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1864 South Central Park Avenue

1864 South Central Park Avenue, Chicago, IL 60623
Multifamily in Lawndale
Sold Mar 07, 2019
$180,000
$176,739 by Inland Bank & Trust
Mortgage Due Mar 01, 2049
Sold May 14, 2010
$65,000
$63,822 by Supreme Lending
Mortgage Due May 01, 2040
1864 South Central Park Avenue in Chicago, IL was first built in 1906 and is 118 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 2 floors. There are a total of 11 rooms in the home, of which, 6 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1864 South Central Park Avenue has 2,442 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 250 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 3,050 square feet.

Learn more about the property and building on this page. The roof of the home is made of tar and gravel. Water for the property is sourced from a municipal system. The property is not connected to a municipal sewage system. Instead, it is connected to a septic system which you will need to handle on your own. For those who need parking, there is a detached garage. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a hot water heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1864 South Central Park Avenue sold most recently in Feb 13, 2019 for a total of $180,000. If you work out the math, that's approximately a cost of $73.71 per sqft. Before that, the property was also sold for $65,000 in Apr 22, 2010. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,476 in taxes each year. 1864 South Central Park Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $12,000. If we break it down further, the land itself was valued at $3,584. Improvements to the property, however, were assessed at a total of $8,416. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

Building Features

Exterior

Brick Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1906
  • Effective Year Built: 1906
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 6
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,050
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 2,442
  • Gross Building Area: 2,442
  • Building Area: 2,442
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,442
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: J T MATHEWS
  • Land Acres: 0.07
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : NICKERSON JANIS M
  • Previous Owner : PILCHER MICHAEL L
  • Owner Before Previous Owner: TILLER ERNESTINE
  • Is Owner Occupied: Owner-occupied property

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: 16-23-315-052-0000
  • Lot: 51
  • Meridian: SEC 23 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8553
  • Longitude: -87.7154

    Address

  • Full Address: 1864 S Central Park Ave
  • Address - House Number: 1864
  • Street Direction: S
  • Address - Street Name: Central Park
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C028
  • 4-Digit Zip Code: 2525
  • Zip Code: 60623

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,476
  • Tax Rate Code Area: 77125

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 319,305
  • High Value: 400,893
  • Low Value: 237,716

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $176,739
  • First Open Lien Mortgage Lender: INLAND BANK & TRUST
  • First Open Lien Mortgage Recording Date: Mar 07, 2019
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $176,739
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2049

    Market Valuation

  • Market Total Value: $120,000
  • Market Land Value: $35,840
  • Market Improvement Value: $84,160

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,000
  • Assessed Land Value: $3,584
  • Assessed Improvements Value: $8,416

    Sales

  • Current Sale Contract Date: Feb 13, 2019
  • Current Sale Recording Date: Mar 07, 2019
  • Current Sale Transaction ID: 11583777701
  • Current Sale Price: $180,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1906608002
  • Previous Sale Recording Date: May 14, 2010
  • Previous Sale Contract Date: Apr 22, 2010
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: INLAND BANK & TRUST
  • First Mortgage Transaction Date: Mar 07, 2019
  • First Mortgage Loan Amount: $176,739
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Mar 01, 2049

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: SUPREME LENDING
  • Previous Mortgage Transaction Date: May 14, 2010
  • Previous Mortgage Loan Amount: $63,822
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: May 01, 2040

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Frequently Asked Questions

What neighborhood is 1864 South Central Park Avenue located in?
The 1864 South Central Park Avenue is a multifamily located in the neighborhood of Lawndale in West Side, Chicago.
What is the average sales price for listings in 1864 South Central Park Avenue?
The average sales price for units in 1864 South Central Park Avenue is $0 currently.

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