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1226 East 72nd Street

1226 East 72nd Street, Chicago, IL 60619
Property in Grand Crossing
Sold May 23, 2022
Transfer
$153,600 by Us Bank National Association
Mortgage Due Jun 01, 2052
Sold Sep 25, 2018
$35,000
1226 East 72nd 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 1950 and is 74 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 1226 East 72nd Street has 1,226 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 1,250 ft and across the front of the lot is 350 ft. The area measurement of the land has been determined as 4,375 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown.

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 heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Prior to that sales transaction, the property was sold for $35,000 in Sep 24, 2018. Current property owners are expected to pay $1,512 in taxes per year. The property on 1226 East 72nd Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $7,353. To break that down further, the land itself was valued at $5,469. While improvements to the property were assessed at a total of $1,884. 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. 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. 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: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,375
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 350
  • Total Building Area: 1,226
  • Gross Building Area: 1,226
  • Building Area: 1,226
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,226
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CORNELL SUB
  • Land Acres: 0.1
  • Standard Land Use Code: Single family residential
  • 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 : BURCH DESTINEE
  • Previous Owner : RED BARN OPPORTUNITY FUND LLC SERIES 2
  • Owner Before Previous Owner: COMMUNITY INITIATIVES INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 841800

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Dec 01, 2026
  • District: 70
  • Parcel: 20-26-200-037-0000
  • Block: 4
  • Lot: 24,23
  • Meridian: SEC 26 TWN 38N RNG 14E
  • Municipality: HYDE PARK
  • Latitude: 41.7653
  • Longitude: -87.5947

    Address

  • Full Address: 1226 E 71st Pl
  • Address - House Number: 1226
  • Street Direction: E
  • Address - Street Name: 71st
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C012
  • 4-Digit Zip Code: 1306
  • Zip Code: 60619

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,512
  • Tax Rate Code Area: 70050

    Appraisal Valuation

  • Standard Deviation: 0.2669
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 61
  • Final Value: 151,131
  • High Value: 191,475
  • Low Value: 110,788

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $159,100
  • First Open Lien Mortgage Lender: US BANK NATIONAL ASSOCIATION
  • First Open Lien Mortgage Recording Date: May 23, 2022
  • First Open Lien Mortgage Loan Amount: $153,600
  • 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
  • Second Open Lien Mortgage Recording Date: May 23, 2022
  • Second Open Lien Mortgage Loan Amount: $5,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Jun 01, 2052

    Market Valuation

  • Market Total Value: $73,530
  • Market Land Value: $54,690
  • Market Improvement Value: $18,840

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,353
  • Assessed Land Value: $5,469
  • Assessed Improvements Value: $1,884

    Sales

  • Current Sale Contract Date: May 13, 2022
  • Current Sale Recording Date: May 23, 2022
  • Current Sale Transaction ID: 11905437692
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 42027
  • Previous Sale Recording Date: Sep 25, 2018
  • Previous Sale Contract Date: Sep 24, 2018
  • Previous Sale Amount: $35,000
  • Previous Sale Document Type: Re-recorded Document

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NATIONAL ASSOCIATION
  • First Mortgage Transaction Date: May 23, 2022
  • First Mortgage Loan Amount: $153,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2052
  • Second Mortgage Loan Amount: $5,500

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Frequently Asked Questions

What neighborhood is 1226 East 72nd Street located in?
The 1226 East 72nd Street is a located in the neighborhood of Grand Crossing in Far South Chicago, Chicago.
What is the average sales price for listings in 1226 East 72nd Street?
The average sales price for units in 1226 East 72nd Street is $0 currently.

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