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1514 South Kostner Avenue

1514 South Kostner Avenue, Chicago, IL 60623
Commercial in Lawndale
Sold Nov 08, 2021
$480,000
$359,925 by Hoyne Savings Bank
Mortgage Due Sep 01, 2041
Sold Mar 02, 2018
$350,000
$262,500 by Hoyne Savings Bank
Mortgage Due Mar 01, 2038
1514 South Kostner Avenue in Chicago, IL was first built in 1927 and is 97 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 25 rooms in the home, of which, 10 are bedrooms. In terms of bathrooms, there are a total of 5 full bathrooms. There are 5 partial bathrooms. 1514 South Kostner Avenue has 5,976 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 6,250 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. The property was last sold in Jun 30, 2021 for $480,000. That's $80.32 per sqft. Prior to that sales transaction, the property was also sold in Feb 22, 2018 for $350,000. 1514 South Kostner Avenue was last assessed in 2023. The total value of the property was assessed at $25,000. Specifically, the land the property is located on was valued at $7,344. While improvements on the property were assessed at a total of $17,656. 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 $5,159. 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. 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.

Building Features

Exterior

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

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • Total Rooms: 25
  • Bedroom Count: 10
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 3
  • Living Units: 5
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Total Building Area: 5,976
  • Gross Building Area: 5,976
  • Building Area: 5,976
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 5,976
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PINKERT & SCHULTES
  • Land Acres: 0.144
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (PINKERT) & (SCHULTES) SUB OF SE SE NW SEC 22-39-13

Ownership

  • Current Owner : RMAL ESTATES LLC
  • Previous Owner : ANGEL EL INVESTING LLC
  • Owner Before Previous Owner: FALKNER AARON
  • 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: 16-22-117-023-0000
  • Block: 1
  • Lot: 22,23
  • Meridian: SEC 22 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.86
  • Longitude: -87.7351

    Address

  • Full Address: 1514 S Kostner Ave
  • Address - House Number: 1514
  • Street Direction: S
  • Address - Street Name: Kostner
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C059
  • 4-Digit Zip Code: 1038
  • Zip Code: 60623

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,159
  • Tax Rate Code Area: 77125

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 383,184
  • High Value: 481,094
  • Low Value: 285,273

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $359,925
  • First Open Lien Mortgage Lender: HOYNE SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Nov 08, 2021
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $359,925
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2041

    Market Valuation

  • Market Total Value: $250,000
  • Market Land Value: $73,440
  • Market Improvement Value: $176,560

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,000
  • Assessed Land Value: $7,344
  • Assessed Improvements Value: $17,656

    Sales

  • Current Sale Contract Date: Jun 30, 2021
  • Current Sale Recording Date: Nov 08, 2021
  • Current Sale Transaction ID: 11865911827
  • Current Sale Price: $480,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2131246244
  • Previous Sale Recording Date: Mar 02, 2018
  • Previous Sale Contract Date: Feb 22, 2018
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOYNE SAVINGS BANK
  • First Mortgage Transaction Date: Nov 08, 2021
  • First Mortgage Loan Amount: $359,925
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Sep 01, 2041

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: HOYNE SAVINGS BANK
  • Previous Mortgage Transaction Date: Mar 02, 2018
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $262,500
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Mar 01, 2038

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Frequently Asked Questions

What neighborhood is 1514 South Kostner Avenue located in?
The 1514 South Kostner Avenue is a commercial located in the neighborhood of Lawndale in West Side, Chicago.
What is the average sales price for listings in 1514 South Kostner Avenue?
The average sales price for units in 1514 South Kostner Avenue is $0 currently.

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