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1226 South Kolin Avenue

1226 South Kolin Avenue, Chicago, IL 60623
Multifamily in Lawndale
Sold Jan 03, 2022
$364,000
$357,407 by Neighborhood Loans
Mortgage Due Jan 01, 2052
Sold Aug 27, 2015
$220,000
Seller
$216,015 by Mortgage Solutions Of Colorado
Mortgage Due Sep 01, 2045
Local assessors in Chicago, IL have categorized 1226 South Kolin Avenue as a residential type of property. The home was built in 1912 and is 112 years old. The property's lot size has been calculated to be 3,125 square feet. The linear feet between the front and back of the lot was measured at 1,250 ft and the front of the lot was measured at 250 ft. 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 15 rooms in the home. Of these, 6 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 3 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 1226 South Kolin Avenue has a total of 2,988 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 storm 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 no garage for those who need a place to park their vehicle. 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 hot water heating system is the primary heating source. The property was last sold in Dec 13, 2021 for $364,000. That's $121.82 per sqft. Prior to that sales transaction, the property was also sold in Aug 24, 2015 for $220,000. 1226 South Kolin Avenue was last assessed in 2023. The total value of the property was assessed at $10,000. Specifically, the land the property is located on was valued at $3,672. While improvements on the property were assessed at a total of $6,328. 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 $2,064. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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.

Building Features

Exterior

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

Building Info

Overview

    General

  • Year Built: 1912
  • Effective Year Built: 1912
  • Building Count: 1
  • Total Rooms: 15
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 3
  • Living Units: 3
  • Business/Commerical Units Count: 3
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,125
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 2,988
  • Gross Building Area: 2,988
  • Building Area: 2,988
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,988
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Storm
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: REHKOPFS
  • Land Acres: 0.072
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: BLOCK13-16 W2NE4 S22 T39N R13E 3P

Ownership

  • Current Owner : CISSE LORNA
  • Previous Owner : PARCHMAN SHELBY
  • Owner Before Previous Owner: ERLO INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 290900

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 16-22-200-032-0000
  • Block: 2
  • Lot: 42
  • Meridian: SEC 22 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8652
  • Longitude: -87.7342

    Address

  • Full Address: 1226 S Kolin Ave
  • Address - House Number: 1226
  • Street Direction: S
  • Address - Street Name: Kolin
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C047
  • 4-Digit Zip Code: 1145
  • Zip Code: 60623

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,064
  • Tax Rate Code Area: 77125

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 309,477
  • High Value: 388,554
  • Low Value: 230,399

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $357,407
  • First Open Lien Mortgage Lender: NEIGHBORHOOD LOANS
  • First Open Lien Mortgage Recording Date: Jan 03, 2022
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $357,407
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Market Valuation

  • Market Total Value: $100,000
  • Market Land Value: $36,720
  • Market Improvement Value: $63,280

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,000
  • Assessed Land Value: $3,672
  • Assessed Improvements Value: $6,328

    Sales

  • Current Sale Contract Date: Dec 13, 2021
  • Current Sale Recording Date: Jan 03, 2022
  • Current Sale Transaction ID: 11881801458
  • Current Sale Price: $364,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2200308041
  • Previous Sale Recording Date: Aug 27, 2015
  • Previous Sale Contract Date: Aug 24, 2015
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEIGHBORHOOD LOANS
  • First Mortgage Transaction Date: Jan 03, 2022
  • First Mortgage Loan Amount: $357,407
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Jan 01, 2052

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE SOLUTIONS OF COLORADO
  • Previous Mortgage Transaction Date: Aug 27, 2015
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $216,015
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Sep 01, 2045

About West Side



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Frequently Asked Questions

What neighborhood is 1226 South Kolin Avenue located in?
The 1226 South Kolin Avenue is a multifamily located in the neighborhood of Lawndale in West Side, Chicago.
What is the average sales price for listings in 1226 South Kolin Avenue?
The average sales price for units in 1226 South Kolin Avenue is $0 currently.

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