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1401 East 72nd Place

1401 East 72nd Place, Chicago, IL 60619
Property in Grand Crossing
Refi May 10, 2005
Transfer
$33,000 by Citibank Fsb
Mortgage
Local assessors in Chicago, IL have categorized 1401 East 72nd Place as a residential type of property. The home was built in 1922 and is 102 years old. The property's lot size has been calculated to be 4,085 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bungalow style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 5 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 3 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 1401 East 72nd Place has a total of 2,467 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 3 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 frame 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 asphalt. Lots of wood 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 heating system is the primary heating source. 1401 East 72nd Place was last assessed in 2023. The total value of the property was assessed at $9,766. Specifically, the land the property is located on was valued at $5,106. While improvements on the property were assessed at a total of $4,660. 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 $0. 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: 1922
  • Effective Year Built: 1922
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 4,085
  • Total Building Area: 2,467
  • Gross Building Area: 2,467
  • Building Area: 2,467
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,467
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SHORTALL TRUSTEES
  • Land Acres: 0.094
  • Standard Land Use Code: Single family residential
  • Legal Description 1: JOHN G (SHORTALL)(TRUSTEES) SUB OF NH NE SEC 26-38-14

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 430400

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 70
  • Parcel: 20-26-214-001-0000
  • Block: 15
  • Lot: 23,24
  • Meridian: SEC 26 TWN 38N RNG 14E
  • Municipality: HYDE PARK
  • Latitude: 41.763
  • Longitude: -87.5907

    Address

  • Full Address: 1401 E 72nd Pl
  • Address - House Number: 1401
  • Street Direction: E
  • Address - Street Name: 72nd
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C005
  • 4-Digit Zip Code: 1513
  • Zip Code: 60619

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 70001

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 243,225
  • High Value: 298,763
  • Low Value: 187,687

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $33,000
  • First Open Lien Mortgage Lender: CITIBANK FSB
  • First Open Lien Mortgage Recording Date: May 10, 2005
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $33,000
  • 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: $97,660
  • Market Land Value: $51,060
  • Market Improvement Value: $46,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $9,766
  • Assessed Land Value: $5,106
  • Assessed Improvements Value: $4,660

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Frequently Asked Questions

What neighborhood is 1401 East 72nd Place located in?
The 1401 East 72nd Place is a located in the neighborhood of Grand Crossing in Far South Chicago, Chicago.
What is the average sales price for listings in 1401 East 72nd Place?
The average sales price for units in 1401 East 72nd Place is $0 currently.

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