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2051 North Sedgwick Street

2051 North Sedgwick Street, Chicago, IL 60614
Property in Lincoln Park
Sold Mar 21, 2006
$3,060,000
$2,527,710 by First Bank Of Highland Park
Mortgage
Sold Oct 30, 2000
Transfer
$1,775,000 by Lasalle Bank National Assn
Mortgage Due Oct 02, 2002
2051 North Sedgwick Street has been categorized by the local assessors in Chicago, IL as a residential type of property. The building on the property was first built in 1930 and is 94 years old. The building has a total of 3 stories. The area measurement of the land has been determined as 4,336 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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, 2051 North Sedgwick Street sold most recently in Feb 28, 2006 for a total of $3,060,000. If you work out the math, that's approximately a cost of $6,120.00 per sqft. 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 $42,471 in taxes each year. 2051 North Sedgwick Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $206,488. If we break it down further, the land itself was valued at $47,696. Improvements to the property, however, were assessed at a total of $158,792. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Multifamily
  • Floor Count: 3
  • Living Units: 23
  • Business/Commerical Units Count: 45
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,336
  • Total Building Area: 500
  • Building Area: 500
  • Building Area Measurement: Building Perimeter

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: KUHNS SUB
  • Land Acres: 0.1
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (KUHNS) SUB OF BLK31 IN CANAL TRUSTEES SUB OF NH & NH SE & EH SW SEC 33-40-14

Ownership

  • Current Owner : ORLEANS I LLC
  • Previous Owner : LINLOR INVESTORS LP
  • Owner Before Previous Owner: LASALLE BANK NATIONAL ASSN
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 071400

Zoning

  • Zoning: RM-5

Geography

  • Assessors Map Reference: 02N-127-03
  • District: 74
  • Parcel: 14-33-207-003-0000
  • Block: 31
  • Lot: 2
  • Meridian: SEC 33 TWN 40N RNG 14E
  • Municipality: NORTH CHICAGO
  • Latitude: 41.9198
  • Longitude: -87.6386

    Address

  • Full Address: 2051 N Sedgwick St
  • Address - House Number: 2051
  • Street Direction: N
  • Address - Street Name: Sedgwick
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C075
  • 4-Digit Zip Code: 4765
  • Zip Code: 60614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $42,471
  • Tax Rate Code Area: 74001

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 1,843,277
  • High Value: 2,121,492
  • Low Value: 1,565,061

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,527,710
  • First Open Lien Mortgage Lender: FIRST BANK OF HIGHLAND PARK
  • First Open Lien Mortgage Recording Date: Oct 15, 2008
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $2,527,710
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $2,064,880
  • Market Land Value: $476,960
  • Market Improvement Value: $1,587,920

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $206,488
  • Assessed Land Value: $47,696
  • Assessed Improvements Value: $158,792

    Sales

  • Current Sale Contract Date: Feb 28, 2006
  • Current Sale Recording Date: Mar 21, 2006
  • Current Sale Transaction ID: 1075246507
  • Current Sale Price: $3,060,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 0608002095
  • Previous Sale Recording Date: Oct 30, 2000
  • Previous Sale Contract Date: Sep 27, 2000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: LASALLE BANK NATIONAL ASSN
  • Previous Mortgage Transaction Date: Oct 30, 2000
  • Previous Mortgage Loan Amount: $1,775,000
  • Previous Mortgage Term: 24
  • Previous Mortgage Loan Type: Seller take-back
  • Previous Mortgage Loan Due Date: Oct 02, 2002

About North Side



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Frequently Asked Questions

What neighborhood is 2051 North Sedgwick Street located in?
The 2051 North Sedgwick Street is a located in the neighborhood of Lincoln Park in North Side, Chicago.
What is the average sales price for listings in 2051 North Sedgwick Street?
The average sales price for units in 2051 North Sedgwick Street is $0 currently.

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