See Home Value
Chicago 60614 Lincoln Park
1965 North Burling Street
$2,220,996*
Land - Off Market

1965 North Burling Street

Chicago, IL 60614
bedrooms
Studio
bathrooms
0 Bath
$1,755,000 - $2,145,000
Reference Base Price*
13.90%
Since Jan 1, 2022
IL-Chicago
Primary Model
Sold Apr 18, 2022
Transfer
$1,170,000 by Bank Of America Na
Mortgage Due Aug 01, 2037
Sold Apr 01, 1996
Transfer

About This Property

INCREDIBLY RARE opportunity for someone to acquire a lot / building on one of the most coveted blocks in all of Chicago. Check out the view from the rooftop, the highest and best view of any home in the area! A single lot opportunity like this sells once a year in this area. Very few single lots are even left to build on! Currently on this lot there is a very large 4 unit all brick building that has a width that was built lot line to lot line (25 foot wide building). The rear of the building has a small backyard and two car garage. All units currently rented. Zoning is RM 4.5. Alley access which is very rare here. Lot Size is 25 x 123.35. Collect income while you hold for plans/design. **Selling as-is, expecting to sell as lot but the building would be an incredible gut rehab as well with the width. Survey in additional info as well as current rent roll. The building is currently receiving $6,800 per month and leases are month to month. **Serious inquiries and offers only, the seller receives unsolicited offers on this property every month, he knows the rarity of it!
Unit Size
-
Days on Market
-
Land Size
0.07 acres
Price per sqft
-
Property Type
Land
Property Taxes
$2,285
HOA Dues
-
Year Built
1873

Price History

Date / Event Date Event Price
Dec 18, 2021 No longer available -
No longer available
Nov 5, 2021 In contract -
In contract
Oct 16, 2021 No longer available -
No longer available
Oct 15, 2021 Listed $1,950,000
Listed
Sep 11, 2021 In contract -
In contract
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1873
  • Effective Year Built: 1873
  • Building Count: 1
  • Total Rooms: 21
  • Bedroom Count: 7
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 3
  • Living Units: 4
  • Business/Commerical Units Count: 4
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,075
  • Total Building Area: 5,781
  • Gross Building Area: 5,781
  • Building Area: 5,781
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 5,781
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SHEFFIELDS ADD
  • Land Acres: 0.071
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (SUBDIVISION) OF EH LT25 IN BLK2 OF SHEFFIELDS ADD TO CHICAGO IN SECS29,31,32 & SEC 33-40-14

Ownership

  • Current Owner : 1965 N BURLING ST LLC
  • Previous Owner : CHICAGO TITLE LAND TRUST CO
  • Owner Before Previous Owner: THE CHICAGO TRUST COMPANY
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 071800

Zoning

  • Zoning: RM-4.5

Geography

  • Assessors Map Reference: 02N-107-02
  • District: 74
  • Parcel: 14-33-301-005-0000
  • Block: 2
  • Lot: 25
  • Meridian: SEC 33 TWN 40N RNG 14E
  • Municipality: NORTH CHICAGO
  • Latitude: 41.9179
  • Longitude: -87.6468

    Address

  • Full Address: 1965 N Burling St
  • Address - House Number: 1965
  • Street Direction: N
  • Address - Street Name: Burling
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C015
  • 4-Digit Zip Code: 7830
  • Zip Code: 60614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $33,526
  • Tax Rate Code Area: 74026

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 1,061,298
  • High Value: 1,332,480
  • Low Value: 790,115

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,170,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Aug 01, 2022
  • First Open Lien Mortgage Loan Amount: $1,170,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2037

    Market Valuation

  • Market Total Value: $1,529,020
  • Market Land Value: $384,380
  • Market Improvement Value: $1,144,640

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $152,902
  • Assessed Land Value: $38,438
  • Assessed Improvements Value: $114,464

    Sales

  • Current Sale Contract Date: Mar 26, 2022
  • Current Sale Recording Date: Apr 18, 2022
  • Current Sale Transaction ID: 11889977120
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Current Sale Input Document Number: 2210819033
  • Previous Sale Recording Date: Apr 01, 1996
  • Previous Sale Contract Date: Feb 29, 1996
  • Previous Sale Document Type: Joint Tenancy Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$1,675,000 Apr 15, 2022
-
$1,248/mo
Multifamily
4 Beds
4 Baths
-
$1,950,000 Feb 21, 2023
-
$275/mo
House
4 Beds
3.5 Baths
-
$1,899,000 Jan 25, 2023
-
$300/mo
Multifamily
4 Beds
4 Baths
-
$1,875,000 Jun 8, 2022
-
$275/mo
House
4 Beds
4.5 Baths
4,100 ft²
$439/ft²
$1,800,000 Feb 14, 2023
-
$2,550/mo
House
3 Beds
2.5 Baths
-
$1,800,000 Oct 3, 2022
-
$284/mo
House
3 Beds
3 Baths
-
$1,800,000 Jun 8, 2022
-
$250/mo
Multifamily
3 Beds
2.5 Baths
-
$1,725,000 Mar 9, 2023
-
$225/mo
House
4 Beds
3.5 Baths
-
$1,725,000 Jan 21, 2022
-
$430/mo
House
3 Beds
3 Baths
-
$2,200,000 Jun 8, 2022
-
$300/mo
Multifamily
3 Beds
2.5 Baths
2,830 ft²
$599/ft²
$1,695,000 Feb 9, 2023
-
$2,745/mo
House
4 Beds
3 Baths
3,400 ft²
$471/ft²
$1,600,000 Mar 2, 2023
-
$2,273/mo

About North Side


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Frequently Asked Questions

When was property at 1965 North Burling Street built and last sold?
The property at 1965 North Burling Street was built in 1873 and last sold on Mar 26, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 1965 North Burling Street is $1,969,500.
What are some comparable homes to 1965 North Burling Street?
There are currently no comparable homes to 1965 North Burling Street.

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