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2546 West 51st Street

2546 West 51st Street, Chicago, IL 60632
House in Gage Park
Sold Oct 19, 2020
$105,000
$99,750 by Wintrust Mortgage
Mortgage Due Sep 01, 2050
Sold Dec 08, 1993
$45,000
$45,732 by Margaretten Coc
Mortgage Due Dec 01, 2023
2546 West 51st Street 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 1914 and is 110 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2546 West 51st Street has 1,886 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,250 ft and across the front of the lot is 250 ft. 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 unknown.

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 detached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. 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 frame 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 asphalt. The exterior walls of the building are made of wood. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. 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, 2546 West 51st Street was last sold in Aug 26, 2020 for $105,000. According to our calculations, that's $55.67 per sqft. Prior to that sales transaction, the property was sold for $45,000 in Dec 1, 1993. Current property owners are expected to pay $2,689 in taxes per year. The property on 2546 West 51st Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $13,000. To break that down further, the land itself was valued at $2,656. While improvements to the property were assessed at a total of $10,344. 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. 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!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.

Building Features

Exterior

Vinyl Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1914
  • Effective Year Built: 1914
  • 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
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,125
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,886
  • Gross Building Area: 1,886
  • Building Area: 1,886
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,886
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GILLETTS SUB
  • Land Acres: 0.072
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (GILLETTS) SUB OF SH OF SW SE NE SEC 12-38-13

Ownership

  • Current Owner : CONTRERAS ALFREDO MARTINEZ
  • Current Owner 2: LARA YESENIA CANELO
  • Previous Owner : FOGU SALVATORE
  • Previous Owner 2: STEWART FOGU DEBORAH
  • Owner Before Previous Owner: MACAK DONALD F
  • Owner Before Previous Owner 2: MACAK LAURIE M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 630600

Zoning

  • Zoning: B3-1

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 19-12-221-040-0000
  • Lot: 35
  • Meridian: SEC 12 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.8015
  • Longitude: -87.6885

    Address

  • Full Address: 2546 W 51st St
  • Address - House Number: 2546
  • Street Direction: W
  • Address - Street Name: 51st
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C015
  • 4-Digit Zip Code: 1550
  • Zip Code: 60632

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,689
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.2613
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 206,592
  • High Value: 260,595
  • Low Value: 152,589

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $99,750
  • First Open Lien Mortgage Lender: WINTRUST MORTGAGE
  • First Open Lien Mortgage Recording Date: Oct 19, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $99,750
  • 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, 2050

    Market Valuation

  • Market Total Value: $130,000
  • Market Land Value: $26,560
  • Market Improvement Value: $103,440

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,000
  • Assessed Land Value: $2,656
  • Assessed Improvements Value: $10,344

    Sales

  • Current Sale Contract Date: Aug 26, 2020
  • Current Sale Recording Date: Oct 19, 2020
  • Current Sale Transaction ID: 11792860276
  • Current Sale Price: $105,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2029120351
  • Previous Sale Recording Date: Dec 08, 1993
  • Previous Sale Contract Date: Dec 01, 1993
  • Previous Sale Amount: $45,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WINTRUST MORTGAGE
  • First Mortgage Transaction Date: Oct 19, 2020
  • First Mortgage Loan Amount: $99,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: MARGARETTEN COC
  • Previous Mortgage Transaction Date: Dec 08, 1993
  • Previous Mortgage Loan Amount: $45,732
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Dec 01, 2023

About Southwest Side



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Frequently Asked Questions

What neighborhood is 2546 West 51st Street located in?
The 2546 West 51st Street is a house located in the neighborhood of Gage Park in Southwest Side, Chicago.
What is the average sales price for listings in 2546 West 51st Street?
The average sales price for units in 2546 West 51st Street is $125,000 , or $66/sqft. currently.

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