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3037 South Loomis Street

3037 South Loomis Street, Chicago, IL 60608
Commercial in Bridgeport
3037 South Loomis Street in Chicago, IL was first built in 1910 and is 114 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 multifamily style. There are a total of 3 floors. There are a total of 24 rooms in the home, of which, 11 are bedrooms. In terms of bathrooms, there are a total of 5 full bathrooms. There are 5 partial bathrooms. 3037 South Loomis Street has 4,730 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. The linear feet across the front of the lot is 1,050 ft and the linear feet between the front and back of the lot is 250. In total, the area measurement of the land is 2,650 square feet.

Learn more about the property and building on this page. The roof of the home is made of tar and gravel. For those who need parking, there is a no garage. 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 air conditioning. 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, 3037 South Loomis Street sold most recently in Oct 22, 2014 for a total of $380,000. If you work out the math, that's approximately a cost of $80.34 per sqft. 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 $10,022 in taxes each year. 3037 South Loomis Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $48,726. If we break it down further, the land itself was valued at $10,600. Improvements to the property, however, were assessed at a total of $38,126. 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
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210626
06/26/2021
Loft
-
-
$689,000
bedrooms
Loft
bathrooms
-
-
-
-
QianKun Chen
Kale Realty
20190321
03/21/2019
Studio
-
-
$639,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 2
  • Total Rooms: 24
  • Bedroom Count: 11
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 3
  • Living Units: 2
  • Business/Commerical Units Count: 16
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,650
  • Lot Size Depth Feet: 250
  • Lot Size Frontage Feet: 1,050
  • Total Building Area: 4,730
  • Gross Building Area: 4,730
  • Building Area: 4,730
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 4,730
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CANAL TRUSTEES SUB
  • Land Acres: 0.061
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (SUBDIVISION) OF PT OF LT5 IN BLK26 OF CANAL TRUSTEES SUB OF BLKS IN SEC29 LYING NWLY & ADJ THE HOLDEN SCHOOL SEC 29-39-14

Ownership

  • Current Owner : ZHAO FENG
  • Current Owner 2: ZHAO JING
  • Previous Owner : CHICAGO TITLE LAND TRUST COMPANY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 600600

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 76
  • Parcel: 17-29-420-020-0000
  • Block: 26
  • Lot: 5
  • Meridian: SEC 29 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.839
  • Longitude: -87.6549

    Address

  • Full Address: 3037 S Loomis St
  • Address - House Number: 3037
  • Street Direction: S
  • Address - Street Name: Loomis
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C051
  • 4-Digit Zip Code: 5677
  • Zip Code: 60608

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,022
  • Tax Rate Code Area: 76008

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 499,770
  • High Value: 627,470
  • Low Value: 372,069

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $367,000
  • First Open Lien Mortgage Lender: CATHAY BANK
  • First Open Lien Mortgage Recording Date: Feb 05, 2018
  • First Open Lien Mortgage Loan Amount: $367,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2028

    Market Valuation

  • Market Total Value: $487,260
  • Market Land Value: $106,000
  • Market Improvement Value: $381,260

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,726
  • Assessed Land Value: $10,600
  • Assessed Improvements Value: $38,126

    Sales

  • Current Sale Contract Date: Oct 22, 2014
  • Current Sale Recording Date: Dec 09, 2014
  • Current Sale Transaction ID: 1088753368
  • Current Sale Price: $380,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 1434335042

    Last Sale Mortgage

  • First Mortgage Lender: CATHAY BANK
  • First Mortgage Transaction Date: Dec 09, 2014
  • First Mortgage Loan Amount: $285,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Dec 01, 2024

About Southwest Side



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Frequently Asked Questions

What neighborhood is 3037 South Loomis Street located in?
The 3037 South Loomis Street is a commercial located in the neighborhood of Bridgeport in Southwest Side, Chicago.
What is the average sales price for listings in 3037 South Loomis Street?
The average sales price for units in 3037 South Loomis Street is $0 currently.

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