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2248 North Orchard Street

2248 North Orchard Street, Chicago, IL 60614
Property in Lincoln Park
Sold Jul 19, 2017
$3,465,000
$2,700,000 by Jpmorgan Chase Bank Na
Mortgage Due Aug 01, 2047
Sold Jun 03, 2010
$4,000,000
Local assessors in Chicago, IL have categorized 2248 North Orchard Street as a residential type of property. The home was built in 2007 and is 17 years old. The property's lot size has been calculated to be 3,921 square feet. The linear feet between the front and back of the lot was measured at 1,250 ft and the front of the lot was measured at 310 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 4 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 4 full bathrooms. There are also 5 partial bathrooms. This is a 3 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 2248 North Orchard Street has a total of 4,208 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. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 masonry 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 tar and gravel. Lots of masonry 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 2248 North Orchard Street sold most recently in Jul 6, 2017 for a total of $3,465,000. If you work out the math, that's approximately a cost of $823.43 per sqft. Before that, the property was also sold for $4,000,000 in May 28, 2010. 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 $60,586 in taxes each year. 2248 North Orchard Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $294,561. If we break it down further, the land itself was valued at $49,013. Improvements to the property, however, were assessed at a total of $245,548. 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 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. 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: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 3
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,921
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 310
  • Total Building Area: 4,208
  • Gross Building Area: 4,208
  • Building Area: 4,208
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 4,208
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HITCHCOCKS
  • Land Acres: 0.09
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 95 & S 22 FT LOT 96 IN MITCHCOC KS SUB E2 BLK 9 IN CANAL TRUSTEES SUB IN SEC33 T40N R14E 3P

Ownership

  • Current Owner : ANEZIOKORO OGBONNAYA
  • Previous Owner : KIRKISH MARK S
  • Owner Before Previous Owner: GVP ORCHARD LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 071200

Zoning

  • Zoning: RM-4.5

Geography

  • District: 74
  • Parcel: 14-33-108-044-0000
  • Lot: 95,96
  • Municipality: NORTH CHICAGO
  • Latitude: 41.9233
  • Longitude: -87.6466

    Address

  • Full Address: 2248 N Orchard St
  • Address - House Number: 2248
  • Street Direction: N
  • Address - Street Name: Orchard
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C020
  • 4-Digit Zip Code: 3714
  • Zip Code: 60614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $60,586
  • Tax Rate Code Area: 74026

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 1,707,762
  • High Value: 2,144,128
  • Low Value: 1,271,395

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,700,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Jul 19, 2017
  • First Open Lien Mortgage Loan Amount: $2,700,000
  • 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: Aug 01, 2047

    Market Valuation

  • Market Total Value: $2,945,610
  • Market Land Value: $490,130
  • Market Improvement Value: $2,455,480

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $294,561
  • Assessed Land Value: $49,013
  • Assessed Improvements Value: $245,548

    Sales

  • Current Sale Contract Date: Jul 06, 2017
  • Current Sale Recording Date: Jul 19, 2017
  • Current Sale Transaction ID: 1731986807
  • Current Sale Price: $3,465,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 1720029029
  • Previous Sale Recording Date: Jun 03, 2010
  • Previous Sale Contract Date: May 28, 2010
  • Previous Sale Amount: $4,000,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Jul 19, 2017
  • First Mortgage Loan Amount: $2,700,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2047

About North Side



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Frequently Asked Questions

What neighborhood is 2248 North Orchard Street located in?
The 2248 North Orchard Street is a located in the neighborhood of Lincoln Park in North Side, Chicago.
What is the average sales price for listings in 2248 North Orchard Street?
The average sales price for units in 2248 North Orchard Street is $0 currently.

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