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1528 North La Salle Drive

1528 North La Salle Drive, Chicago, IL 60610
Multifamily in Old Town
1 Units For Sale
Unit for sale at 1528 N La Salle Drive, Chicago, IL 60610

$1,520,000

  • 10 Beds
1528 N La Salle Drive, Chicago, IL 60610 Listing by Andrew Kenning

1528 North La Salle Drive has been categorized by the local assessors in Chicago, IL as a residential type of property. The building on the property was first built in 1912 and is 112 years old. The home has a total of 20 rooms. 7 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 3 stories. In addition, 1528 North La Salle Drive has 5,109 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,675 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a no garage for those who require parking. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of tar and gravel. The exterior walls of the building are made of masonry. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system. The property was last sold in Jan 4, 2024 for $1,471,000. That's $287.92 per sqft. Prior to that sales transaction, the property was also sold in Aug 4, 2017 for $1,536,000. 1528 North La Salle Drive was last assessed in 2023. The total value of the property was assessed at $158,000. Specifically, the land the property is located on was valued at $79,009. While improvements on the property were assessed at a total of $78,991. 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 $32,498. The initial tax year of delinquency was in 2021. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!

Building Features

Exterior

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220807
08/07/2022
10 Bed
-
-
$1,950,000
bedrooms
10 Bed
bathrooms
-
-
-
-
Andrew Kenning
Keller Williams ONEChicago

Building Info

Overview

    General

  • Year Built: 1912
  • Effective Year Built: 1912
  • Building Count: 1
  • Total Rooms: 20
  • Bedroom Count: 7
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • 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: 3
  • Living Units: 4
  • Business/Commerical Units Count: 4
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,675
  • Total Building Area: 5,109
  • Gross Building Area: 5,109
  • Building Area: 5,109
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 5,109
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BRONSONS ADD CHICAGO
  • Land Acres: 0.084
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: N 25 FT S 62 FT N 74 FT E2 OF LOT 1 12 EXCEPT E 49 12 FT IN BRONSONS A DD TO CHICAGO IN SEC04 T39N R14E 3P

Ownership

  • Current Owner : 2527 ARGYLE HOLDING LLC
  • Previous Owner : GPK IRREVOCABLE TRUST
  • Previous Owner 2: JCK IV IRREVOCABLE TRUST
  • Owner Before Previous Owner: CHICAGO TITLE LAND TRUST CO
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 080300

Zoning

  • Zoning: RM-5

Geography

  • Assessors Map Reference: 02S-29-01
  • District: 74
  • Parcel: 17-04-204-023-0000
  • Lot: 1
  • Meridian: SEC 04 TWN 39N RNG 14E
  • Municipality: NORTH CHICAGO
  • Latitude: 41.91
  • Longitude: -87.6336

    Address

  • Full Address: 1528 N La Salle Dr
  • Address - House Number: 1528
  • Street Direction: N
  • Address - Street Name: La Salle
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Chicago
  • Carrier Code: C090
  • 4-Digit Zip Code: 1320
  • Zip Code: 60610

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $32,498
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 74002

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 1,036,724
  • High Value: 1,301,627
  • Low Value: 771,820

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,975,450
  • First Open Lien Mortgage Lender: THE FARMERS AND MERCHANTS BANK
  • First Open Lien Mortgage Recording Date: Jan 24, 2024
  • First Open Lien Mortgage Loan Amount: $2,975,450
  • First Open Lien Mortgage Term: 12
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Jan 23, 2025

    Market Valuation

  • Market Total Value: $1,580,000
  • Market Land Value: $790,090
  • Market Improvement Value: $789,910

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $158,000
  • Assessed Land Value: $79,009
  • Assessed Improvements Value: $78,991

    Sales

  • Current Sale Contract Date: Jan 04, 2024
  • Current Sale Recording Date: Jan 24, 2024
  • Current Sale Transaction ID: 11919616736
  • Current Sale Price: $1,471,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 6424
  • Previous Sale Recording Date: Aug 24, 2017
  • Previous Sale Contract Date: Aug 04, 2017
  • Previous Sale Amount: $1,536,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE FARMERS AND MERCHANTS BANK
  • First Mortgage Transaction Date: Jan 24, 2024
  • First Mortgage Loan Amount: $2,975,450
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Jan 23, 2025

    Previous Mortgages

  • Previous Mortgage Lender: WINTRUST MORTGAGE
  • Previous Mortgage Transaction Date: Aug 24, 2017
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,228,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Sep 01, 2047

About Central Chicago



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Frequently Asked Questions

What neighborhood is 1528 North La Salle Drive located in?
The 1528 North La Salle Drive is a multifamily located in the neighborhood of Old Town in Central Chicago, Chicago.
How many listings are currently for sale in 1528 North La Salle Drive?
There is one unit for sale right now.
What is the average sales price for listings in 1528 North La Salle Drive?
The average sales price for units in 1528 North La Salle Drive is $1,520,000 currently.

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