Check Availability

2242 South Drake Avenue

2242 South Drake Avenue, Chicago, IL 60623
Multifamily in Little Village
Nearby Listings
The property has no active listings. Please see other similar options below.
Unit for sale at 3716 W Cermak Road, Chicago, IL 60623

$379,000

  • 4 Beds
  • 2.5 Baths
  • 2,000 ft²
3716 W Cermak Road, Chicago, IL 60623 Listing by Danny Ross

Unit for sale at 3311 W Cermak Road, Chicago, IL 60623

$260,000

  • 9 Beds
3311 W Cermak Road, Chicago, IL 60623 Listing by Julianne Conroy

Unit for sale at 1929 S Trumbull Avenue, Chicago, IL 60623

$90,000

  • 5 Beds
1929 S Trumbull Avenue, Chicago, IL 60623 Listing by Gaspar Flores

Local assessors in Chicago, IL have categorized 2242 South Drake Avenue as a residential type of property. The home was built in 1910 and is 114 years old. The property's lot size has been calculated to be 3,125 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 5 rooms in the home. Of these, 3 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 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 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 2242 South Drake Avenue has a total of 1,744 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 is only one available parking space, so if you need more, you may need to find some alternatives. 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 frame 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 asphalt. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on 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, 2242 South Drake Avenue was last sold in Oct 10, 2019 for $240,000. According to our calculations, that's $137.61 per sqft. Prior to that sales transaction, the property was sold for $155,000 in Jun 13, 2014. Current property owners are expected to pay $3,619 in taxes per year. The property on 2242 South Drake Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $18,000. To break that down further, the land itself was valued at $3,672. While improvements to the property were assessed at a total of $14,328. 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. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190818
08/18/2019
6 Bed
-
-
$240,000
bedrooms
6 Bed
bathrooms
-
$240,000
10/17/2019
Maria Jerusalimiec

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,125
  • Total Building Area: 1,744
  • Gross Building Area: 1,744
  • Building Area: 1,744
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,744
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: KING SCOTT & WILSONS
  • Land Acres: 0.072
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (KING)(SCOTT) & (WILSONS) ADD TO CHICAGO RESUB LTS 1- 40 OF CHAS C MOWRYS SUB OF EH NW & WH NE EX PT C B & Q RR SEC 26-39-13

Ownership

  • Current Owner : ALBARRAN JOSE L
  • Previous Owner : SANDOVAL LILIANA MENDEZ
  • Owner Before Previous Owner: HERRERA JAYME GABRIEL MAJANO
  • Owner Before Previous Owner 2: SANCHEZ FERNANDEZ JACINTO
  • Ownership Rights Codes: Trustee/Conservator

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 300700

Zoning

  • Zoning: 10

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 16-26-200-029-0000
  • Block: 3
  • Lot: 1-40
  • Meridian: SEC 26 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8504
  • Longitude: -87.7141

    Address

  • Full Address: 2242 S Drake Ave
  • Address - House Number: 2242
  • Street Direction: S
  • Address - Street Name: Drake
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C013
  • 4-Digit Zip Code: 3132
  • Zip Code: 60623

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $3,619
  • Tax Rate Code Area: 77001

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $156,000
  • First Open Lien Mortgage Lender: FIRST NATIONAL BANK OF AMERICA
  • First Open Lien Mortgage Recording Date: Oct 17, 2019
  • First Open Lien Mortgage Loan Amount: $156,000
  • First Open Lien Mortgage Term: 299
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 25, 2044

    Market Valuation

  • Market Total Value: $180,000
  • Market Land Value: $36,720
  • Market Improvement Value: $143,280

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $18,000
  • Assessed Land Value: $3,672
  • Assessed Improvements Value: $14,328

    Sales

  • Current Sale Contract Date: Oct 10, 2019
  • Current Sale Recording Date: Oct 17, 2019
  • Current Sale Transaction ID: 11662311233
  • Current Sale Price: $240,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1929006223
  • Previous Sale Recording Date: Jun 24, 2014
  • Previous Sale Contract Date: Jun 13, 2014
  • Previous Sale Amount: $155,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST NATIONAL BANK OF AMERICA
  • First Mortgage Transaction Date: Oct 17, 2019
  • First Mortgage Loan Amount: $156,000
  • First Mortgage Terms: 299
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 25, 2044

