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126 North Karlov Avenue

126 North Karlov Avenue, Chicago, IL 60624
Multifamily in West Garfield Park
Sold Jul 16, 2021
$335,000
$328,932 by Crosscountry Mortgage Llc
Mortgage Due Jul 01, 2051
Sold Jan 05, 2021
$33,000
126 North Karlov 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 1896 and is 128 years old. The home has a total of 10 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 126 North Karlov Avenue has 2,264 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 1,300 ft and across the front of the lot is 250 ft. The area measurement of the land has been determined as 3,175 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 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. 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, 126 North Karlov Avenue sold most recently in Jun 30, 2021 for a total of $335,000. If you work out the math, that's approximately a cost of $147.97 per sqft. Before that, the property was also sold for $33,000 in Oct 28, 2020. 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 $842 in taxes each year. 126 North Karlov Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $7,500. If we break it down further, the land itself was valued at $3,731. Improvements to the property, however, were assessed at a total of $3,769. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1896
  • Effective Year Built: 1896
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,175
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 250
  • Total Building Area: 2,264
  • Gross Building Area: 2,264
  • Building Area: 2,264
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 2,264
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FARRS SUB
  • Land Acres: 0.073
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: M A (FARRS) SUB LTS 1-5 BLK 31 WEST CHGO LAND COS SUB SH SEC 10-39-13

Ownership

  • Current Owner : JACKSON TIFFANY C
  • Previous Owner : 528 E 91ST PLACE LLC
  • Owner Before Previous Owner: DREAM 4 EVER
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 260200

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 16-10-420-021-0000
  • Block: 31
  • Lot: 1-5
  • Meridian: SEC 10 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8829
  • Longitude: -87.7285

    Address

  • Full Address: 126 N Karlov Ave
  • Address - House Number: 126
  • Street Direction: N
  • Address - Street Name: Karlov
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C052
  • 4-Digit Zip Code: 2310
  • Zip Code: 60624

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $842
  • Tax Rate Code Area: 77100

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 297,192
  • High Value: 373,130
  • Low Value: 221,253

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $344,201
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jul 16, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $328,932
  • 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: Jul 01, 2051
  • Second Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Second Open Lien Mortgage Recording Date: Mar 20, 2024
  • Second Open Lien Mortgage Loan Amount: $15,269
  • Second Open Lien Mortgage Term: 327
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Market Valuation

  • Market Total Value: $75,000
  • Market Land Value: $37,310
  • Market Improvement Value: $37,690

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,500
  • Assessed Land Value: $3,731
  • Assessed Improvements Value: $3,769

    Sales

  • Current Sale Contract Date: Jun 30, 2021
  • Current Sale Recording Date: Jul 16, 2021
  • Current Sale Transaction ID: 11844702653
  • Current Sale Price: $335,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2119704357
  • Previous Sale Recording Date: Jan 05, 2021
  • Previous Sale Contract Date: Oct 28, 2020
  • Previous Sale Amount: $33,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Mortgage Transaction Date: Jul 16, 2021
  • First Mortgage Loan Amount: $328,932
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

About West Side



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Frequently Asked Questions

What neighborhood is 126 North Karlov Avenue located in?
The 126 North Karlov Avenue is a multifamily located in the neighborhood of West Garfield Park in West Side, Chicago.
What is the average sales price for listings in 126 North Karlov Avenue?
The average sales price for units in 126 North Karlov Avenue is $0 currently.

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