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1440 West Summerdale Avenue

1440 West Summerdale Avenue, Chicago, IL 60640
Property in Andersonville
Sold Aug 31, 2016
$885,000
Sold Aug 20, 2003
Transfer
$275,000 by Airmortgage Com Inc
Mortgage Due Aug 01, 2033
1440 West Summerdale Avenue in Chicago, IL was first built in 1915 and is 109 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 2 floors. There are a total of 12 rooms in the home, of which, 6 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1440 West Summerdale Avenue has 2,896 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 3,750 square feet.

Learn more about the property and building on this page. The roof of the home is made of tar and gravel. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. 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 hot water heating system. 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, 1440 West Summerdale Avenue sold most recently in Jul 29, 2016 for a total of $885,000. If you work out the math, that's approximately a cost of $305.59 per sqft. 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 $12,782 in taxes each year. 1440 West Summerdale Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $65,563. If we break it down further, the land itself was valued at $30,000. Improvements to the property, however, were assessed at a total of $35,563. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,750
  • Total Building Area: 2,896
  • Gross Building Area: 2,896
  • Building Area: 2,896
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 2,896
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FEINBERGS ADD/EDGEWATER
  • Land Acres: 0.086
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : THE DANIEL RESTREPO REVOCABLE TRUST
  • Current Owner 2: THE CHRISTINE BETSILL REVOCABLE TRUST
  • Previous Owner : LISS HARLENE
  • Owner Before Previous Owner: DOHREN ROGER A
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 030800

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: 17N-53-03
  • District: 73
  • Parcel: 14-08-109-032-0000
  • Block: 2
  • Lot: 58,59
  • Meridian: SEC 08 TWN 40N RNG 14E
  • Municipality: LAKE VIEW
  • Latitude: 41.9801
  • Longitude: -87.6665

    Address

  • Full Address: 1440 W Balmoral Ave
  • Address - House Number: 1440
  • Street Direction: W
  • Address - Street Name: Balmoral
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C030
  • 4-Digit Zip Code: 1202
  • Zip Code: 60640

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,782
  • Tax Rate Code Area: 73105

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 582,504
  • High Value: 731,345
  • Low Value: 433,662

    Market Valuation

  • Market Total Value: $655,630
  • Market Land Value: $300,000
  • Market Improvement Value: $355,630

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $65,563
  • Assessed Land Value: $30,000
  • Assessed Improvements Value: $35,563

    Sales

  • Current Sale Contract Date: Jul 29, 2016
  • Current Sale Recording Date: Aug 31, 2016
  • Current Sale Transaction ID: 1754797269
  • Current Sale Price: $885,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1624429054
  • Previous Sale Recording Date: Aug 20, 2003
  • Previous Sale Contract Date: Jul 15, 2003
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CHICAGO FINANCIAL SERVICES INC
  • First Mortgage Transaction Date: Aug 31, 2016
  • First Mortgage Loan Amount: $531,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Aug 01, 2046

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: AIRMORTGAGE COM INC
  • Previous Mortgage Transaction Date: Aug 20, 2003
  • Previous Mortgage Loan Amount: $275,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Aug 01, 2033

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Frequently Asked Questions

What neighborhood is 1440 West Summerdale Avenue located in?
The 1440 West Summerdale Avenue is a located in the neighborhood of Andersonville in North Side, Chicago.
What is the average sales price for listings in 1440 West Summerdale Avenue?
The average sales price for units in 1440 West Summerdale Avenue is $0 currently.

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