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Chicago 60647 Logan Square
1617 N SPAULDING Avenue
$215,000
● Land - Off Market

1617 N SPAULDING Avenue

Chicago, IL 60647
bedrooms
Studio
bathrooms
0 Bath
$358,353
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model

About This Property

EXTRA LARGE   30 x 177 .42   RS-3 VACANT LOT - NEAR 606 TRAIL.  LOTS OF DEVELOPMENT AROUND.
Unit Size
-
Days on Market
-
Land Size
0.11 acres
Price per sqft
-
Property Type
Land
Property Taxes
$145
HOA Dues
-
Year Built
2021

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #10581063)

Price History

Date / Event Date Event Price
Dec 12, 2019 Sold
Premium
Sold
Nov 25, 2019 Listed by Felmar Realty, Inc. $245,000
Listed by Felmar Realty, Inc.

Property Highlights

Building Info

Overview

    General

  • Year Built: 2021
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 28
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,310
  • Total Building Area: 2,427
  • Gross Building Area: 2,427
  • Building Area: 2,427
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,427
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SIMONS SUB
  • Land Acres: 0000000122
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: (DELAMATERS) RESUB OF BLK24 & LTS5-18 INCL BLK23 OF E SIMONS SUB OF SE SEC 35-40-13

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 230200

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: 010-113-03
  • District: 71
  • Parcel: 13-35-422-047-0000
  • Block: 23,24
  • Lot: 5-18
  • Meridian: SEC 35 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9107
  • Longitude: -87.7096

    Address

  • Full Address: 1617 N Spaulding Ave
  • Address - House Number: 1617
  • Street Direction: N
  • Address - Street Name: Spaulding
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C004
  • 4-Digit Zip Code: 4902
  • Zip Code: 60647

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,419,346
  • Tax Rate Code Area: 71001

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 924,154
  • High Value: 1,135,175
  • Low Value: 713,132

    Market Valuation

  • Market Total Value: $724,270
  • Market Land Value: $159,300
  • Market Improvement Value: $564,970

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $72,427
  • Assessed Land Value: $15,930
  • Assessed Improvements Value: $56,497

    Sales

  • Current Sale Contract Date: Dec 12, 2019
  • Current Sale Recording Date: Jan 03, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2000306001
  • Previous Sale Recording Date: Mar 24, 2014
  • Previous Sale Contract Date: Feb 19, 2014
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: 64
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Northwest Side

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$285

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1232 ft²

Average Home Age

76.9 years

Currently For Sale

815 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Martha Pineres, Felmar Realty, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 10581063
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1617 North Spaulding Avenue built and last sold?
The property at 1617 North Spaulding Avenue was built in 2021 and last sold on Dec 12, 2019 for $215,000.
How much is this home worth?
The estimated value of the home located at 1617 North Spaulding Avenue is $247,450.
What are some comparable homes to 1617 North Spaulding Avenue?
There are currently no comparable homes to 1617 North Spaulding Avenue.
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