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2841 North Damen Avenue

2841 North Damen Avenue, Chicago, IL 60618
Property in Roscoe Village
Sold Oct 13, 2021
$14,800,000
$10,000,000 by Jpmorgan Chase Bank Na
Mortgage
Sold Sep 18, 2017
$3,200,000
$2,114,000 by First Eagle Bank
Mortgage Due Aug 31, 2018
2841 North Damen Avenue in Chicago, IL was first built in 1981 and is 43 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 unknown style. In total, the area measurement of the land is 3,125 square feet.

Learn more about the property and building on this page. 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, 2841 North Damen Avenue sold most recently in Sep 17, 2021 for a total of $14,800,000. Before that, the property was also sold for $3,200,000 in Aug 31, 2017. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $20,750 in taxes each year. 2841 North Damen Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $100,887. If we break it down further, the land itself was valued at $15,625. Improvements to the property, however, were assessed at a total of $85,262. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Unknown
  • Living Units: 11
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,125
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WECKLERS SUB
  • Land Acres: 0.72
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: CATHERINE (WECKLERS) SUB OF SH OUTLT13 LYING NE OF CL YBOURN AVE, IN SUPERIOR COURT PARTN OF SNOW ESTATE SUB OF SEC 30-40-14

Ownership

  • Current Owner : 2827 N CLYBOURN LLC
  • Previous Owner : 2829 CLYBOURN LLC
  • Owner Before Previous Owner: CHICAGO TITLE LAND TRUST CO
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 051400

Zoning

  • Zoning: B3-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 73
  • Parcel: 14-30-122-029-0000
  • Lot: 25
  • Meridian: SEC 30 TWN 40N RNG 14E
  • Municipality: LAKE VIEW
  • Latitude: 41.9334
  • Longitude: -87.6792

    Address

  • Full Address: 2841 N Clybourn Ave
  • Address - House Number: 2841
  • Street Direction: N
  • Address - Street Name: Clybourn
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C022
  • 4-Digit Zip Code: 8471
  • Zip Code: 60618

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $20,750
  • Tax Rate Code Area: 73001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 756,080
  • High Value: 949,273
  • Low Value: 562,886

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $10,000,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Oct 13, 2021
  • First Open Lien Mortgage Loan Amount: $10,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $1,008,870
  • Market Land Value: $156,250
  • Market Improvement Value: $852,620

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $100,887
  • Assessed Land Value: $15,625
  • Assessed Improvements Value: $85,262

    Sales

  • Current Sale Contract Date: Sep 17, 2021
  • Current Sale Recording Date: Oct 13, 2021
  • Current Sale Transaction ID: 11859877785
  • Current Sale Price: $14,800,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2128625016
  • Previous Sale Recording Date: Sep 18, 2017
  • Previous Sale Contract Date: Aug 31, 2017
  • Previous Sale Amount: $3,200,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Oct 13, 2021
  • First Mortgage Loan Amount: $10,000,000
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: FIRST EAGLE BANK
  • Previous Mortgage Transaction Date: Sep 18, 2017
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $2,114,000
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Aug 31, 2018

About North Side



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 2959 N Damen Avenue, Chicago, IL, 60657

$995 /mo

  • Studio
  • 1 Bath
  • 300 ft²
2959 N Damen Avenue #1G, Chicago, IL, 60657 Listing by Kevin Nester

Frequently Asked Questions

What neighborhood is 2841 North Damen Avenue located in?
The 2841 North Damen Avenue is a located in the neighborhood of Roscoe Village in North Side, Chicago.
What is the average sales price for listings in 2841 North Damen Avenue?
The average sales price for units in 2841 North Damen Avenue is $0 currently.

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