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1407 West Chicago Avenue

1407 West Chicago Avenue, Chicago, IL 60642
Commercial in West Town
1407 West Chicago Avenue in Chicago, IL was first built in 1899 and is 125 years old. This has been categorized as a commercial property type. There are a total of 2 floors. The linear feet across the front of the lot is 1,230 ft and the linear feet between the front and back of the lot is 250. In total, the area measurement of the land is 3,075 square feet.

Learn more about the property and building on this page. The property was last sold in Sep 10, 1996 for $165,000. That's $27.50 per sqft. 1407 West Chicago Avenue was last assessed in 2022. The total value of the property was assessed at $246,250. Specifically, the land the property is located on was valued at $15,375. While improvements on the property were assessed at a total of $230,875. 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 $52,737. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210628
06/28/2021
Loft
-
-
$899,000
bedrooms
Loft
bathrooms
-
-
-
-
Victor Wierzba
Chicagoland Brokers, Inc.

Building Info

Overview

    General

  • Year Built: 1899
  • Effective Year Built: 1899
  • Building Count: 1
  • Bedroom Count: 0
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,075
  • Lot Size Depth Feet: 250
  • Lot Size Frontage Feet: 1,230
  • Total Building Area: 6,000
  • Building Area: 6,000
  • Building Area Measurement: Building Perimeter

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: BICKERDIKES ADD
  • Land Acres: 0.71
  • Standard Land Use Code: Retail stores (personal services, photography, travel)
  • Legal Description 1: (SUBDIVISION) OF BLKS1-2 IN BICKERDIKES ADD TO CHICAG O BEING THE WH NW SEC 08-39-14

Ownership

  • Current Owner : ON SHORE INC
  • Previous Owner : SANTO DONALD D

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 243300

Zoning

  • Zoning: B1-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 17-08-102-012-0000
  • Block: 1,2
  • Lot: 3
  • Meridian: SEC 08 TWN 39N RNG 14E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8959
  • Longitude: -87.6628

    Address

  • Full Address: 1407 W Chicago Ave
  • Address - House Number: 1407
  • Street Direction: W
  • Address - Street Name: Chicago
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C062
  • 4-Digit Zip Code: 5231
  • Zip Code: 60642

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $52,737
  • Tax Rate Code Area: 77062

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $420,000
  • First Open Lien Mortgage Lender: HIAWATHA NATIONAL BANK
  • First Open Lien Mortgage Recording Date: May 21, 2020
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $420,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Apr 09, 2025

    Market Valuation

  • Market Total Value: $985,000
  • Market Land Value: $61,500
  • Market Improvement Value: $923,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $246,250
  • Assessed Land Value: $15,375
  • Assessed Improvements Value: $230,875

    Sales

  • Current Sale Contract Date: Sep 10, 1996
  • Current Sale Recording Date: Apr 25, 1997
  • Current Sale Transaction ID: 1177329521
  • Current Sale Price: $165,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 97286858

    Last Sale Mortgage

  • First Mortgage Lender: CHICAGO TRUST COMPANY
  • First Mortgage Transaction Date: Apr 25, 1997
  • First Mortgage Loan Amount: $130,000
  • First Mortgage Terms: 53
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Oct 01, 2001

About West Side



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Frequently Asked Questions

What neighborhood is 1407 West Chicago Avenue located in?
The 1407 West Chicago Avenue is a commercial located in the neighborhood of West Town in West Side, Chicago.
What is the average sales price for listings in 1407 West Chicago Avenue?
The average sales price for units in 1407 West Chicago Avenue is $0 currently.

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