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1313 West Chicago Avenue

1313 West Chicago Avenue, Chicago, IL 60642
Commercial in West Town
1 Units For Sale
Unit for sale at 1313 W Chicago Avenue, Chicago, IL 60622

$520,000

  • Commercial
1313 W Chicago Avenue, Chicago, IL 60622 Listing by Gaspar Flores

1313 West Chicago 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 1890 and is 134 years old. The home has a total of 24 rooms. 12 of these rooms are legally considered as bedrooms. Residents will have access to 6 full bathrooms. There are 6 partial bathrooms in the home. The building has a total of 3 stories. In addition, 1313 West Chicago Avenue has 3,606 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 920 ft and across the front of the lot is 240 ft. The area measurement of the land has been determined as 2,208 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, 1313 West Chicago Avenue sold most recently in Apr 11, 2023 for a total of $580,000. If you work out the math, that's approximately a cost of $160.84 per sqft. 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 $20,684 in taxes each year. 1313 West Chicago Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $100,000. If we break it down further, the land itself was valued at $13,248. Improvements to the property, however, were assessed at a total of $86,752. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.

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
20210623
06/23/2021
Loft
-
-
$3,200,000
bedrooms
Loft
bathrooms
-
-
-
-
Gaspar Flores
Su Familia Real Estate Inc

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 24
  • Bedroom Count: 12
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 3
  • Living Units: 6
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,208
  • Lot Size Depth Feet: 920
  • Lot Size Frontage Feet: 240
  • Total Building Area: 3,606
  • Gross Building Area: 3,606
  • Building Area: 3,606
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 3,606
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TAYLORS SUB
  • Land Acres: 0.051
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (TAYLORS) SUB OF BLK1 IN ASSESSORS DIV OF THE EH NW SEC 08-39-14

Ownership

  • Current Owner : OG 1313 WEST CHICAGO LLC
  • Previous Owner : RUIZ JOSE F
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 243400

Zoning

  • Zoning: B1-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 17-08-105-004-0000
  • Block: 1
  • Lot: 6
  • Meridian: SEC 08 TWN 39N RNG 14E
  • Municipality: WEST CHICAGO
  • Latitude: 41.896
  • Longitude: -87.66

    Address

  • Full Address: 1313 W Chicago Ave
  • Address - House Number: 1313
  • Street Direction: W
  • Address - Street Name: Chicago
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C008
  • 4-Digit Zip Code: 0026
  • Zip Code: 60642

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $20,684
  • Tax Rate Code Area: 77062

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 980,759
  • High Value: 1,128,790
  • Low Value: 832,727

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $875,000
  • First Open Lien Mortgage Lender: MILLENNIUM BANK
  • First Open Lien Mortgage Recording Date: Jan 26, 2024
  • First Open Lien Mortgage Loan Amount: $875,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Market Valuation

  • Market Total Value: $1,000,000
  • Market Land Value: $132,480
  • Market Improvement Value: $867,520

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $100,000
  • Assessed Land Value: $13,248
  • Assessed Improvements Value: $86,752

    Sales

  • Current Sale Contract Date: Apr 11, 2023
  • Current Sale Recording Date: Apr 14, 2023
  • Current Sale Transaction ID: 11905199813
  • Current Sale Price: $580,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 49000

About West Side



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Frequently Asked Questions

What neighborhood is 1313 West Chicago Avenue located in?
The 1313 West Chicago Avenue is a commercial located in the neighborhood of West Town in West Side, Chicago.
How many listings are currently for sale in 1313 West Chicago Avenue?
There is one unit for sale right now.
What is the average sales price for listings in 1313 West Chicago Avenue?
The average sales price for units in 1313 West Chicago Avenue is $520,000 currently.

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