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2244 North Dayton Street

2244 North Dayton Street, Chicago, IL 60614
Property in Sheffield
Sold Mar 16, 2015
$2,190,000
$1,752,000 by Morgan Stanley Private Bank Na
Mortgage Due Apr 01, 2045
Sold Sep 19, 2014
$2,275,000
2244 North Dayton Street in Chicago, IL was first built in 1913 and is 111 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 multifamily style. There are a total of 3 floors. There are a total of 10 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 5 partial bathrooms. 2244 North Dayton Street has 3,660 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 240 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 2,902 square feet.

Learn more about the property and building on this page. The roof of the home is made of tar and gravel. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. 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 masonry 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 masonry. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 2244 North Dayton Street sold most recently in Sep 24, 2014 for a total of $2,190,000. If you work out the math, that's approximately a cost of $598.36 per sqft. Before that, the property was also sold for $2,275,000 in Sep 12, 2014. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $34,837 in taxes each year. 2244 North Dayton Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $172,793. If we break it down further, the land itself was valued at $36,275. Improvements to the property, however, were assessed at a total of $136,518. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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: 1913
  • Effective Year Built: 1913
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • 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
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 2,902
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 240
  • Total Building Area: 3,660
  • Gross Building Area: 3,660
  • Building Area: 3,660
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 3,660
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SHEFFIELDS ADD
  • Land Acres: 0.067
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (SUBDIVISION) OF SH BLK3 IN SHEFFIELDS ADD TO CHICAGO IN SECS29,31,33 & SEC 32-40-14

Ownership

  • Current Owner : FARAHNAKIAN LILLY
  • Previous Owner : PARKER TERESA ANN
  • Previous Owner 2: PARKER MICHAEL
  • Owner Before Previous Owner: HUGHSON WILLIAM B
  • Owner Before Previous Owner 2: HUGHSON MONICA L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 071100

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: 02N-161-05
  • District: 74
  • Parcel: 14-32-211-018-0000
  • Block: 3
  • Lot: 50
  • Meridian: SEC 32 TWN 40N RNG 14E
  • Municipality: NORTH CHICAGO
  • Latitude: 41.9231
  • Longitude: -87.6502

    Address

  • Full Address: 2244 N Dayton St
  • Address - House Number: 2244
  • Street Direction: N
  • Address - Street Name: Dayton
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C049
  • 4-Digit Zip Code: 3612
  • Zip Code: 60614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $34,837
  • Tax Rate Code Area: 74026

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 1,784,850
  • High Value: 2,109,208
  • Low Value: 1,460,492

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,752,000
  • First Open Lien Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Open Lien Mortgage Recording Date: Mar 16, 2015
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,752,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2045

    Market Valuation

  • Market Total Value: $1,727,930
  • Market Land Value: $362,750
  • Market Improvement Value: $1,365,180

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $172,793
  • Assessed Land Value: $36,275
  • Assessed Improvements Value: $136,518

    Sales

  • Current Sale Contract Date: Sep 24, 2014
  • Current Sale Recording Date: Mar 16, 2015
  • Current Sale Transaction ID: 1041802065
  • Current Sale Price: $2,190,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1507557115
  • Previous Sale Recording Date: Sep 19, 2014
  • Previous Sale Contract Date: Sep 12, 2014
  • Previous Sale Amount: $2,275,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Mortgage Transaction Date: Mar 16, 2015
  • First Mortgage Loan Amount: $1,752,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Apr 01, 2045

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About North Side



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Frequently Asked Questions

What neighborhood is 2244 North Dayton Street located in?
The 2244 North Dayton Street is a located in the neighborhood of Sheffield in North Side, Chicago.
What is the average sales price for listings in 2244 North Dayton Street?
The average sales price for units in 2244 North Dayton Street is $0 currently.

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