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1534 West Diversey Parkway

1534 West Diversey Parkway, Chicago, IL 60614
Multifamily in Lakeview
Sold Jun 24, 2016
$720,000
$491,000 by Draper & Kramer Mortgage Corp
Mortgage Due Oct 01, 2051
Sold May 09, 1994
$65,000
$187,500 by Cragin Federal Bank For Svgs
Mortgage Due May 01, 2019
1534 West Diversey Parkway in Chicago, IL was first built in 1890 and is 134 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 16 rooms in the home, of which, 8 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 1534 West Diversey Parkway has 3,284 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. The linear feet across the front of the lot is 250 ft and the linear feet between the front and back of the lot is 1,240. In total, the area measurement of the land is 3,100 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. 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 frame 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 wood. 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 heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1534 West Diversey Parkway was last sold in Jun 23, 2016 for $720,000. According to our calculations, that's $219.24 per sqft. Prior to that sales transaction, the property was sold for $65,000 in Apr 25, 1994. Current property owners are expected to pay $18,746 in taxes per year. The property on 1534 West Diversey Parkway was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $91,141. To break that down further, the land itself was valued at $46,500. While improvements to the property were assessed at a total of $44,641. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 2
  • Total Rooms: 16
  • Bedroom Count: 8
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Business/Commerical Units Count: 26
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,100
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 250
  • Total Building Area: 3,284
  • Gross Building Area: 3,284
  • Building Area: 3,284
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 3,284
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LABALMS SUB
  • Land Acres: 0.071
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: CHARLES (LABALMS) SUB OF S173FT OF E483FT OF BLK4 IN WM LILL & HEIRS OF MICHAEL DIVERSEY SUB IN NW SEC 29-40-14

Ownership

  • Current Owner : GRATZ ELI R
  • Current Owner 2: GRATZ LEIGH
  • Previous Owner : SOUTHPORT PROPERTIES LLC
  • Owner Before Previous Owner: MID TOWN BANK & TRUST COMPANY OF CHICAGO
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 062700

Zoning

  • Zoning: RT-3.5

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 73
  • Parcel: 14-29-128-027-0000
  • Block: 4
  • Lot: 8
  • Meridian: SEC 29 TWN 40N RNG 14E
  • Municipality: LAKE VIEW
  • Latitude: 41.9328
  • Longitude: -87.6675

    Address

  • Full Address: 1534 W Diversey Pkwy
  • Address - House Number: 1534
  • Street Direction: W
  • Address - Street Name: Diversey
  • Address - Suffix Type: Pkwy
  • State: IL
  • City Name: Chicago
  • Carrier Code: C073
  • 4-Digit Zip Code: 8297
  • Zip Code: 60614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $18,746
  • Tax Rate Code Area: 73001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 708,190
  • High Value: 889,146
  • Low Value: 527,233

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $491,000
  • First Open Lien Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Oct 07, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $491,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $911,410
  • Market Land Value: $465,000
  • Market Improvement Value: $446,410

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $91,141
  • Assessed Land Value: $46,500
  • Assessed Improvements Value: $44,641

    Sales

  • Current Sale Contract Date: Jun 23, 2016
  • Current Sale Recording Date: Jun 24, 2016
  • Current Sale Transaction ID: 1653653927
  • Current Sale Price: $720,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1617629036
  • Previous Sale Recording Date: May 09, 1994
  • Previous Sale Contract Date: Apr 25, 1994
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Jun 24, 2016
  • First Mortgage Loan Amount: $540,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jul 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: CRAGIN FEDERAL BANK FOR SVGS
  • Previous Mortgage Transaction Date: May 09, 1994
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $187,500
  • Previous Mortgage Term: 299
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: May 01, 2019

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Frequently Asked Questions

What neighborhood is 1534 West Diversey Parkway located in?
The 1534 West Diversey Parkway is a multifamily located in the neighborhood of Lakeview in North Side, Chicago.
What is the average sales price for listings in 1534 West Diversey Parkway?
The average sales price for units in 1534 West Diversey Parkway is $0 currently.

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