Check Availability

1616 West 32nd Street

1616 West 32nd Street, Chicago, IL 60608
Property in McKinley Park
1616 West 32nd Street in Chicago, IL was first built in 1990 and is 34 years old. This has been categorized as a commercial property type. For those interested in architecture, the building on the property was built in a unknown style. It is a single story home. In total, the area measurement of the land is 1,008 square feet.

Learn more about the property and building on this page. The property was last sold in Oct 12, 2023 for $3,000,000. That's $352.94 per sqft. Prior to that sales transaction, the property was also sold in Aug 15, 2018 for $1,800,000. 1616 West 32nd Street was last assessed in 2023. The total value of the property was assessed at $34,323. Specifically, the land the property is located on was valued at $5,040. While improvements on the property were assessed at a total of $29,283. 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 $7,059. 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! 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.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Unknown
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,008
  • Total Building Area: 8,500
  • Building Area: 8,500
  • Building Area Measurement: Building Perimeter

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: LEXINGTON SUB
  • Land Acres: 0.23
  • Standard Land Use Code: Commercial building
  • Legal Description 1: (LEXINGTON) SUB OF BLK11, EX W15/400ACS, IN CANAL TRU STEES SUB OF NE SEC 31-39-14

Ownership

  • Current Owner : 3170 ASHLAND LLC
  • Previous Owner : J & Z ASSOCIATES INC
  • Owner Before Previous Owner: RASC MANAGEMENT ENTERPRISES LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 840400

Zoning

  • Zoning: C2-2

Geography

  • Assessors Map Reference: Jul 04, 2004
  • District: 76
  • Parcel: 17-31-213-036-0000
  • Block: 11
  • Lot: 19
  • Meridian: SEC 31 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8358
  • Longitude: -87.6663

    Address

  • Full Address: 1616 W 32nd St
  • Address - House Number: 1616
  • Street Direction: W
  • Address - Street Name: 32nd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C059
  • 4-Digit Zip Code: 6214
  • Zip Code: 60608

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,059
  • Tax Rate Code Area: 76001

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,330,000
  • First Open Lien Mortgage Lender: CATHAY BANK
  • First Open Lien Mortgage Recording Date: Oct 27, 2023
  • First Open Lien Mortgage Loan Amount: $1,330,000
  • 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 01, 2028

    Market Valuation

  • Market Total Value: $137,292
  • Market Land Value: $20,160
  • Market Improvement Value: $117,132

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,323
  • Assessed Land Value: $5,040
  • Assessed Improvements Value: $29,283

    Sales

  • Current Sale Contract Date: Oct 12, 2023
  • Current Sale Recording Date: Oct 27, 2023
  • Current Sale Transaction ID: 11915207966
  • Current Sale Price: $3,000,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 10006
  • Previous Sale Recording Date: Aug 20, 2018
  • Previous Sale Contract Date: Aug 15, 2018
  • Previous Sale Amount: $1,800,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CATHAY BANK
  • First Mortgage Transaction Date: Oct 27, 2023
  • First Mortgage Loan Amount: $1,330,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2028

    Previous Mortgages

  • Previous Mortgage Lender: INLAND BANK & TRUST
  • Previous Mortgage Transaction Date: Aug 20, 2018
  • Previous Mortgage Loan Amount: $1,260,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About Southwest Side



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1616 West 32nd Street located in?
The 1616 West 32nd Street is a located in the neighborhood of McKinley Park in Southwest Side, Chicago.
What is the average sales price for listings in 1616 West 32nd Street?
The average sales price for units in 1616 West 32nd Street is $0 currently.

Quantcast