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1500 East 71st Street

1500 East 71st Street, Chicago, IL 60619
Commercial in Grand Crossing
Sold Jul 21, 2020
$17,000
Sold Apr 04, 2017
Transfer
1500 East 71st Street in Chicago, IL was first built in 1929 and is 95 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 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 1500 East 71st Street has 1,920 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 1,849 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 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 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, 1500 East 71st Street sold most recently in Feb 17, 2020 for a total of $17,000. If you work out the math, that's approximately a cost of $8.85 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 $2,334 in taxes each year. 1500 East 71st Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $9,000. If we break it down further, the land itself was valued at $2,311. Improvements to the property, however, were assessed at a total of $6,689. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 4
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,849
  • Total Building Area: 1,920
  • Gross Building Area: 1,920
  • Building Area: 1,920
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 1,920
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARKSIDE
  • Land Acres: 0.042
  • Standard Land Use Code: Misc Residential improvement

Ownership

  • Current Owner : DEO VOLENTE LLC
  • Previous Owner : RESCAP SECURITIES HOLDINGS CO
  • Owner Before Previous Owner: PATTERSON WANDA
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Mar 28, 2024

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 430300

Zoning

  • Zoning: C1-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 70
  • Parcel: 20-23-423-038-0000
  • Block: 2
  • Lot: 22
  • Meridian: SEC 23 TWN 38N RNG 14E
  • Municipality: HYDE PARK
  • Latitude: 41.7662
  • Longitude: -87.5885

    Address

  • Full Address: 1500 E 71st St
  • Address - House Number: 1500
  • Street Direction: E
  • Address - Street Name: 71st
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C005
  • 4-Digit Zip Code: 1504
  • Zip Code: 60619

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,334
  • Tax Rate Code Area: 70049

    Market Valuation

  • Market Total Value: $90,000
  • Market Land Value: $23,110
  • Market Improvement Value: $66,890

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $9,000
  • Assessed Land Value: $2,311
  • Assessed Improvements Value: $6,689

    Sales

  • Current Sale Contract Date: Feb 17, 2020
  • Current Sale Recording Date: Jul 21, 2020
  • Current Sale Transaction ID: 11773780025
  • Current Sale Price: $17,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2020347114
  • Previous Sale Recording Date: Apr 04, 2017
  • Previous Sale Contract Date: Mar 21, 2017
  • Previous Sale Document Type: Sheriff's Deed

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Frequently Asked Questions

What neighborhood is 1500 East 71st Street located in?
The 1500 East 71st Street is a commercial located in the neighborhood of Grand Crossing in Far South Chicago, Chicago.
What is the average sales price for listings in 1500 East 71st Street?
The average sales price for units in 1500 East 71st Street is $0 currently.

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