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1554 South Homan Avenue

1554 South Homan Avenue, Chicago, IL 60623
Multifamily in Lawndale
1554 South Homan Avenue 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 2010 and is 14 years old. The home has a total of 15 rooms. 6 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 3 stories. In addition, 1554 South Homan Avenue has 3,402 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 3,115 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 asphalt. The exterior walls of the building are made of masonry. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. The property was last sold in Jul 9, 2019 for $300,000. That's $88.18 per sqft. Prior to that sales transaction, the property was also sold in Jun 28, 2016 for $270,000. 1554 South Homan Avenue was last assessed in 2023. The total value of the property was assessed at $38,000. Specifically, the land the property is located on was valued at $3,660. While improvements on the property were assessed at a total of $34,340. 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 $7,842. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190525
05/25/2019
9 Bed
-
-
$300,000
bedrooms
9 Bed
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Building Count: 1
  • Total Rooms: 15
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 3
  • Living Units: 3
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,115
  • Total Building Area: 3,402
  • Gross Building Area: 3,402
  • Building Area: 3,402
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 3,402
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GRANTS ADD/CHICAGO
  • Land Acres: 0.072
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : BELOKUROVA MARIA A
  • Previous Owner : EASTERN INVESTMENT GROUP LLC
  • Owner Before Previous Owner: FCBT HOLDINGS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 291200

Zoning

  • Zoning: RT-4

Geography

  • District: 77
  • Parcel: 16-23-225-044-0000
  • Lot: 11
  • Municipality: WEST CHICAGO
  • Latitude: 41.8593
  • Longitude: -87.7106

    Address

  • Full Address: 1554 S Homan Ave
  • Address - House Number: 1554
  • Street Direction: S
  • Address - Street Name: Homan
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C029
  • 4-Digit Zip Code: 4484
  • Zip Code: 60623

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,842
  • Tax Rate Code Area: 77113

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 301,930
  • High Value: 347,501
  • Low Value: 256,358

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $299,000
  • First Open Lien Mortgage Lender: BELMONT BANK & TRUST COMPANY
  • First Open Lien Mortgage Recording Date: Nov 15, 2023
  • First Open Lien Mortgage Loan Amount: $299,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 08, 2028

    Market Valuation

  • Market Total Value: $380,000
  • Market Land Value: $36,600
  • Market Improvement Value: $343,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,000
  • Assessed Land Value: $3,660
  • Assessed Improvements Value: $34,340

    Sales

  • Current Sale Contract Date: Jul 09, 2019
  • Current Sale Recording Date: Jul 12, 2019
  • Current Sale Transaction ID: 11621466242
  • Current Sale Price: $300,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1919306111
  • Previous Sale Recording Date: Jul 08, 2016
  • Previous Sale Contract Date: Jun 28, 2016
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST SAVINGS BANK
  • First Mortgage Transaction Date: Jul 12, 2019
  • First Mortgage Loan Amount: $270,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2049

    Financing

  • First Mortgage Financing Type: Fixed Rate

About West Side



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Frequently Asked Questions

What neighborhood is 1554 South Homan Avenue located in?
The 1554 South Homan Avenue is a multifamily located in the neighborhood of Lawndale in West Side, Chicago.
What is the average sales price for listings in 1554 South Homan Avenue?
The average sales price for units in 1554 South Homan Avenue is $0 currently.

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