Check Availability

2841 South Lowe Avenue

2841 South Lowe Avenue, Chicago, IL 60616
Property in Bridgeport
Sold Nov 30, 1998
$360,000
$179,000 by Nab Bank
Mortgage
2841 South Lowe Avenue 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 1888 and is 136 years old. The building has a total of 3 stories. 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 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. 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, 2841 South Lowe Avenue was last sold in Oct 28, 1998 for $360,000. Current property owners are expected to pay $16,114 in taxes per year. The property on 2841 South Lowe Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $78,344. To break that down further, the land itself was valued at $6,250. While improvements to the property were assessed at a total of $72,094. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1888
  • Effective Year Built: 1888
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Unknown
  • Floor Count: 3
  • Living Units: 12
  • Business/Commerical Units Count: 39
  • 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: MARY G REYNOLDS SUB OF LTS 11-15 OF BL
  • Land Acres: 0.72
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : KWAN WING TAT
  • Current Owner 2: KWAN SIMIN
  • Previous Owner : COSMOPOLITAN BANK & TRUST

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 840100

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: 003-105-05
  • District: 76
  • Parcel: 17-28-315-003-0000
  • Lot: 3,4
  • Meridian: SEC 28 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8424
  • Longitude: -87.6412

    Address

  • Full Address: 2841 S Wallace St
  • Address - House Number: 2841
  • Street Direction: S
  • Address - Street Name: Wallace
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C020
  • 4-Digit Zip Code: 2566
  • Zip Code: 60616

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,114
  • Tax Rate Code Area: 76001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 645,308
  • High Value: 810,196
  • Low Value: 480,419

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $179,000
  • First Open Lien Mortgage Lender: NAB BANK
  • First Open Lien Mortgage Recording Date: Nov 30, 1998
  • First Open Lien Mortgage Loan Amount: $179,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $783,440
  • Market Land Value: $62,500
  • Market Improvement Value: $720,940

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $78,344
  • Assessed Land Value: $6,250
  • Assessed Improvements Value: $72,094

    Sales

  • Current Sale Contract Date: Oct 28, 1998
  • Current Sale Recording Date: Nov 30, 1998
  • Current Sale Transaction ID: 1094558536
  • Current Sale Price: $360,000
  • Current Sale Document Type: Joint Tenancy Deed
  • Current Sale Input Document Number: 08076426

About Southwest Side



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 1013 W 18th Place, Chicago, IL, 60608

$4,200 /mo

  • 4 Beds
  • 3 Baths
1013 W 18th Place #1F, Chicago, IL, 60608 Listing by Dennis Huyck
Unit for rent at 1201 S Prairie Avenue, Chicago, IL, 60605

$4,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,207 ft²
1201 S Prairie Avenue #3604, Chicago, IL, 60605 Listing by Neveen Michael
Unit for rent at 4359 S King Drive, Chicago, IL, 60653

$3,995 /mo

  • 5 Beds
  • 2 Baths
  • 2,600 ft²
4359 S King Drive #1, Chicago, IL, 60653 Listing by Alexander Pudinoff
Unit for rent at 1115 S Plymouth Court, Chicago, IL, 60605

$4,200 /mo

  • 3 Beds
  • 2 Baths
1115 S Plymouth Court #311, Chicago, IL, 60605 Listing by Germine Tawfik
Unit for rent at 1430 S Michigan Avenue, Chicago, IL, 60605

$3,950 /mo

  • 2 Beds
  • 2 Baths
1430 S Michigan Avenue #PH2, Chicago, IL, 60605 Listing by Kevin Binkley

Frequently Asked Questions

What neighborhood is 2841 South Lowe Avenue located in?
The 2841 South Lowe Avenue is a located in the neighborhood of Bridgeport in Southwest Side, Chicago.
What is the average sales price for listings in 2841 South Lowe Avenue?
The average sales price for units in 2841 South Lowe Avenue is $0 currently.

Quantcast