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2904 South Archer Avenue

2904 South Archer Avenue, Chicago, IL 60608
Property in Bridgeport
Sold Oct 26, 2021
$1,600,000
Buyer
Seller
$1,120,000 by Member First Mortgage Llc
Mortgage Due Oct 01, 2051
Sold Sep 11, 2017
$234,000
Local assessors in Chicago, IL have categorized 2904 South Archer Avenue as a residential type of property. The home was built in 2019 and is 5 years old. The property's lot size has been calculated to be 3,984 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 24 rooms in the home. Of these, 10 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 are 6 full bathrooms. There are also 7 partial bathrooms. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2904 South Archer Avenue has a total of 13,340 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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. There are 4 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 materials that we aren't sure of. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Sep 30, 2021 for $1,600,000. That's $119.94 per sqft. Prior to that sales transaction, the property was also sold in Sep 7, 2017 for $234,000. 2904 South Archer Avenue was last assessed in 2023. The total value of the property was assessed at $80,000. Specifically, the land the property is located on was valued at $15,936. While improvements on the property were assessed at a total of $64,064. 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 $16,455. The initial tax year of delinquency was in 2021. 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! 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 24
  • Bedroom Count: 10
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Other
  • Floor Count: 3
  • Living Units: 6
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 3,984
  • Total Building Area: 13,340
  • Gross Building Area: 13,340
  • Building Area: 13,340
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 13,340
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JAMES MAHERS
  • Land Acres: 0.092
  • Standard Land Use Code: Misc Residential improvement

Ownership

  • Current Owner : KIM NAMHEE
  • Previous Owner : TREIC LLC
  • Owner Before Previous Owner: CHICAGO TITLE LAND TRUST CO

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 600700

Zoning

  • Zoning: B1-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 76
  • Parcel: 17-29-311-028-0000
  • Lot: 2
  • Meridian: SEC 29 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8418
  • Longitude: -87.6583

    Address

  • Full Address: 2904 S Archer Ave
  • Address - House Number: 2904
  • Street Direction: S
  • Address - Street Name: Archer
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C046
  • 4-Digit Zip Code: 5521
  • Zip Code: 60608

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,455
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 76062

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,120,000
  • First Open Lien Mortgage Lender: MEMBER FIRST MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Oct 26, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,120,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $800,000
  • Market Land Value: $159,360
  • Market Improvement Value: $640,640

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,000
  • Assessed Land Value: $15,936
  • Assessed Improvements Value: $64,064

    Sales

  • Current Sale Contract Date: Sep 30, 2021
  • Current Sale Recording Date: Oct 26, 2021
  • Current Sale Transaction ID: 11861617298
  • Current Sale Price: $1,600,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2129925254
  • Previous Sale Recording Date: Sep 11, 2017
  • Previous Sale Contract Date: Sep 07, 2017
  • Previous Sale Amount: $234,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MEMBER FIRST MORTGAGE LLC
  • First Mortgage Transaction Date: Oct 26, 2021
  • First Mortgage Loan Amount: $1,120,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Southwest Side



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Frequently Asked Questions

What neighborhood is 2904 South Archer Avenue located in?
The 2904 South Archer Avenue is a located in the neighborhood of Bridgeport in Southwest Side, Chicago.
What is the average sales price for listings in 2904 South Archer Avenue?
The average sales price for units in 2904 South Archer Avenue is $0 currently.

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