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1944 South Chestnut Street

1944 South Chestnut Street, Des Plaines, IL 60018
Multifamily in Maine
Sold Apr 07, 2021
$320,000
$314,204 by Paramount Residential Mortgage
Mortgage Due Apr 01, 2051
Sold Sep 08, 2015
$66,500
1944 South Chestnut Street in Des Plaines, IL was first built in 1892 and is 132 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 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 1944 South Chestnut Street has 1,584 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. In total, the area measurement of the land is 6,250 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a attached garage. There are a total of 2 available parking spaces. 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 frame 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 wood. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home 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, 1944 South Chestnut Street was last sold in Mar 11, 2021 for $320,000. According to our calculations, that's $202.02 per sqft. Prior to that sales transaction, the property was sold for $66,500 in Jul 2, 2015. Current property owners are expected to pay $7,977 in taxes per year. The property on 1944 South Chestnut Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $31,001. To break that down further, the land itself was valued at $4,063. While improvements to the property were assessed at a total of $26,938. 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. 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. 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

Parking

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

Building Info

Overview

    General

  • Year Built: 1892
  • Effective Year Built: 1892
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,250
  • Total Building Area: 1,584
  • Gross Building Area: 1,584
  • Building Area: 1,584
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,584
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BAKERS ADD TO RIVERVIEW SUB OF SH SW
  • Land Acres: 0.144
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : JACOBO GISEL GALLEGOS
  • Previous Owner : MUSZYNSKI ARTUR
  • Owner Before Previous Owner: U S BANK NATIONAL ASSOCIATION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Des Plaines Community Consolidated School District 62
  • Census Tract: 806501

Geography

  • District: 22
  • Parcel: 09-29-228-028-0000
  • Block: 1
  • Lot: 42,41
  • Meridian: SEC 29 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0178
  • Longitude: -87.8896

    Address

  • Full Address: 1944 S Chestnut St
  • Address - House Number: 1944
  • Street Direction: S
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C020
  • 4-Digit Zip Code: 2959
  • Zip Code: 60018

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,977
  • Tax Rate Code Area: 22028

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 322,886
  • High Value: 405,389
  • Low Value: 240,382

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $314,204
  • First Open Lien Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Open Lien Mortgage Recording Date: Apr 07, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $314,204
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $310,010
  • Market Land Value: $40,630
  • Market Improvement Value: $269,380

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,001
  • Assessed Land Value: $4,063
  • Assessed Improvements Value: $26,938

    Sales

  • Current Sale Contract Date: Mar 11, 2021
  • Current Sale Recording Date: Apr 07, 2021
  • Current Sale Transaction ID: 11829414527
  • Current Sale Price: $320,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2109706079
  • Previous Sale Recording Date: Sep 08, 2015
  • Previous Sale Contract Date: Jul 02, 2015
  • Previous Sale Amount: $66,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Mortgage Transaction Date: Apr 07, 2021
  • First Mortgage Loan Amount: $314,204
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Des Plaines



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Frequently Asked Questions

What neighborhood is 1944 South Chestnut Street located in?
The 1944 South Chestnut Street is a multifamily located in the neighborhood of Maine in Des Plaines, Des Plaines.
What is the average sales price for listings in 1944 South Chestnut Street?
The average sales price for units in 1944 South Chestnut Street is $299,000 currently.

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