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1940 South Trumbull Avenue

1940 South Trumbull Avenue, Chicago, IL 60623
Multifamily in Lawndale
Sold Dec 02, 2022
$118,000
Sold Feb 23, 2022
Transfer
Local assessors in Chicago, IL have categorized 1940 South Trumbull Avenue as a residential type of property. The home was built in 1883 and is 141 years old. The property's lot size has been calculated to be 3,075 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 10 rooms in the home. Of these, 4 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 1940 South Trumbull Avenue has a total of 2,363 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 frame 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 asphalt. Lots of wood 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 Nov 13, 2022 for $118,000. That's $49.94 per sqft. 1940 South Trumbull Avenue was last assessed in 2023. The total value of the property was assessed at $9,000. Specifically, the land the property is located on was valued at $3,613. While improvements on the property were assessed at a total of $5,387. 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 $1,151. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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
Stone Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1883
  • Effective Year Built: 1883
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • 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: 3,075
  • Total Building Area: 2,363
  • Gross Building Area: 2,363
  • Building Area: 2,363
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,363
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRAVERS SUB
  • Land Acres: 0.071
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (TRAVERS) SUB OF E 15.92 ACS OF W 30.92 ACS OF PT LYI NG S OF OGDEN AVE SE SEC 23-39-13

Ownership

  • Current Owner : GALLICO PROPERTY SOLUTIONS LLC
  • Previous Owner : TVC FUNDING IV REO LLC
  • Owner Before Previous Owner: DYNAMIC EQUITY PARTNERS INC
  • Current Owner Is a Corporation Indicator: Yes

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: 16-23-417-029-0000
  • Block: 1
  • Lot: 17
  • Meridian: SEC 23 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8544
  • Longitude: -87.7116

    Address

  • Full Address: 1940 S Trumbull Ave
  • Address - House Number: 1940
  • Street Direction: S
  • Address - Street Name: Trumbull
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C002
  • 4-Digit Zip Code: 3226
  • Zip Code: 60623

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,151
  • Tax Rate Code Area: 77125

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 304,563
  • High Value: 382,384
  • Low Value: 226,741

    Market Valuation

  • Market Total Value: $90,000
  • Market Land Value: $36,130
  • Market Improvement Value: $53,870

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $9,000
  • Assessed Land Value: $3,613
  • Assessed Improvements Value: $5,387

    Sales

  • Current Sale Contract Date: Nov 13, 2022
  • Current Sale Recording Date: Dec 02, 2022
  • Current Sale Transaction ID: 11899324626
  • Current Sale Price: $118,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 19095
  • Previous Sale Recording Date: Feb 23, 2022
  • Previous Sale Contract Date: Feb 20, 2020
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LIMA ONE CAPITAL LLC
  • First Mortgage Transaction Date: Dec 02, 2022
  • First Mortgage Loan Amount: $231,560
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Jan 01, 2024

About West Side



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Frequently Asked Questions

What neighborhood is 1940 South Trumbull Avenue located in?
The 1940 South Trumbull Avenue is a multifamily located in the neighborhood of Lawndale in West Side, Chicago.
What is the average sales price for listings in 1940 South Trumbull Avenue?
The average sales price for units in 1940 South Trumbull Avenue is $0 currently.

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