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2747 West 55th Street

2747 West 55th Street, Chicago, IL 60632
Commercial in Gage Park
2747 West 55th 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 1930 and is 94 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2747 West 55th Street has 3,789 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 300 ft. The area measurement of the land has been determined as 3,750 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 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 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 Feb 15, 2022 for $325,000. That's $85.77 per sqft. Prior to that sales transaction, the property was also sold in Oct 7, 1993 for $39,333. 2747 West 55th Street was last assessed in 2023. The total value of the property was assessed at $13,721. Specifically, the land the property is located on was valued at $3,188. While improvements on the property were assessed at a total of $10,533. 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 $2,118. The initial tax year of delinquency was in 2021. 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. 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
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210407
04/07/2021
Loft
-
3789 ft²
$430,000
bedrooms
Loft
bathrooms
-
square feet
3789 ft²
-
-
-
Alberto Gonzalez
Exit Strategy Realty

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • 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: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,750
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 300
  • Total Building Area: 3,789
  • Gross Building Area: 3,789
  • Building Area: 3,789
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 3,789
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EQUITABLE LAND ASSOCIATION WEST 55TH
  • Land Acres: 0.086
  • Standard Land Use Code: Misc Residential improvement
  • Legal Description 1: (EQUITABLE) (LAND) ASSOCIATION WEST (55TH) STREET ADD SUB OF W1/8TH OF NH NE SEC 13-38-13

Ownership

  • Current Owner : ERICK 18 INC
  • Previous Owner : CASTRO JOSE ROGELIO
  • Previous Owner 2: CASTRO MARIA G
  • Owner Before Previous Owner: ROGAL SHARON
  • Owner Before Previous Owner 2: MCKEE KENNETH
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 835100

Zoning

  • Zoning: B3-1

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 19-13-200-005-0000
  • Block: 1
  • Lot: 5
  • Meridian: SEC 13 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.7934
  • Longitude: -87.6932

    Address

  • Full Address: 2747 W 55th St
  • Address - House Number: 2747
  • Street Direction: W
  • Address - Street Name: 55th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C012
  • 4-Digit Zip Code: 2251
  • Zip Code: 60632

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,118
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 72001

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $297,000
  • First Open Lien Mortgage Lender: ENTERPRISE BANK & TRUST
  • First Open Lien Mortgage Recording Date: Jun 30, 2022
  • First Open Lien Mortgage Loan Amount: $297,000
  • First Open Lien Mortgage Term: 299
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 22, 2047

    Market Valuation

  • Market Total Value: $137,210
  • Market Land Value: $31,880
  • Market Improvement Value: $105,330

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,721
  • Assessed Land Value: $3,188
  • Assessed Improvements Value: $10,533

    Sales

  • Current Sale Contract Date: Feb 15, 2022
  • Current Sale Recording Date: Jun 30, 2022
  • Current Sale Transaction ID: 11905366819
  • Current Sale Price: $325,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21317
  • Previous Sale Recording Date: Oct 21, 1993
  • Previous Sale Contract Date: Oct 07, 1993
  • Previous Sale Amount: $39,333
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ENTERPRISE BANK & TRUST
  • First Mortgage Transaction Date: Jun 30, 2022
  • First Mortgage Loan Amount: $297,000
  • First Mortgage Terms: 299
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 22, 2047

    Previous Mortgages

  • Previous Mortgage Lender: COLE TAYLOR BANK
  • Previous Mortgage Transaction Date: Oct 21, 1993
  • Previous Mortgage Loan Amount: $84,000
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Nov 01, 1998

About Southwest Side



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Frequently Asked Questions

What neighborhood is 2747 West 55th Street located in?
The 2747 West 55th Street is a commercial located in the neighborhood of Gage Park in Southwest Side, Chicago.
What is the average sales price for listings in 2747 West 55th Street?
The average sales price for units in 2747 West 55th Street is $0 currently.

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