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2055 North Whipple Street

2055 North Whipple Street, Chicago, IL 60647
Multifamily in Palmer Square
Sold Feb 26, 2020
$435,000
Sold Jan 12, 1999
$135,000
$132,311 by Westamerica Mtg
Mortgage Due Jan 01, 2029
2055 North Whipple Street 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 bungalow style. There are a total of 2 floors. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 2055 North Whipple Street has 1,280 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. The linear feet across the front of the lot is 250 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 3,125 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. For those who need parking, there is a detached garage. There is one available parking space. 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 air conditioning. As for heating, the home is utilizing a heating system. The property was last sold in Feb 10, 2020 for $435,000. That's $339.84 per sqft. Prior to that sales transaction, the property was also sold in Nov 11, 1998 for $135,000. 2055 North Whipple Street was last assessed in 2023. The total value of the property was assessed at $41,001. Specifically, the land the property is located on was valued at $14,063. While improvements on the property were assessed at a total of $26,938. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $8,462. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Exterior
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: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,125
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,280
  • Gross Building Area: 1,280
  • Building Area: 1,280
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,280
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: PALMER PLACE
  • Land Acres: 0.072
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (PALMER)(PLACE) SUB OF PT OF SW NW SEC 36-40-13

Ownership

  • Current Owner : SANCHEZ LUZ MARIA GABRIELA VILLARREAL
  • Previous Owner : TORRES DINAH
  • Previous Owner 2: TORRES MARITZA E
  • Owner Before Previous Owner: FIRST SUBURBAN NATIONAL BANK
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 221200

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 13-36-116-015-0000
  • Lot: 71
  • Meridian: SEC 36 TWN 40N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.919
  • Longitude: -87.7036

    Address

  • Full Address: 2055 N Whipple St
  • Address - House Number: 2055
  • Street Direction: N
  • Address - Street Name: Whipple
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C030
  • 4-Digit Zip Code: 0862
  • Zip Code: 60647

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,462
  • Tax Rate Code Area: 77135

    Appraisal Valuation

  • Standard Deviation: 0.2676
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 61
  • Final Value: 552,388
  • High Value: 700,239
  • Low Value: 404,538

    Market Valuation

  • Market Total Value: $410,010
  • Market Land Value: $140,630
  • Market Improvement Value: $269,380

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,001
  • Assessed Land Value: $14,063
  • Assessed Improvements Value: $26,938

    Sales

  • Current Sale Contract Date: Feb 10, 2020
  • Current Sale Recording Date: Feb 26, 2020
  • Current Sale Transaction ID: 11738782734
  • Current Sale Price: $435,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2005757061
  • Previous Sale Recording Date: Jan 12, 1999
  • Previous Sale Contract Date: Nov 11, 1998
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: FIRST NATIONAL BANK OF AMERICA
  • First Mortgage Transaction Date: Feb 26, 2020
  • First Mortgage Loan Amount: $261,000
  • First Mortgage Terms: 300
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 10, 2045

    Previous Mortgages

  • Previous Mortgage Lender: WESTAMERICA MTG
  • Previous Mortgage Transaction Date: Jan 12, 1999
  • Previous Mortgage Loan Amount: $132,311
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jan 01, 2029

About Northwest Side



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Frequently Asked Questions

What neighborhood is 2055 North Whipple Street located in?
The 2055 North Whipple Street is a multifamily located in the neighborhood of Palmer Square in Northwest Side, Chicago.
What is the average sales price for listings in 2055 North Whipple Street?
The average sales price for units in 2055 North Whipple Street is $474,900 currently.

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