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2348 North Lakewood Avenue

2348 North Lakewood Avenue, Chicago, IL 60614
Property in Sheffield
Refi Oct 12, 2021
Transfer
$100,000 by Jpmorgan Chase Bank Na
Mortgage Due Nov 01, 2031
2348 North Lakewood Avenue in Chicago, IL was first built in 1985 and is 39 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 condo style. There are a total of 3 floors. In total, the area measurement of the land is 39,212 square feet.

Learn more about the property and building on this page. 2348 North Lakewood Avenue was last assessed in 2023. The total value of the property was assessed at $53,000. Specifically, the land the property is located on was valued at $15,868. While improvements on the property were assessed at a total of $37,132. 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 $10,197. 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. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Condo
  • Floor Count: 3
  • Living Units: 30
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 39,212
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAKEWOOD COMMONS CONDOMINIUM
  • Land Acres: 0.9
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: PART LOTS3 31-49 SHEFFIELDS ADD TO CHICAGO NE4 S32 T40N R14E 3P

Ownership

  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 832500

Zoning

  • Zoning: RM-5,M1-2

Geography

  • Assessors Map Reference: 1-02N-153-03
  • District: 74
  • Parcel: 14-32-105-016-1025
  • Block: 3
  • Lot: 3
  • Meridian: SEC 32 TWN 40N RNG 14E
  • Municipality: NORTH CHICAGO
  • Latitude: 41.9243
  • Longitude: -87.6611

    Address

  • Full Address: 2348 N Lakewood Ave
  • Address - House Number: 2348
  • Street Direction: N
  • Address - Street Name: Lakewood
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C062
  • 4-Digit Zip Code: 6210
  • Zip Code: 60614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,197
  • Tax Rate Code Area: 74026

    Appraisal Valuation

  • Standard Deviation: 0.179
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 657,078
  • High Value: 774,748
  • Low Value: 539,407

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $100,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Oct 12, 2021
  • First Open Lien Mortgage Loan Amount: $100,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2031

    Market Valuation

  • Market Total Value: $530,000
  • Market Land Value: $158,680
  • Market Improvement Value: $371,320

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $53,000
  • Assessed Land Value: $15,868
  • Assessed Improvements Value: $37,132

About North Side



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Frequently Asked Questions

What neighborhood is 2348 North Lakewood Avenue located in?
The 2348 North Lakewood Avenue is a located in the neighborhood of Sheffield in North Side, Chicago.
What is the average sales price for listings in 2348 North Lakewood Avenue?
The average sales price for units in 2348 North Lakewood Avenue is $0 currently.

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