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1956 North Lincoln Avenue

1956 North Lincoln Avenue, Chicago, IL 60614
Sold May 28, 2010
$1,250,000
$1,500,000 by Associated Bank Na
Mortgage Due Oct 01, 2048
Sold Nov 08, 1999
$860,000
$350,000 by Citibank
Mortgage Due Nov 01, 2029
1956 North Lincoln Avenue in Chicago, 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 unknown style. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 1956 North Lincoln Avenue has 2,600 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 2,437 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. 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 masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of A. 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 central 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, 1956 North Lincoln Avenue sold most recently in May 12, 2010 for a total of $1,250,000. If you work out the math, that's approximately a cost of $480.77 per sqft. Before that, the property was also sold for $860,000 in Oct 18, 1999. 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 $28,298 in taxes each year. 1956 North Lincoln Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $131,161. If we break it down further, the land itself was valued at $30,463. Improvements to the property, however, were assessed at a total of $100,698. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1892
  • Effective Year Built: 1892
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Masonry
  • Building Style: Unknown
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 2,437
  • Total Building Area: 2,600
  • Gross Building Area: 2,600
  • Building Area: 2,600
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 2,600
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: ARMSTRONGS SUB
  • Land Acres: 0.056
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (PUMPELLYS) RESUB OF LTS2-5 OF ARMSTRONGS SUB OF N3AC S OF BLK39 OF CANAL TRUSTEES SUB OF NH & NH SE & EH SW SEC 33-40-14

Ownership

  • Current Owner : PASSIS MARK A
  • Current Owner 2: PASSIS CORA M
  • Previous Owner : COLMAN JEFFREY D
  • Previous Owner 2: LOEB NANCY C
  • Owner Before Previous Owner: RITTER GERALD L
  • Owner Before Previous Owner 2: RITTER ROBERTA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 071500

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: 02N-127-01
  • District: 74
  • Parcel: 14-33-401-023-0000
  • Block: 39
  • Lot: 2-5
  • Meridian: SEC 33 TWN 40N RNG 14E
  • Municipality: NORTH CHICAGO
  • Latitude: 41.9176
  • Longitude: -87.6382

    Address

  • Full Address: 1956 N Lincoln Ave
  • Address - House Number: 1956
  • Street Direction: N
  • Address - Street Name: Lincoln
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C070
  • 4-Digit Zip Code: 5404
  • Zip Code: 60614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $28,298
  • Tax Rate Code Area: 74001

    Appraisal Valuation

  • Standard Deviation: 0.2542
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 1,651,522
  • High Value: 2,071,364
  • Low Value: 1,231,679

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,500,000
  • First Open Lien Mortgage Lender: ASSOCIATED BANK NA
  • First Open Lien Mortgage Recording Date: Oct 22, 2018
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2048

    Market Valuation

  • Market Total Value: $1,311,610
  • Market Land Value: $304,630
  • Market Improvement Value: $1,006,980

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $131,161
  • Assessed Land Value: $30,463
  • Assessed Improvements Value: $100,698

    Sales

  • Current Sale Contract Date: May 12, 2010
  • Current Sale Recording Date: May 28, 2010
  • Current Sale Transaction ID: 1177175487
  • Current Sale Price: $1,250,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1014833141
  • Previous Sale Recording Date: Nov 08, 1999
  • Previous Sale Contract Date: Oct 18, 1999
  • Previous Sale Amount: $860,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: CITIBANK
  • Previous Mortgage Transaction Date: Nov 08, 1999
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $350,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Nov 01, 2029

About Central Chicago



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Frequently Asked Questions

What neighborhood is 1956 North Lincoln Avenue located in?
The 1956 North Lincoln Avenue is a located in the neighborhood of Old Town Triangle in Central Chicago, Chicago.
What is the average sales price for listings in 1956 North Lincoln Avenue?
The average sales price for units in 1956 North Lincoln Avenue is $0 currently.

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