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2740 North Major Avenue

2740 North Major Avenue, Chicago, IL 60639
Sold Dec 11, 2020
$251,000
Sold Jan 31, 2006
$332,000
$265,600 by Resmae Mortgage Corp
Mortgage Due Jan 01, 2036
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Local assessors in Chicago, IL have categorized 2740 North Major Avenue as a residential type of property. The home was built in 1928 and is 96 years old. The property's lot size has been calculated to be 3,968 square feet. The linear feet between the front and back of the lot was measured at 320 ft and the front of the lot was measured at 1,240 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bungalow style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 2 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 is one full bathroom. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2740 North Major Avenue has a total of 1,056 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. 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 asphalt. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. 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, 2740 North Major Avenue sold most recently in Oct 31, 2020 for a total of $251,000. If you work out the math, that's approximately a cost of $237.69 per sqft. Before that, the property was also sold for $332,000 in Dec 23, 2005. 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 $4,528 in taxes each year. 2740 North Major Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $22,000. If we break it down further, the land itself was valued at $5,952. Improvements to the property, however, were assessed at a total of $16,048. 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. 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!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

Parking

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

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,968
  • Lot Size Depth Feet: 320
  • Lot Size Frontage Feet: 1,240
  • Total Building Area: 1,056
  • Gross Building Area: 1,056
  • Building Area: 1,056
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,056
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: DIVERSEY HIGHLANDS
  • Land Acres: 0.091
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (DIVERSEY)(HIGHLANDS) A SUB OF NH NH NE SE OF SEC29 N H NE SE SEC 29-40-13

Ownership

  • Current Owner : GARCIA ANDRES
  • Previous Owner : GARAY MANUEL
  • Previous Owner 2: RIVERA LILLIAN
  • Owner Before Previous Owner: CUSTODIO VICTOR
  • Owner Before Previous Owner 2: CUSTODIO NADINE
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 190602

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Mar 03, 2021
  • District: 71
  • Parcel: 13-29-405-027-0000
  • Block: 3
  • Lot: 19
  • Meridian: SEC 29 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9306
  • Longitude: -87.769

    Address

  • Full Address: 2740 N Major Ave
  • Address - House Number: 2740
  • Street Direction: N
  • Address - Street Name: Major
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C034
  • 4-Digit Zip Code: 1209
  • Zip Code: 60639

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,528
  • Tax Rate Code Area: 71033

    Appraisal Valuation

  • Standard Deviation: 0.2334
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 67
  • Final Value: 316,309
  • High Value: 390,147
  • Low Value: 242,472

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $59,520
  • Market Improvement Value: $160,480

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,000
  • Assessed Land Value: $5,952
  • Assessed Improvements Value: $16,048

    Sales

  • Current Sale Contract Date: Oct 31, 2020
  • Current Sale Recording Date: Dec 11, 2020
  • Current Sale Transaction ID: 11807695708
  • Current Sale Price: $251,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2034604041
  • Previous Sale Recording Date: Jan 31, 2006
  • Previous Sale Contract Date: Dec 23, 2005
  • Previous Sale Amount: $332,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: RESMAE MORTGAGE CORP
  • Previous Mortgage Transaction Date: Jan 31, 2006
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $265,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Jan 01, 2036

About Northwest Side



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Frequently Asked Questions

What neighborhood is 2740 North Major Avenue located in?
The 2740 North Major Avenue is a house located in the neighborhood of Belmont Central in Northwest Side, Chicago.
What is the average sales price for listings in 2740 North Major Avenue?
The average sales price for units in 2740 North Major Avenue is $0 currently.

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