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1906 South Louie Parkway

1906 South Louie Parkway, Chicago, IL 60616
Property in Armour Square
Sold Feb 09, 2023
$735,000
$588,000 by Oaktree Funding Corp
Mortgage Due Mar 01, 2053
Sold Oct 18, 2012
$505,000
$350,000 by Pacific Global Bank
Mortgage Due Nov 01, 2042
1906 South Louie Parkway 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 2005 and is 19 years old. The home has a total of 8 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 3 stories. In addition, 1906 South Louie Parkway has 2,625 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 1,480 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown.

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 attached garage for those who require parking. 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 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 central air conditioning at the moment. In terms of heating, it is utilizing a 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, 1906 South Louie Parkway sold most recently in Feb 7, 2023 for a total of $735,000. If you work out the math, that's approximately a cost of $280.00 per sqft. Before that, the property was also sold for $505,000 in Oct 2, 2012. 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 $12,254 in taxes each year. 1906 South Louie Parkway was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $63,000. If we break it down further, the land itself was valued at $6,512. Improvements to the property, however, were assessed at a total of $56,488. 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 you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 3
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 1,480
  • Total Building Area: 2,625
  • Gross Building Area: 2,625
  • Building Area: 2,625
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,625
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SANTA FE GARDEN 04
  • Land Acres: 0.034
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : KONG TAT CHAU DANIEL
  • Previous Owner : ZHENG QIN DIAN
  • Previous Owner 2: YU FANG
  • Owner Before Previous Owner: HO RITA Y
  • Owner Before Previous Owner 2: ANDERSON KEITH M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Married Man as his sole & separate property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 841100

Zoning

  • Zoning: PD 383

Geography

  • District: 76
  • Parcel: 17-21-406-047-0000
  • Lot: 39
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8564
  • Longitude: -87.6324

    Address

  • Full Address: 1906 S Louie Pkwy
  • Address - House Number: 1906
  • Street Direction: S
  • Address - Street Name: Louie
  • Address - Suffix Type: Pkwy
  • State: IL
  • City Name: Chicago
  • Carrier Code: C021
  • 4-Digit Zip Code: 5001
  • Zip Code: 60616

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,254
  • Tax Rate Code Area: 76002

    Appraisal Valuation

  • Standard Deviation: 0.2511
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 814,439
  • High Value: 1,018,992
  • Low Value: 609,886

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $588,000
  • First Open Lien Mortgage Lender: OAKTREE FUNDING CORP
  • First Open Lien Mortgage Recording Date: Feb 09, 2023
  • First Open Lien Mortgage Loan Amount: $588,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2053

    Market Valuation

  • Market Total Value: $630,000
  • Market Land Value: $65,120
  • Market Improvement Value: $564,880

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $63,000
  • Assessed Land Value: $6,512
  • Assessed Improvements Value: $56,488

    Sales

  • Current Sale Contract Date: Feb 07, 2023
  • Current Sale Recording Date: Feb 09, 2023
  • Current Sale Transaction ID: 11901949639
  • Current Sale Price: $735,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 8108
  • Previous Sale Recording Date: Oct 18, 2012
  • Previous Sale Contract Date: Oct 02, 2012
  • Previous Sale Amount: $505,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: OAKTREE FUNDING CORP
  • First Mortgage Transaction Date: Feb 09, 2023
  • First Mortgage Loan Amount: $588,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: PACIFIC GLOBAL BANK
  • Previous Mortgage Transaction Date: Oct 18, 2012
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $350,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Nov 01, 2042

About Southwest Side



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Frequently Asked Questions

What neighborhood is 1906 South Louie Parkway located in?
The 1906 South Louie Parkway is a located in the neighborhood of Armour Square in Southwest Side, Chicago.
What is the average sales price for listings in 1906 South Louie Parkway?
The average sales price for units in 1906 South Louie Parkway is $0 currently.

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