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1724 Lincoln Street

1724 Lincoln Street, North Chicago, IL 60064
Property in Washburn Park
Refi Dec 11, 1996
Transfer
Owner
$71,702 by Credicorp Inc
Mortgage Due Nov 30, 2026
1724 Lincoln Street has been categorized by the local assessors in North Chicago, IL as a residential type of property. The building on the property was first built in 1925 and is 99 years old. The home has a total of 4 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1724 Lincoln Street has 1,449 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 4,787 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a Cape Cod 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 detached garage for those who require parking. The garage measured 432 sqft. According to our sources, there are a total of 2 available parking spaces. 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 frame 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 composition shingle. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $2,888 in taxes each year. 1724 Lincoln Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $39,760. If we break it down further, the land itself was valued at $4,786. Improvements to the property, however, were assessed at a total of $34,974. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Cape Cod
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 874
  • Garage Type: Detached
  • Garage Square Area: 432
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,787
  • Total Building Area: 2,323
  • Gross Building Area: 2,323
  • Building Area: 1,449
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,449
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WASHBURN PARK
  • Land Acres: 0.11
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WASHBURN PARK LOT 12 &N1/2 LOT 13 BLOCK 21

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: North Chicago School District 187
  • Census Tract: 862902

Geography

  • Assessors Map Reference: 2537-A6
  • District: WAUKEGAN
  • Parcel: 08-33-323-021
  • Block: 21
  • Lot: 12,13
  • Municipality: TWP OF WAUKEGAN
  • Latitude: 42.3278
  • Longitude: -87.8427

    Address

  • Full Address: 1724 Lincoln St
  • Address - House Number: 1724
  • Address - Street Name: Lincoln
  • Address - Suffix Type: St
  • State: IL
  • City Name: North Chicago
  • Carrier Code: C003
  • 4-Digit Zip Code: 2162
  • Zip Code: 60064

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,888
  • Tax Rate Code Area: 9002

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 174,004
  • High Value: 201,801
  • Low Value: 146,206

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $89,122
  • First Open Lien Mortgage Lender: CREDICORP INC
  • First Open Lien Mortgage Recording Date: Dec 11, 1996
  • First Open Lien Mortgage Loan Amount: $71,702
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Nov 30, 2026
  • Second Open Lien Mortgage Lender: FIRST MIDWEST BANK
  • Second Open Lien Mortgage Recording Date: Feb 11, 2021
  • Second Open Lien Mortgage Loan Amount: $17,420
  • Second Open Lien Mortgage Term: 60
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Second Open Lien Mortgage Loan Due Date: Jan 27, 2026

    Market Valuation

  • Market Total Value: $119,291
  • Market Land Value: $14,359
  • Market Improvement Value: $104,932

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $39,760
  • Assessed Land Value: $4,786
  • Assessed Improvements Value: $34,974

About Washburn Park



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Frequently Asked Questions

What neighborhood is 1724 Lincoln Street located in?
The 1724 Lincoln Street is a located in the neighborhood of Washburn Park in Washburn Park, North Chicago.
What is the average sales price for listings in 1724 Lincoln Street?
The average sales price for units in 1724 Lincoln Street is $0 currently.

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