    Previous Mortgages

  • Previous Mortgage Lender: USLENDING & FINANCE LTD
  • Previous Mortgage Transaction Date: Jun 24, 2014
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $152,192
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jul 01, 2044

About West Side



Similar Buildings

Multifamily at 2242 South Drake Avenue,

2318 South Central Park Avenue

  • 1 Unit for Sale
2318 South Central Park Avenue, Chicago, IL 60623
Multifamily at 2242 South Drake Avenue,

3449 West 23rd Street

  • 1 Unit for Sale
3449 West 23rd Street, Chicago, IL 60623
Multifamily at 2242 South Drake Avenue,

2436 South Central Park Avenue

  • 1 Unit for Sale
2436 South Central Park Avenue, Chicago, IL 60623
Multifamily at 2242 South Drake Avenue,

2339 South Homan Avenue

  • 1 Unit for Sale
2339 South Homan Avenue, Chicago, IL 60623
Multifamily at 2242 South Drake Avenue,

1936 South St Louis Avenue

  • 1 Unit for Sale
1936 South St Louis Avenue, Chicago, IL 60623
Multifamily at 2242 South Drake Avenue,

2447 South Millard Avenue

  • 1 Unit for Sale
2447 South Millard Avenue, Chicago, IL 60623
Multifamily at 2242 South Drake Avenue,

1940 South Trumbull Avenue

  • 1 Unit for Sale
1940 South Trumbull Avenue, Chicago, IL 60623
Multifamily at 2242 South Drake Avenue,

2244 South Spaulding Avenue

  • 1 Unit for Sale
2244 South Spaulding Avenue, Chicago, IL 60623
Multifamily at 2242 South Drake Avenue,

1840 South Drake Avenue

  • 1 Unit for Sale
1840 South Drake Avenue, Chicago, IL 60623

Nearby Rentals

Unit for rent at 2216 W 37th Street, Chicago, IL, 60609

$1,500 /mo

  • 1 Bed
  • 1 Bath
  • 700 ft²
2216 W 37th Street #2F, Chicago, IL, 60609 Listing by Courtney Sinisi
Unit for rent at 2527 W Harrison Street, Chicago, IL, 60612

$2,150 /mo

  • 2 Beds
  • 2 Baths
  • 1,000 ft²
2527 W Harrison Street #2, Chicago, IL, 60612 Listing by Christi Avelar
Unit for rent at 2526 W Lexington Street, Chicago, IL, 60612

$2,400 /mo

  • 3 Beds
  • 1 Bath
  • 1,350 ft²
2526 W Lexington Street #3, Chicago, IL, 60612 Listing by Mehdi Mova
Unit for rent at 3550 W 13th Place, Chicago, IL, 60623

$1,350 /mo

  • 2 Beds
  • 1 Bath
  • 700 ft²
3550 W 13th Place #3B, Chicago, IL, 60623 Listing by Ron Lewis
Unit for rent at 2756 W 24th Street, Chicago, IL, 60608

$1,525 /mo

  • 2 Beds
  • 1 Bath
2756 W 24th Street #2F, Chicago, IL, 60608 Listing by Eduardo Sanchez
Unit for rent at 2135 W Adams Street, Chicago, IL, 60612

$2,200 /mo

  • 2 Beds
  • 2 Baths
2135 W Adams Street #3, Chicago, IL, 60612 Listing by DeWayne Jefferson
Unit for rent at 2531 W Harrison Street, Chicago, IL, 60612

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,300 ft²
2531 W Harrison Street #2, Chicago, IL, 60612 Listing by Joe Caputo

Frequently Asked Questions

What neighborhood is 2242 South Drake Avenue located in?
The 2242 South Drake Avenue is a multifamily located in the neighborhood of Little Village in West Side, Chicago.
What is the average sales price for listings in 2242 South Drake Avenue?
The average sales price for units in 2242 South Drake Avenue is $240,000 currently.

Quantcast