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1347 West 109th Place

1347 West 109th Place, Chicago, IL 60643
Multifamily in Morgan Park
1347 West 109th Place 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 1922 and is 102 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1347 West 109th Place has 1,705 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 1,250 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 3,125 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. In terms of heating, it is utilizing a hot water heating system. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 1347 West 109th Place sold most recently in Dec 20, 2019 for a total of $80,000. If you work out the math, that's approximately a cost of $46.92 per sqft. Before that, the property was also sold for $9,000 in Apr 24, 2009. 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 $928 in taxes each year. 1347 West 109th Place was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $4,500. If we break it down further, the land itself was valued at $2,031. Improvements to the property, however, were assessed at a total of $2,469. 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. 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!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.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190905
09/05/2019
6 Bed
-
-
$85,000
bedrooms
6 Bed
bathrooms
-
$80,000 -5.88%
05/04/2020
Tiffany Gillard

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 3,125
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,705
  • Gross Building Area: 1,705
  • Building Area: 1,705
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 1,705
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TIMMIS MORGAN PARK
  • Land Acres: 0.072
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: FRANK (TIMMIS)(MORGAN)(PARK) SUB OF BLKS10-11 & 14 OF STREETS SUB OF EH SW SEC 17-37-14

Ownership

  • Current Owner : ODUNSI AYOKUNLE
  • Previous Owner : FABER WILLIAM
  • Previous Owner 2: FABER SUSAN
  • Owner Before Previous Owner: AURORA LOAN SERVICES LLC

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 750100

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 25-17-324-005-0000
  • Block: 10,11
  • Lot: 20
  • Meridian: SEC 17 TWN 37N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.6947
  • Longitude: -87.6565

    Address

  • Full Address: 1347 W 109th Pl
  • Address - House Number: 1347
  • Street Direction: W
  • Address - Street Name: 109th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C006
  • 4-Digit Zip Code: 3609
  • Zip Code: 60643

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $928
  • Tax Rate Code Area: 72201

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 282,451
  • High Value: 354,622
  • Low Value: 210,279

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $105,000
  • First Open Lien Mortgage Lender: NEW CENTURY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Aug 10, 2004
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $105,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2034

    Market Valuation

  • Market Total Value: $45,000
  • Market Land Value: $20,310
  • Market Improvement Value: $24,690

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,500
  • Assessed Land Value: $2,031
  • Assessed Improvements Value: $2,469

    Sales

  • Current Sale Contract Date: Dec 20, 2019
  • Current Sale Recording Date: May 04, 2020
  • Current Sale Transaction ID: 11758108156
  • Current Sale Price: $80,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2012539118
  • Previous Sale Recording Date: May 19, 2009
  • Previous Sale Contract Date: Apr 24, 2009
  • Previous Sale Amount: $9,000
  • Previous Sale Document Type: Corporation Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK NA
  • First Mortgage Transaction Date: May 04, 2020
  • First Mortgage Loan Amount: $60,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2050

About Far South Chicago



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Frequently Asked Questions

What neighborhood is 1347 West 109th Place located in?
The 1347 West 109th Place is a multifamily located in the neighborhood of Morgan Park in Far South Chicago, Chicago.
What is the average sales price for listings in 1347 West 109th Place?
The average sales price for units in 1347 West 109th Place is $85,000 currently.

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