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2951 Edison Avenue

2951 Edison Avenue, Blue Island, IL 60406
Multifamily in Blue Island
Sold Aug 04, 2020
$180,000
$165,750 by Associated Bank Na
Mortgage Due Jul 01, 2050
Sold Aug 22, 2005
$180,000
$144,000 by Banc Group Mortgage Corp
Mortgage Due Aug 01, 2025
2951 Edison Avenue in Blue Island, IL was first built in 1955 and is 69 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 bungalow style. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 2951 Edison Avenue has 1,161 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 4,340 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. 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, 2951 Edison Avenue sold most recently in Jun 12, 2020 for a total of $180,000. If you work out the math, that's approximately a cost of $155.04 per sqft. Before that, the property was also sold for $180,000 in Jul 28, 2005. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $6,925 in taxes each year. 2951 Edison Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $21,001. If we break it down further, the land itself was valued at $2,496. Improvements to the property, however, were assessed at a total of $18,505. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

Building Features

Exterior

Brick Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,340
  • Total Building Area: 1,161
  • Gross Building Area: 1,161
  • Building Area: 1,161
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,161
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WIRETON PARK
  • Land Acres: 0.1
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : CHAVEZ GERARDO
  • Previous Owner : GRAVES STEVEN S
  • Previous Owner 2: GRAVES SUSAN J
  • Owner Before Previous Owner: GIERMAN MICHAEL
  • Owner Before Previous Owner 2: GIERMAN LAUREN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Community High School District 218
  • Census Tract: 823400

Geography

  • District: 39
  • Parcel: 24-36-104-040-0000
  • Block: 22
  • Lot: 7,8
  • Meridian: SEC 36 TWN 37N RNG 13E
  • Municipality: WORTH
  • Latitude: 41.6613
  • Longitude: -87.6944

    Address

  • Full Address: 2951 Edison Ave
  • Address - House Number: 2951
  • Address - Street Name: Edison
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Blue Island
  • Carrier Code: C001
  • 4-Digit Zip Code: 3940
  • Zip Code: 60406

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,925
  • Tax Rate Code Area: 39044

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 230,625
  • High Value: 283,286
  • Low Value: 177,964

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $165,750
  • First Open Lien Mortgage Lender: ASSOCIATED BANK NA
  • First Open Lien Mortgage Recording Date: Aug 04, 2020
  • First Open Lien Mortgage Loan Amount: $165,750
  • 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: Jul 01, 2050

    Market Valuation

  • Market Total Value: $210,010
  • Market Land Value: $24,960
  • Market Improvement Value: $185,050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,001
  • Assessed Land Value: $2,496
  • Assessed Improvements Value: $18,505

    Sales

  • Current Sale Contract Date: Jun 12, 2020
  • Current Sale Recording Date: Aug 04, 2020
  • Current Sale Transaction ID: 11776681723
  • Current Sale Price: $180,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021739040
  • Previous Sale Recording Date: Aug 22, 2005
  • Previous Sale Contract Date: Jul 28, 2005
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ASSOCIATED BANK NA
  • First Mortgage Transaction Date: Aug 04, 2020
  • First Mortgage Loan Amount: $165,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: BANC GROUP MORTGAGE CORP
  • Previous Mortgage Transaction Date: Aug 22, 2005
  • Previous Mortgage Loan Amount: $144,000
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Aug 01, 2025

About Blue Island



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Nearby Rentals

Unit for rent at 2847 140th Street, Blue Island, IL, 60406

$1,750 /mo

  • 2 Beds
  • 1.5 Baths
  • 768 ft²
2847 140th Street, Blue Island, IL, 60406 Listing by Jerome Lanier

Frequently Asked Questions

What neighborhood is 2951 Edison Avenue located in?
The 2951 Edison Avenue is a multifamily located in the neighborhood of Blue Island in Blue Island, Blue Island.
What is the average sales price for listings in 2951 Edison Avenue?
The average sales price for units in 2951 Edison Avenue is $0 currently.

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