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1808 South Drake Avenue

1808 South Drake Avenue, Chicago, IL 60623
Multifamily in Lawndale
Sold Jul 01, 2019
$287,000
Sold Jul 24, 2007
$418,000
$313,500 by Abn Amro Mortgage Group Inc
Mortgage Due Aug 01, 2037
1808 South Drake 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 1913 and is 111 years old. The home has a total of 15 rooms. 8 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 2 stories. In addition, 1808 South Drake Avenue has 4,035 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,250 ft and across the front of the lot is 300 ft. The area measurement of the land has been determined as 3,750 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 air conditioning at the moment. In terms of heating, it is utilizing a heating system. 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, 1808 South Drake Avenue was last sold in Jun 26, 2019 for $287,000. According to our calculations, that's $71.13 per sqft. Prior to that sales transaction, the property was sold for $418,000 in Apr 27, 2007. Current property owners are expected to pay $2,350 in taxes per year. The property on 1808 South Drake Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $11,387. To break that down further, the land itself was valued at $4,406. While improvements to the property were assessed at a total of $6,981. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1913
  • Effective Year Built: 1913
  • Building Count: 1
  • Total Rooms: 15
  • Bedroom Count: 8
  • 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: 2
  • Living Units: 3
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,750
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 300
  • Total Building Area: 4,035
  • Gross Building Area: 4,035
  • Building Area: 4,035
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 4,035
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NEWKIRKS SUB
  • Land Acres: 0.086
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (NEWKIRKS) SUB OF W 332 FT OF 595.4 FT S & ADJ N 265 FT SE SEC 23-39-13

Ownership

  • Current Owner : JALOWIEC PIOTR
  • Previous Owner : RLT GATTUSO JR NICHOLAS J
  • Owner Before Previous Owner: US BANK NA
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 292200

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 16-23-400-071-0000
  • Lot: 18
  • Meridian: SEC 23 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8568
  • Longitude: -87.7142

    Address

  • Full Address: 1808 S Drake Ave
  • Address - House Number: 1808
  • Street Direction: S
  • Address - Street Name: Drake
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C028
  • 4-Digit Zip Code: 4269
  • Zip Code: 60623

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,350
  • Tax Rate Code Area: 77125

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 316,292
  • High Value: 397,110
  • Low Value: 235,473

    Market Valuation

  • Market Total Value: $113,870
  • Market Land Value: $44,060
  • Market Improvement Value: $69,810

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,387
  • Assessed Land Value: $4,406
  • Assessed Improvements Value: $6,981

    Sales

  • Current Sale Contract Date: Jun 26, 2019
  • Current Sale Recording Date: Jul 01, 2019
  • Current Sale Transaction ID: 11619124884
  • Current Sale Price: $287,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 1918208402
  • Previous Sale Recording Date: Jul 24, 2007
  • Previous Sale Contract Date: Apr 27, 2007
  • Previous Sale Amount: $418,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Jul 01, 2019
  • First Mortgage Loan Amount: $215,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2049

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: ABN AMRO MORTGAGE GROUP INC
  • Previous Mortgage Transaction Date: Jul 24, 2007
  • Previous Mortgage Loan Amount: $313,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Aug 01, 2037

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Frequently Asked Questions

What neighborhood is 1808 South Drake Avenue located in?
The 1808 South Drake Avenue is a multifamily located in the neighborhood of Lawndale in West Side, Chicago.
What is the average sales price for listings in 1808 South Drake Avenue?
The average sales price for units in 1808 South Drake Avenue is $0 currently.

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