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2509 West North Avenue

2509 West North Avenue, Chicago, IL 60647
Commercial in Humboldt Park
1 Units For Sale
Unit for sale at 2509 W North Avenue, Chicago, IL 60647

$749,000 ↓ $20K

  • Commercial
  • 3,221 ft²
2509 W North Avenue, Chicago, IL 60647 Listing by Philip Higgins

2509 West North Avenue has been categorized by the local assessors in Chicago, IL as a residential type of property. The building on the property was first built in 1937 and is 87 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2509 West North Avenue has 3,221 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,125 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a no garage for those who require parking. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of tar and gravel. The exterior walls of the building are made of masonry. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system. The property was last sold in Sep 30, 2021 for $640,000. That's $198.70 per sqft. Prior to that sales transaction, the property was also sold in Jan 12, 2011 for $300,000. 2509 West North Avenue was last assessed in 2023. The total value of the property was assessed at $45,001. Specifically, the land the property is located on was valued at $14,063. While improvements on the property were assessed at a total of $30,938. 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 $9,256. The initial tax year of delinquency was in 2021. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200304
03/04/2020
Loft
-
-
$789,900
bedrooms
Loft
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1937
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • 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: 4
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,125
  • Total Building Area: 3,221
  • Gross Building Area: 3,221
  • Building Area: 3,221
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 3,221
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WINSLOW JACOBSON & TALLMANS
  • Land Acres: 0.072
  • Standard Land Use Code: Misc Residential improvement
  • Legal Description 1: (WINSLOW) (JACOBSON) & (TALLMANS) SUB OF NE NE SEC 01-39-13

Ownership

  • Current Owner : BOATHOUSE BAR AND GRILL LLC
  • Previous Owner : 2509 W NORTH AVE LLC
  • Owner Before Previous Owner: NORTH STAR TRUST COMPANY
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 241100

Zoning

  • Zoning: B3-2

Geography

  • Assessors Map Reference: Nov 02, 2011
  • District: 77
  • Parcel: 16-01-205-008-0000
  • Block: 3
  • Lot: 4
  • Meridian: SEC 01 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.91
  • Longitude: -87.6901

    Address

  • Full Address: 2509 W North Ave
  • Address - House Number: 2509
  • Street Direction: W
  • Address - Street Name: North
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C022
  • 4-Digit Zip Code: 5201
  • Zip Code: 60647

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,256
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 77050

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $544,000
  • First Open Lien Mortgage Lender: HARVEST SMALL BUSINESS FINANCE
  • First Open Lien Mortgage Recording Date: Oct 22, 2021
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $544,000
  • First Open Lien Mortgage Term: 300
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: SBA Participation Trust Deed
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2046

    Market Valuation

  • Market Total Value: $450,010
  • Market Land Value: $140,630
  • Market Improvement Value: $309,380

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,001
  • Assessed Land Value: $14,063
  • Assessed Improvements Value: $30,938

    Sales

  • Current Sale Contract Date: Sep 30, 2021
  • Current Sale Recording Date: Oct 22, 2021
  • Current Sale Transaction ID: 11861635543
  • Current Sale Price: $640,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2129545132
  • Previous Sale Recording Date: Feb 10, 2011
  • Previous Sale Contract Date: Jan 12, 2011
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: HARVEST SMALL BUSINESS FINANCE
  • First Mortgage Transaction Date: Oct 22, 2021
  • First Mortgage Loan Amount: $544,000
  • First Mortgage Terms: 300
  • First Mortgage Loan Type: SBA Participation Trust Deed
  • First Mortgage Loan Due Date: Nov 01, 2046

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: GOLD COAST BANK
  • Previous Mortgage Transaction Date: Feb 10, 2011
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $218,625
  • Previous Mortgage Term: 131
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Feb 01, 2022

About Northwest Side



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Frequently Asked Questions

What neighborhood is 2509 West North Avenue located in?
The 2509 West North Avenue is a commercial located in the neighborhood of Humboldt Park in Northwest Side, Chicago.
How many listings are currently for sale in 2509 West North Avenue?
There is one unit for sale right now.
What is the average sales price for listings in 2509 West North Avenue?
The average sales price for units in 2509 West North Avenue is $639,900 , or $233/sqft. currently.

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