Apr 16, 2021
$385,000
$378,026 by Leader One Financial Corp
Mortgage Due May 01, 2051
Sold Apr 12, 2019
$320,000
$314,204 by Paramount Residential Mortgage
Mortgage Due May 01, 2049
1220 North Parkside Avenue 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 1923 and is 101 years old. The home has a total of 7 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1220 North Parkside Avenue has 2,804 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,844 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 is one available parking space. 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 air conditioning at the moment. In terms of heating, it is utilizing a 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 North Parkside Avenue sold most recently in Apr 6, 2021 for a total of $385,000. If you work out the math, that's approximately a cost of $137.30 per sqft. Before that, the property was also sold for $320,000 in Apr 11, 2019. 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 $4,936 in taxes each year. 1220 North Parkside Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $24,000. If we break it down further, the land itself was valued at $3,844. Improvements to the property, however, were assessed at a total of $20,156. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 3
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,844
  • Total Building Area: 2,804
  • Gross Building Area: 2,804
  • Building Area: 2,804
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,804
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TODDS
  • Land Acres: 0.088
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : SALGADO EVELIA
  • Current Owner 2: SALGADO JANET
  • Previous Owner : GOMEZ JESUS M
  • Previous Owner 2: BARRON MARIA DOLORES
  • Owner Before Previous Owner: ROBLES LUIS A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 250600

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: 021-121-05
  • District: 77
  • Parcel: 16-05-230-028-0000
  • Lot: 14
  • Meridian: SEC 05 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.9028
  • Longitude: -87.7672

    Address

  • Full Address: 1220 N Parkside Ave
  • Address - House Number: 1220
  • Street Direction: N
  • Address - Street Name: Parkside
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C055
  • 4-Digit Zip Code: 1143
  • Zip Code: 60651

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,936
  • Tax Rate Code Area: 77001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 378,271
  • High Value: 474,926
  • Low Value: 281,615

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $391,501
  • First Open Lien Mortgage Lender: LEADER ONE FINANCIAL CORP
  • First Open Lien Mortgage Recording Date: Apr 16, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $378,026
  • 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: May 01, 2051
  • Second Open Lien Mortgage Lender: LEADER ONE FINANCIAL CORP
  • Second Open Lien Mortgage Recording Date: Apr 16, 2021
  • Second Open Lien Mortgage Loan Amount: $13,475
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second
  • Second Open Lien Mortgage Loan Due Date: May 01, 2051

    Market Valuation

  • Market Total Value: $240,000
  • Market Land Value: $38,440
  • Market Improvement Value: $201,560

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,000
  • Assessed Land Value: $3,844
  • Assessed Improvements Value: $20,156

    Sales

  • Current Sale Contract Date: Apr 06, 2021
  • Current Sale Recording Date: Apr 16, 2021
  • Current Sale Transaction ID: 11831354769
  • Current Sale Price: $385,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2110628279
  • Previous Sale Recording Date: Apr 12, 2019
  • Previous Sale Contract Date: Apr 11, 2019
  • Previous Sale Amount: $320,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LEADER ONE FINANCIAL CORP
  • First Mortgage Transaction Date: Apr 16, 2021
  • First Mortgage Loan Amount: $378,026
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • Previous Mortgage Transaction Date: Apr 12, 2019
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $314,204
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: May 01, 2049

About Northwest Side



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Frequently Asked Questions

What neighborhood is 1220 North Parkside Avenue located in?
The 1220 North Parkside Avenue is a multifamily located in the neighborhood of North Austin in Northwest Side, Chicago.
What is the average sales price for listings in 1220 North Parkside Avenue?
The average sales price for units in 1220 North Parkside Avenue is $385,000 currently.

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