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2541 North Wayne Avenue

2541 North Wayne Avenue, Chicago, IL 60614
Property in Wrightwood
2541 North Wayne Avenue in Chicago, IL was first built in 1880 and is 144 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 multifamily style. There are a total of 2 floors. There are a total of 20 rooms in the home, of which, 10 are bedrooms. In terms of bathrooms, there are a total of 5 full bathrooms. There are 5 partial bathrooms. 2541 North Wayne Avenue has 4,343 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. In total, the area measurement of the land is 3,100 square feet.

Learn more about the property and building on this page. The roof of the home is made of materials that we aren't sure of. For those who need parking, there is a no garage. 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 wood. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system. The property was last sold in Aug 3, 2022 for $975,000. That's $224.50 per sqft. 2541 North Wayne Avenue was last assessed in 2023. The total value of the property was assessed at $92,000. Specifically, the land the property is located on was valued at $46,500. While improvements on the property were assessed at a total of $45,500. 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 $18,923. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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.

Building Features

Exterior

Brick Exterior
Stone Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20221114 Unit 1N
11/14/2022
1N
4 Bed
3.5 Bath
-
$1,250,000
bedrooms
4 Bed
bathrooms
3.5 Bath
-
-
-
Jeffrey Lowe
Compass

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 20
  • Bedroom Count: 10
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Wood
  • Roof Cover Type: Other
  • Floor Count: 2
  • Living Units: 5
  • Business/Commerical Units Count: 27
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,100
  • Total Building Area: 4,343
  • Gross Building Area: 4,343
  • Building Area: 4,343
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 4,343
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MOULDING & HAIRLANDS
  • Land Acres: 0.071
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (MOULDING) & (HAIRLANDS) SUB OF LTS1-3 OF ASSESSORS D IVN OF OUTLOT 42 OF SHEFFIELDS ADD TO CHICAGO IN SEC 29-40-14

Ownership

  • Current Owner : 2541 N SOUTHPORT LLC
  • Previous Owner : CHICAGO TITLE LAND TRUST COMPANY
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 070600

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jun 01, 2009
  • District: 73
  • Parcel: 14-29-314-016-0000
  • Block: 2
  • Lot: 1-3
  • Meridian: SEC 29 TWN 40N RNG 14E
  • Municipality: LAKE VIEW
  • Latitude: 41.9283
  • Longitude: -87.6629

    Address

  • Full Address: 2541 N Southport Ave
  • Address - House Number: 2541
  • Street Direction: N
  • Address - Street Name: Southport
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C052
  • 4-Digit Zip Code: 7169
  • Zip Code: 60614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $18,923
  • Tax Rate Code Area: 73001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 712,411
  • High Value: 894,445
  • Low Value: 530,376

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,390,000
  • First Open Lien Mortgage Lender: SCHAUMBURG BK&TR COMPANY, N.A.
  • First Open Lien Mortgage Recording Date: Dec 15, 2023
  • First Open Lien Mortgage Loan Amount: $1,390,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $920,000
  • Market Land Value: $465,000
  • Market Improvement Value: $455,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $92,000
  • Assessed Land Value: $46,500
  • Assessed Improvements Value: $45,500

    Sales

  • Current Sale Contract Date: Aug 03, 2022
  • Current Sale Recording Date: Aug 25, 2022
  • Current Sale Transaction ID: 11905304765
  • Current Sale Price: $975,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 20260

    Last Sale Mortgage

  • First Mortgage Lender: RFLF 1 LLC
  • First Mortgage Transaction Date: Aug 25, 2022
  • First Mortgage Loan Amount: $1,382,000
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Sep 01, 2023

About North Side



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Frequently Asked Questions

What neighborhood is 2541 North Wayne Avenue located in?
The 2541 North Wayne Avenue is a located in the neighborhood of Wrightwood in North Side, Chicago.
What is the average sales price for listings in 2541 North Wayne Avenue?
The average sales price for units in 2541 North Wayne Avenue is $0 currently.

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