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1340 South Kedvale Avenue

1340 South Kedvale Avenue, Chicago, IL 60623
Multifamily in Lawndale
Sold Mar 01, 2019
$63,000
$500,000 by Chicago Community Loan Fund
Mortgage Due Feb 01, 2030
Sold Feb 25, 2014
$125,000
Local assessors in Chicago, IL have categorized 1340 South Kedvale Avenue as a residential type of property. The home was built in 1915 and is 109 years old. The property's lot size has been calculated to be 3,150 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 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 1340 South Kedvale Avenue has a total of 2,910 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 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 Feb 3, 2019 for $63,000. That's $21.65 per sqft. Prior to that sales transaction, the property was also sold in Feb 18, 2014 for $125,000. 1340 South Kedvale Avenue was last assessed in 2022. The total value of the property was assessed at $8,008. Specifically, the land the property is located on was valued at $3,701. While improvements on the property were assessed at a total of $4,307. 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 $1,653. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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: 1915
  • Effective Year Built: 1915
  • 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
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,150
  • Total Building Area: 2,910
  • Gross Building Area: 2,910
  • Building Area: 2,910
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,910
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MERIGOLDS RESUB
  • Land Acres: 0.072
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : GREEN PROPERTY ACQUSITIONS LLC
  • Previous Owner : ALMUMEN YOUSEF A A A A
  • Owner Before Previous Owner: COLONIAL CAPITAL LLC SERIES VENTURES
  • Current Owner Is a Corporation Indicator: Yes

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: 16-22-212-039-0000
  • Block: 5
  • Lot: 17
  • Meridian: SEC 22 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8631
  • Longitude: -87.729

    Address

  • Full Address: 1340 S Kedvale Ave
  • Address - House Number: 1340
  • Street Direction: S
  • Address - Street Name: Kedvale
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C047
  • 4-Digit Zip Code: 1224
  • Zip Code: 60623

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,653
  • Tax Rate Code Area: 77125

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 299,689
  • High Value: 376,265
  • Low Value: 223,112

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $500,000
  • First Open Lien Mortgage Lender: CHICAGO COMMUNITY LOAN FUND
  • First Open Lien Mortgage Recording Date: Jan 17, 2020
  • First Open Lien Mortgage Loan Amount: $500,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Amount keyed is an Aggregate amount
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2030

    Market Valuation

  • Market Total Value: $80,080
  • Market Land Value: $37,010
  • Market Improvement Value: $43,070

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $8,008
  • Assessed Land Value: $3,701
  • Assessed Improvements Value: $4,307

    Sales

  • Current Sale Contract Date: Feb 03, 2019
  • Current Sale Recording Date: Mar 01, 2019
  • Current Sale Transaction ID: 11582776919
  • Current Sale Price: $63,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1906018008
  • Previous Sale Recording Date: Feb 25, 2014
  • Previous Sale Contract Date: Feb 18, 2014
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TOWER REAL ESTATE FUND I LLC
  • First Mortgage Transaction Date: Mar 01, 2019
  • First Mortgage Loan Amount: $147,000
  • First Mortgage Terms: 24
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Mar 01, 2021

    Financing

  • First Mortgage Financing Type: Unknown

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Frequently Asked Questions

What neighborhood is 1340 South Kedvale Avenue located in?
The 1340 South Kedvale Avenue is a multifamily located in the neighborhood of Lawndale in West Side, Chicago.
What is the average sales price for listings in 1340 South Kedvale Avenue?
The average sales price for units in 1340 South Kedvale Avenue is $0 currently.

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