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1400 South Karlov Avenue

1400 South Karlov Avenue, Chicago, IL 60623
Property in Lawndale
Sold Jan 24, 2020
$227,500
$170,625 by Grand Ridge National Bank
Mortgage
Sold Jul 28, 2017
$105,000
1400 South Karlov Avenue in Chicago, IL was first built in 2009 and is 15 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 3 floors. There are a total of 15 rooms in the home, of which, 9 are bedrooms. In terms of bathrooms, there are a total of 6 full bathrooms. There are 6 partial bathrooms. 1400 South Karlov Avenue has 3,744 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 3,118 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a no garage. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. The property was last sold in Jan 9, 2020 for $227,500. That's $60.76 per sqft. Prior to that sales transaction, the property was also sold in Jul 5, 2017 for $105,000. 1400 South Karlov Avenue was last assessed in 2023. The total value of the property was assessed at $26,000. Specifically, the land the property is located on was valued at $3,664. While improvements on the property were assessed at a total of $22,336. 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 $5,366. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • Building Count: 1
  • Total Rooms: 15
  • Bedroom Count: 9
  • 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: 3
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,118
  • Total Building Area: 3,744
  • Gross Building Area: 3,744
  • Building Area: 3,744
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 3,744
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

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

Ownership

  • Current Owner : FALCON RENTAL PROPERTIES LLC
  • Previous Owner : OLIVER WALTER
  • Previous Owner 2: OLIVER KAREN
  • Owner Before Previous Owner: WELLS FARGO BANK N A
  • 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: 16-22-220-023-0000
  • Block: 11
  • Lot: 1
  • Meridian: SEC 22 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8624
  • Longitude: -87.7278

    Address

  • Full Address: 1400 S Karlov Ave
  • Address - House Number: 1400
  • Street Direction: S
  • Address - Street Name: Karlov
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C018
  • 4-Digit Zip Code: 3868
  • Zip Code: 60623

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,366
  • Tax Rate Code Area: 77125

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 388,098
  • High Value: 487,264
  • Low Value: 288,931

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $170,625
  • First Open Lien Mortgage Lender: GRAND RIDGE NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Jan 24, 2020
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $170,625
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $36,640
  • Market Improvement Value: $223,360

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $3,664
  • Assessed Improvements Value: $22,336

    Sales

  • Current Sale Contract Date: Jan 09, 2020
  • Current Sale Recording Date: Jan 24, 2020
  • Current Sale Transaction ID: 11719995156
  • Current Sale Price: $227,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2002449118
  • Previous Sale Recording Date: Jul 28, 2017
  • Previous Sale Contract Date: Jul 05, 2017
  • Previous Sale Amount: $105,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GRAND RIDGE NATIONAL BANK
  • First Mortgage Transaction Date: Jan 24, 2020
  • First Mortgage Loan Amount: $170,625
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Credit Line (Revolving)

    Financing

  • First Mortgage Financing Type: Variable

About West Side



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Frequently Asked Questions

What neighborhood is 1400 South Karlov Avenue located in?
The 1400 South Karlov Avenue is a located in the neighborhood of Lawndale in West Side, Chicago.
What is the average sales price for listings in 1400 South Karlov Avenue?
The average sales price for units in 1400 South Karlov Avenue is $0 currently.

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