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2547 West 59th Street

2547 West 59th Street, Chicago, IL 60629
Commercial in Chicago Lawn
Sold Dec 13, 2021
$85,000
Sold May 19, 2006
$185,000
$148,000 by Washington Federal Bank For Sa
Mortgage
2547 West 59th 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 multifamily style. There are a total of 2 floors. There are a total of 5 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 2547 West 59th Street has 2,450 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 250 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 3,125 square feet.

Learn more about the property and building on this page. The roof of the home is made of tar and gravel. 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 masonry 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 air conditioning. As for heating, the home is utilizing a hot water heating system. 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, 2547 West 59th Street sold most recently in Apr 14, 2020 for a total of $85,000. If you work out the math, that's approximately a cost of $34.69 per sqft. Before that, the property was also sold for $185,000 in Apr 20, 2006. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $2,623 in taxes each year. The initial year of tax delinquency occurred in 2021. 2547 West 59th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $12,000. If we break it down further, the land itself was valued at $2,500. Improvements to the property, however, were assessed at a total of $9,500. 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.

Building Features

Exterior

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

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 3
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,125
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 2,450
  • Gross Building Area: 2,450
  • Building Area: 2,450
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,450
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COBE & MCKINNONS 59TH ST & WESTERN
  • Land Acres: 0.072
  • Standard Land Use Code: Misc Residential improvement
  • Legal Description 1: (COBE) & (MCKINNONS) (59TH) ST & (WESTERN) AVE SUB OF SE NE & NE SE SEC 13-38-13

Ownership

  • Current Owner : NEVAREZ LEOBARDO
  • Current Owner 2: INIGUEZ ALEJANDRO
  • Previous Owner : ALBANY BANK & TRUST COMPANY NA
  • Owner Before Previous Owner: CHICAGO TITLE LAND TRUST CO
  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 835000

Zoning

  • Zoning: B3-1

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 19-13-404-005-0000
  • Block: 12
  • Lot: 6
  • Meridian: SEC 13 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.7862
  • Longitude: -87.6882

    Address

  • Full Address: 2547 W 59th St
  • Address - House Number: 2547
  • Street Direction: W
  • Address - Street Name: 59th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C009
  • 4-Digit Zip Code: 1137
  • Zip Code: 60629

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,623
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 72175

    Market Valuation

  • Market Total Value: $120,000
  • Market Land Value: $25,000
  • Market Improvement Value: $95,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,000
  • Assessed Land Value: $2,500
  • Assessed Improvements Value: $9,500

    Sales

  • Current Sale Contract Date: Apr 14, 2020
  • Current Sale Recording Date: Dec 13, 2021
  • Current Sale Transaction ID: 11874119364
  • Current Sale Price: $85,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2134733454
  • Previous Sale Recording Date: May 19, 2006
  • Previous Sale Contract Date: Apr 20, 2006
  • Previous Sale Amount: $185,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON FEDERAL BANK FOR SA
  • Previous Mortgage Transaction Date: May 19, 2006
  • Previous Mortgage Loan Amount: $148,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 2547 West 59th Street located in?
The 2547 West 59th Street is a commercial located in the neighborhood of Chicago Lawn in South Side, Chicago.
What is the average sales price for listings in 2547 West 59th Street?
The average sales price for units in 2547 West 59th Street is $0 currently.

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