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1638 West Division Street

1638 West Division Street, Chicago, IL 60622
Commercial in Wicker Park
1638 West Division Street has been categorized by the local assessors in Chicago, IL as a commercial type of property. The building on the property was first built in 1885 and is 139 years old. The home has a total of 6 bedrooms. Residents will have access to 3 full bathrooms. The building has a total of 3 stories. In addition, 1638 West Division Street has 3,600 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 2,724 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. 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. The roof of the building is made of tar and gravel. The exterior walls of the building are made of masonry. 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, 1638 West Division Street was last sold in Apr 5, 2023 for $2,282,000. According to our calculations, that's $633.89 per sqft. Prior to that sales transaction, the property was sold for $654,000 in Jun 16, 2020. Current property owners are expected to pay $4,608 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 1638 West Division Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $335,113. To break that down further, the land itself was valued at $54,480. While improvements to the property were assessed at a total of $280,633. 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. 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!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.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1885
  • Effective Year Built: 1885
  • Bedroom Count: 6
  • Full Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 3
  • Living Units: 3
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,724
  • Total Building Area: 3,600
  • Gross Building Area: 3,600
  • Building Area: 3,600
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,600
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: FISHS SUB
  • Land Acres: 0.63
  • Standard Land Use Code: Retail stores (personal services, photography, travel)
  • Legal Description 1: J P (FISHS) SUB OF LTS1&2 IN ASSESSORS DIV OF THE EH NW & NE SEC 06-39-14

Ownership

  • Current Owner : GELMAR LLC
  • Previous Owner : DIVISION DEVELOPMENT GROUP LLC
  • Owner Before Previous Owner: 1638 WEST DIVISION LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 241400

Zoning

  • Zoning: B3-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 17-06-235-071-0000
  • Lot: 1,2
  • Meridian: SEC 06 TWN 39N RNG 14E
  • Municipality: WEST CHICAGO
  • Latitude: 41.9035
  • Longitude: -87.669

    Address

  • Full Address: 1638 W Division St
  • Address - House Number: 1638
  • Street Direction: W
  • Address - Street Name: Division
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C071
  • 4-Digit Zip Code: 3969
  • Zip Code: 60622

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,608
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 77068

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,830,000
  • First Open Lien Mortgage Lender: BYLINE BANK
  • First Open Lien Mortgage Recording Date: Apr 10, 2023
  • First Open Lien Mortgage Loan Amount: $1,830,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $1,340,452
  • Market Land Value: $217,920
  • Market Improvement Value: $1,122,532

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $335,113
  • Assessed Land Value: $54,480
  • Assessed Improvements Value: $280,633

    Sales

  • Current Sale Contract Date: Apr 05, 2023
  • Current Sale Recording Date: Apr 10, 2023
  • Current Sale Transaction ID: 11904863390
  • Current Sale Price: $2,282,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 41190
  • Previous Sale Recording Date: Jul 30, 2020
  • Previous Sale Contract Date: Jun 16, 2020
  • Previous Sale Amount: $654,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BYLINE BANK
  • First Mortgage Transaction Date: Apr 10, 2023
  • First Mortgage Loan Amount: $1,830,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: LINCOLNWAY COMMUNITY BANK
  • Previous Mortgage Transaction Date: Jul 30, 2020
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $486,750
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jun 16, 2021

About Northwest Side



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Frequently Asked Questions

What neighborhood is 1638 West Division Street located in?
The 1638 West Division Street is a commercial located in the neighborhood of Wicker Park in Northwest Side, Chicago.
What is the average sales price for listings in 1638 West Division Street?
The average sales price for units in 1638 West Division Street is $0 currently.

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