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2243 North Seminary Avenue

2243 North Seminary Avenue, Chicago, IL 60614
Multifamily in Sheffield
Sold Apr 07, 2021
$2,478,000
$1,680,000 by Jpmorgan Chase Bank Na
Mortgage Due Jan 01, 2051
Sold Nov 26, 2018
$956,000
$1,410,750 by Amalgamated Bank Of Chicago
Mortgage Due May 10, 2020
2243 North Seminary Avenue 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 1890 and is 134 years old. The home has a total of 23 rooms. 9 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 3 stories. In addition, 2243 North Seminary Avenue has 4,073 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 2,976 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. For the features and amenities located on the property. There is a no garage for those who require parking. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of tar and gravel. The exterior walls of the building are made of masonry. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system. 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, 2243 North Seminary Avenue sold most recently in Dec 17, 2020 for a total of $2,478,000. If you work out the math, that's approximately a cost of $608.40 per sqft. Before that, the property was also sold for $956,000 in Nov 1, 2018. 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 $29,605 in taxes each year. 2243 North Seminary Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $151,435. If we break it down further, the land itself was valued at $37,200. Improvements to the property, however, were assessed at a total of $114,235. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

Building Features

Exterior

Brick Exterior
Stone Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 23
  • Bedroom Count: 9
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 3
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,976
  • Total Building Area: 4,073
  • Gross Building Area: 4,073
  • Building Area: 4,073
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 4,073
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SHEFFIELDS ADD
  • Land Acres: 0.068
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (SUBDIVISION) OF EH BLK11 OF SHEFFIELDS ADD TO CHICAG O IN SECS29,31,32 & 33 SEC 32-40-14

Ownership

  • Current Owner : STILWELL SHAWN
  • Previous Owner : SEMINARY LLC
  • Owner Before Previous Owner: SAHARA TOSHIKO
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 071000

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: 02N-157-01
  • District: 74
  • Parcel: 14-32-207-010-0000
  • Block: 11
  • Lot: 13
  • Meridian: SEC 32 TWN 40N RNG 14E
  • Municipality: NORTH CHICAGO
  • Latitude: 41.923
  • Longitude: -87.6556

    Address

  • Full Address: 2243 N Seminary Ave
  • Address - House Number: 2243
  • Street Direction: N
  • Address - Street Name: Seminary
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C040
  • 4-Digit Zip Code: 6698
  • Zip Code: 60614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $29,605
  • Tax Rate Code Area: 74026

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 1,004,465
  • High Value: 1,261,125
  • Low Value: 747,804

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,680,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Apr 07, 2021
  • First Open Lien Mortgage Loan Amount: $1,680,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Market Valuation

  • Market Total Value: $1,514,350
  • Market Land Value: $372,000
  • Market Improvement Value: $1,142,350

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $151,435
  • Assessed Land Value: $37,200
  • Assessed Improvements Value: $114,235

    Sales

  • Current Sale Contract Date: Dec 17, 2020
  • Current Sale Recording Date: Apr 07, 2021
  • Current Sale Transaction ID: 11829414575
  • Current Sale Price: $2,478,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2109704039
  • Previous Sale Recording Date: Nov 26, 2018
  • Previous Sale Contract Date: Nov 01, 2018
  • Previous Sale Amount: $956,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Apr 07, 2021
  • First Mortgage Loan Amount: $1,680,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: AMALGAMATED BANK OF CHICAGO
  • Previous Mortgage Transaction Date: Nov 26, 2018
  • Previous Mortgage Loan Amount: $1,410,750
  • Previous Mortgage Term: 17
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: May 10, 2020

About North Side



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$2,600 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,373 ft²
Listing by Mariel Rovagnati

Frequently Asked Questions

What neighborhood is 2243 North Seminary Avenue located in?
The 2243 North Seminary Avenue is a multifamily located in the neighborhood of Sheffield in North Side, Chicago.
What is the average sales price for listings in 2243 North Seminary Avenue?
The average sales price for units in 2243 North Seminary Avenue is $0 currently.

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