2051 North Racine Avenue

Local assessors in Chicago, IL have categorized 2051 North Racine Avenue as a residential type of property. The home was built in 2023 and is 1 years old. The property's lot size has been calculated to be 3,720 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 19 rooms in the home. Of these, 10 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 7 full bathrooms. There are also 8 partial bathrooms. This is a 3 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 2051 North Racine Avenue has a total of 4,326 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 are 3 available parking spaces so it's a great situation for those with more than one car. 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 central air conditioning for their cooling system. The home's a heating system is the primary heating source. 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, 2051 North Racine Avenue was last sold in May 16, 2023 for $1,539,000. According to our calculations, that's $355.76 per sqft. Prior to that sales transaction, the property was sold for $995,000 in Apr 6, 2023. Current property owners are expected to pay $13,241 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 2051 North Racine Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $272,646. To break that down further, the land itself was valued at $46,500. While improvements to the property were assessed at a total of $226,146. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged.