Check Availability

2938 South Parnell Avenue

2938 South Parnell Avenue, Chicago, IL 60616
Property in Bridgeport
Sold Aug 07, 2012
$305,000
$150,000 by Lakeside Bank
Mortgage Due Aug 01, 2027
2938 South Parnell 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 1885 and is 139 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2938 South Parnell Avenue has 1,848 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. 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 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 asphalt. 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. 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, 2938 South Parnell Avenue was last sold in Jul 6, 2012 for $305,000. According to our calculations, that's $165.04 per sqft. Current property owners are expected to pay $6,993 in taxes per year. The property on 2938 South Parnell Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $34,000. To break that down further, the land itself was valued at $13,750. While improvements to the property were assessed at a total of $20,250. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1885
  • Effective Year Built: 1885
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,125
  • Total Building Area: 1,848
  • Gross Building Area: 1,848
  • Building Area: 1,848
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 1,848
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DAVID DAVIS SOUTH ADD
  • Land Acres: 0.072
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : CHENG MARIELA
  • Previous Owner : BONGIOVANNI JOSEPH
  • Previous Owner 2: BONGIOVANNI VINCENT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: 003-106-04
  • District: 76
  • Parcel: 17-28-322-037-0000
  • Block: 1
  • Lot: 33
  • Meridian: SEC 28 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8406
  • Longitude: -87.6406

    Address

  • Full Address: 2938 S Parnell Ave
  • Address - House Number: 2938
  • Street Direction: S
  • Address - Street Name: Parnell
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C001
  • 4-Digit Zip Code: 3128
  • Zip Code: 60616

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,993
  • Tax Rate Code Area: 76008

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 427,409
  • High Value: 536,620
  • Low Value: 318,197

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $150,000
  • First Open Lien Mortgage Lender: LAKESIDE BANK
  • First Open Lien Mortgage Recording Date: Aug 07, 2012
  • First Open Lien Mortgage Loan Amount: $150,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2027

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $137,500
  • Market Improvement Value: $202,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $13,750
  • Assessed Improvements Value: $20,250

    Sales

  • Current Sale Contract Date: Jul 06, 2012
  • Current Sale Recording Date: Aug 07, 2012
  • Current Sale Transaction ID: 1133365991
  • Current Sale Price: $305,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1222026076

    Last Sale Mortgage

  • First Mortgage Lender: LAKESIDE BANK
  • First Mortgage Transaction Date: Aug 07, 2012
  • First Mortgage Loan Amount: $150,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Aug 01, 2027

About Southwest Side



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 1000 W 15th Street, Chicago, IL, 60608

$2,700 /mo

  • 2 Beds
  • 2 Baths
  • 1,050 ft²
1000 W 15th Street #140, Chicago, IL, 60608 Listing by Cory Tanzer
Unit for rent at 100 E 14th Street, Chicago, IL, 60605

$3,600 /mo

  • 2 Beds
  • 2 Baths
  • 1,348 ft²
100 E 14th Street #2504, Chicago, IL, 60605 Listing by Joel Holland
Unit for rent at 1430 S Michigan Avenue, Chicago, IL, 60605

$2,150 /mo

  • 1 Bed
  • 1 Bath
1430 S Michigan Avenue #401, Chicago, IL, 60605 Listing by Quentin Green III
Unit for rent at 811 W 15th Place, Chicago, IL, 60608

$1,950 /mo

  • 1 Bed
  • 1 Bath
811 W 15th Place #414, Chicago, IL, 60608 Listing by Tania Mihaylova
Unit for rent at 1210 S Indiana Avenue, Chicago, IL, 60605

$7,295 /mo

  • 3 Beds
  • 3 Baths
  • 1,565 ft²
1210 S Indiana Avenue #PH7400, Chicago, IL, 60605 Listing by Whitney Wang
Unit for rent at 702 W 15th Street, Chicago, IL, 60607

$4,000 /mo

  • 3 Beds
  • 3.5 Baths
  • 2,320 ft²
702 W 15th Street, Chicago, IL, 60607 Listing by Cory Tanzer
Unit for rent at 601 E 32nd Street, Chicago, IL, 60616

$1,250 /mo

  • Studio
  • 1 Bath
601 E 32nd Street #203, Chicago, IL, 60616 Listing by Muriel Carter

Frequently Asked Questions

What neighborhood is 2938 South Parnell Avenue located in?
The 2938 South Parnell Avenue is a located in the neighborhood of Bridgeport in Southwest Side, Chicago.
What is the average sales price for listings in 2938 South Parnell Avenue?
The average sales price for units in 2938 South Parnell Avenue is $0 currently.

Quantcast