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2424 West Grace Street

2424 West Grace Street, Chicago, IL 60618
Property in Horner Park
Sold Aug 17, 2016
$1,200,000
$960,000 by Jpmorgan Chase Bank Na
Mortgage Due Sep 01, 2046
Sold Feb 09, 2016
$375,000
$300,116 by Julie Faulkner
Mortgage
2424 West Grace Street in Chicago, IL was first built in 1926 and is 98 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 bungalow style. There are a total of 2 floors. There are a total of 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 2424 West Grace Street has 2,408 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 300 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 4,125 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. 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 frame 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, 2424 West Grace Street sold most recently in Jul 25, 2016 for a total of $1,200,000. If you work out the math, that's approximately a cost of $498.34 per sqft. Before that, the property was also sold for $375,000 in Feb 4, 2016. 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 $18,891 in taxes each year. 2424 West Grace Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $98,000. If we break it down further, the land itself was valued at $20,625. Improvements to the property, however, were assessed at a total of $77,375. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1926
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,125
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 300
  • Total Building Area: 2,408
  • Gross Building Area: 2,408
  • Building Area: 2,408
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,408
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: PARK SUB
  • Land Acres: 0.095
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (RIVER) PARK SUB OF BLK10 IN KINZIES SUB OF THE NE SEC 24-40-13

Ownership

  • Current Owner : LEE DANIEL
  • Current Owner 2: HART MICHELLE
  • Previous Owner : WATERMARK EQUITY GROUP LLP
  • Owner Before Previous Owner: WATERS DANIEL V
  • Owner Before Previous Owner 2: WATERS GERALD M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 843700

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-24-205-024-0000
  • Block: 10
  • Lot: 33
  • Meridian: SEC 24 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9506
  • Longitude: -87.6895

    Address

  • Full Address: 2424 W Grace St
  • Address - House Number: 2424
  • Street Direction: W
  • Address - Street Name: Grace
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C013
  • 4-Digit Zip Code: 4719
  • Zip Code: 60618

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $18,891
  • Tax Rate Code Area: 71001

    Appraisal Valuation

  • Standard Deviation: 0.231
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 1,319,116
  • High Value: 1,623,858
  • Low Value: 1,014,374

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $960,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Aug 17, 2016
  • First Open Lien Mortgage Loan Amount: $960,000
  • 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: Sep 01, 2046

    Market Valuation

  • Market Total Value: $980,000
  • Market Land Value: $206,250
  • Market Improvement Value: $773,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $98,000
  • Assessed Land Value: $20,625
  • Assessed Improvements Value: $77,375

    Sales

  • Current Sale Contract Date: Jul 25, 2016
  • Current Sale Recording Date: Aug 17, 2016
  • Current Sale Transaction ID: 1728938284
  • Current Sale Price: $1,200,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1623062056
  • Previous Sale Recording Date: Feb 09, 2016
  • Previous Sale Contract Date: Feb 04, 2016
  • Previous Sale Amount: $375,000
  • Previous Sale Document Type: Administrator's Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Aug 17, 2016
  • First Mortgage Loan Amount: $960,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: JULIE FAULKNER
  • Previous Mortgage Transaction Date: Feb 09, 2016
  • Previous Mortgage Loan Amount: $300,116
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)

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Frequently Asked Questions

What neighborhood is 2424 West Grace Street located in?
The 2424 West Grace Street is a located in the neighborhood of Horner Park in North Side, Chicago.
What is the average sales price for listings in 2424 West Grace Street?
The average sales price for units in 2424 West Grace Street is $0 currently.

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