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2441 North Talman Avenue

2441 North Talman Avenue, Chicago, IL 60647
Property in Logan Square
Sold May 11, 2018
$675,000
$472,500 by First Eagle Bank
Mortgage Due Apr 30, 2025
Sold Jun 09, 2005
$559,000
$447,200 by Aegis Wholesale Corp
Mortgage Due Jun 01, 2035
Local assessors in Chicago, IL have categorized 2441 North Talman Avenue as a residential type of property. The home was built in 1900 and is 124 years old. The property's lot size has been calculated to be 3,150 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 250 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 12 rooms in the home. Of these, 5 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 5 full bathrooms. There are also 5 partial bathrooms. This is a 2 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 2441 North Talman Avenue has a total of 1,970 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 detached 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 central air conditioning for their cooling system. The home's a hot water heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2441 North Talman Avenue was last sold in Apr 25, 2018 for $675,000. According to our calculations, that's $342.64 per sqft. Prior to that sales transaction, the property was sold for $559,000 in May 13, 2005. Current property owners are expected to pay $12,171 in taxes per year. The property on 2441 North Talman Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $58,972. To break that down further, the land itself was valued at $15,750. While improvements to the property were assessed at a total of $43,222. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • 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: 2
  • Living Units: 5
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,150
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,970
  • Gross Building Area: 1,970
  • Building Area: 1,970
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 1,970
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: FARLINS SUB
  • Land Acres: 0.072
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: HARRIET (FARLINS) SUB **BLKS13-14 ONLY** OF EH EH SW SE SEC 25-40-13

Ownership

  • Current Owner : 2441 TALMAN PARTNERSHIP LLC
  • Previous Owner : FLOOD GROUP LLC
  • Owner Before Previous Owner: SAAVEDRA JOSE LUIS
  • Owner Before Previous Owner 2: SAAVEDRA MARIA
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 220300

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 13-25-427-006-0000
  • Block: 13
  • Lot: 22
  • Meridian: SEC 25 TWN 40N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.9261
  • Longitude: -87.6933

    Address

  • Full Address: 2441 N Talman Ave
  • Address - House Number: 2441
  • Street Direction: N
  • Address - Street Name: Talman
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C019
  • 4-Digit Zip Code: 0607
  • Zip Code: 60647

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,171
  • Tax Rate Code Area: 77135

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 550,117
  • High Value: 690,682
  • Low Value: 409,551

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $472,500
  • First Open Lien Mortgage Lender: FIRST EAGLE BANK
  • First Open Lien Mortgage Recording Date: May 11, 2018
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $472,500
  • First Open Lien Mortgage Term: 82
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Apr 30, 2025

    Market Valuation

  • Market Total Value: $589,720
  • Market Land Value: $157,500
  • Market Improvement Value: $432,220

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $58,972
  • Assessed Land Value: $15,750
  • Assessed Improvements Value: $43,222

    Sales

  • Current Sale Contract Date: Apr 25, 2018
  • Current Sale Recording Date: May 11, 2018
  • Current Sale Transaction ID: 11461941220
  • Current Sale Price: $675,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1813155018
  • Previous Sale Recording Date: Jun 09, 2005
  • Previous Sale Contract Date: May 13, 2005
  • Previous Sale Amount: $559,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST EAGLE BANK
  • First Mortgage Transaction Date: May 11, 2018
  • First Mortgage Loan Amount: $472,500
  • First Mortgage Terms: 82
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Apr 30, 2025

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: AEGIS WHOLESALE CORP
  • Previous Mortgage Transaction Date: Jun 09, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $447,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jun 01, 2035

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Frequently Asked Questions

What neighborhood is 2441 North Talman Avenue located in?
The 2441 North Talman Avenue is a located in the neighborhood of Logan Square in Northwest Side, Chicago.
What is the average sales price for listings in 2441 North Talman Avenue?
The average sales price for units in 2441 North Talman Avenue is $0 currently.

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