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1935 South Drake Avenue

1935 South Drake Avenue, Chicago, IL 60623
Multifamily in Little Village
Sold Jun 01, 2021
$330,000
$280,500 by Cibc Bank Usa
Mortgage Due Jun 01, 2051
Sold Dec 30, 2019
$250,000
$245,471 by Midwest Equity Mortgage Llc
Mortgage Due Jan 01, 2050
Local assessors in Chicago, IL have categorized 1935 South Drake Avenue as a residential type of property. The home was built in 1905 and is 119 years old. The property's lot size has been calculated to be 3,650 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 11 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1935 South Drake Avenue has a total of 2,176 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of tar and gravel. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in May 12, 2021 for $330,000. That's $151.65 per sqft. Prior to that sales transaction, the property was also sold in Dec 18, 2019 for $250,000. 1935 South Drake Avenue was last assessed in 2023. The total value of the property was assessed at $22,000. Specifically, the land the property is located on was valued at $4,289. While improvements on the property were assessed at a total of $17,711. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $4,540. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. 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: 1905
  • Effective Year Built: 1905
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • 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: 3,650
  • Total Building Area: 2,176
  • Gross Building Area: 2,176
  • Building Area: 2,176
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,176
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RACE & PEARSONS
  • Land Acres: 0.084
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (RACE) & (PEARSONS) SUB OF W 15 ACS OF PT LYING S OF WESTERN AVE OR OGDEN AVE RUNNING TO CENTER OF STREET OR AVENUES WH SE SE

Ownership

  • Current Owner : ALMANZA JOSE M
  • Current Owner 2: ALMANZA DANIEL
  • Previous Owner : VARGAS MARTIN
  • Previous Owner 2: VARGAS JOSE ANTONIO
  • Owner Before Previous Owner: ALBANY BANK & TRUST COMPANY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 844700

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 16-23-416-013-0000
  • Block: 1
  • Lot: 13
  • Meridian: SEC 23 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8539
  • Longitude: -87.7133

    Address

  • Full Address: 1935 S Drake Ave
  • Address - House Number: 1935
  • Street Direction: S
  • Address - Street Name: Drake
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C013
  • 4-Digit Zip Code: 3116
  • Zip Code: 60623

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,540
  • Tax Rate Code Area: 77125

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 368,443
  • High Value: 462,587
  • Low Value: 274,298

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $280,500
  • First Open Lien Mortgage Lender: CIBC BANK USA
  • First Open Lien Mortgage Recording Date: Jun 01, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $280,500
  • 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: Jun 01, 2051

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $42,890
  • Market Improvement Value: $177,110

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,000
  • Assessed Land Value: $4,289
  • Assessed Improvements Value: $17,711

    Sales

  • Current Sale Contract Date: May 12, 2021
  • Current Sale Recording Date: Jun 01, 2021
  • Current Sale Transaction ID: 11836703707
  • Current Sale Price: $330,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2115228128
  • Previous Sale Recording Date: Dec 30, 2019
  • Previous Sale Contract Date: Dec 18, 2019
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CIBC BANK USA
  • First Mortgage Transaction Date: Jun 01, 2021
  • First Mortgage Loan Amount: $280,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: MIDWEST EQUITY MORTGAGE LLC
  • Previous Mortgage Transaction Date: Dec 30, 2019
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $245,471
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jan 01, 2050

About West Side



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Frequently Asked Questions

What neighborhood is 1935 South Drake Avenue located in?
The 1935 South Drake Avenue is a multifamily located in the neighborhood of Little Village in West Side, Chicago.
What is the average sales price for listings in 1935 South Drake Avenue?
The average sales price for units in 1935 South Drake Avenue is $0 currently.

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