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1322 North Ridgeway Avenue

1322 North Ridgeway Avenue, Chicago, IL 60651
Property in Humboldt Park
Sold Dec 23, 2021
$405,000
$397,664 by Ocmbc Inc
Mortgage Due Jan 01, 2052
Local assessors in Chicago, IL have categorized 1322 North Ridgeway Avenue as a residential type of property. The home was built in 1905 and is 119 years old. The property's lot size has been calculated to be 4,464 square feet. 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 12 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 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 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 1322 North Ridgeway Avenue has a total of 2,424 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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1322 North Ridgeway Avenue was last sold in Dec 8, 2021 for $405,000. According to our calculations, that's $167.08 per sqft. Current property owners are expected to pay $7,404 in taxes per year. The property on 1322 North Ridgeway Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $36,000. To break that down further, the land itself was valued at $5,357. While improvements to the property were assessed at a total of $30,643. 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.

Building Features

Exterior

Brick Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,464
  • Total Building Area: 2,424
  • Gross Building Area: 2,424
  • Building Area: 2,424
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,424
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BEEBES SUB OF EX 5 ACS IN NE CORNER EH
  • Land Acres: 0.103
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: BEEBES BLK 13 LOT 16

Ownership

  • Current Owner : MARTIN SATURNINO BAHENA SAN
  • Current Owner 2: HERNANDEZ YNES RAMIREZ
  • Previous Owner : CARLON MARIA IRMA
  • Previous Owner 2: THE MARIA IRMA CARLON TRUST
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 230700

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 16-02-119-033-0000
  • Block: 13
  • Lot: 16,15
  • Meridian: SEC 02 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.9052
  • Longitude: -87.7206

    Address

  • Full Address: 1322 N Ridgeway Ave
  • Address - House Number: 1322
  • Street Direction: N
  • Address - Street Name: Ridgeway
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C019
  • 4-Digit Zip Code: 2251
  • Zip Code: 60651

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,404
  • Tax Rate Code Area: 77001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 437,237
  • High Value: 548,959
  • Low Value: 325,514

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $397,664
  • First Open Lien Mortgage Lender: OCMBC INC
  • First Open Lien Mortgage Recording Date: Dec 23, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $397,664
  • 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: Jan 01, 2052

    Market Valuation

  • Market Total Value: $360,000
  • Market Land Value: $53,570
  • Market Improvement Value: $306,430

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,000
  • Assessed Land Value: $5,357
  • Assessed Improvements Value: $30,643

    Sales

  • Current Sale Contract Date: Dec 08, 2021
  • Current Sale Recording Date: Dec 23, 2021
  • Current Sale Transaction ID: 11875875353
  • Current Sale Price: $405,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2135716022

    Last Sale Mortgage

  • First Mortgage Lender: OCMBC INC
  • First Mortgage Transaction Date: Dec 23, 2021
  • First Mortgage Loan Amount: $397,664
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2052

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Northwest Side



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Frequently Asked Questions

What neighborhood is 1322 North Ridgeway Avenue located in?
The 1322 North Ridgeway Avenue is a located in the neighborhood of Humboldt Park in Northwest Side, Chicago.
What is the average sales price for listings in 1322 North Ridgeway Avenue?
The average sales price for units in 1322 North Ridgeway Avenue is $0 currently.

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