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3123 North Southport Avenue

3123 North Southport Avenue, Chicago, IL 60657
Multifamily in Lakeview
1 Units For Sale
Unit for sale at 3123 N Southport Avenue, Chicago, IL 60657

$795,000

  • 5 Beds
3123 N Southport Avenue, Chicago, IL 60657 Listing by Craig Fallico

Local assessors in Chicago, IL have categorized 3123 North Southport Avenue as a residential type of property. The home was built in 1900 and is 124 years old. The property's lot size has been calculated to be 3,000 square feet. The linear feet between the front and back of the lot was measured at 1,250 ft and the front of the lot was measured at 250 ft. 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 10 rooms in the home. Of these, 4 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 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 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 3123 North Southport Avenue has a total of 1,840 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 detached garage for those who need a place to park their vehicle. There are 2 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 frame 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 asphalt. Lots of wood 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. 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, 3123 North Southport Avenue was last sold in Feb 8, 2024 for $762,500. According to our calculations, that's $414.40 per sqft. Prior to that sales transaction, the property was sold for $680,000 in Feb 19, 2015. Current property owners are expected to pay $14,532 in taxes per year. The property on 3123 North Southport Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $74,072. To break that down further, the land itself was valued at $45,000. While improvements to the property were assessed at a total of $29,072. 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. 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.

Building Features

Exterior

Vinyl Siding

Parking

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

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230921
09/21/2023
5 Bed
-
-
$850,000
bedrooms
5 Bed
bathrooms
-
-
-
-
Craig Fallico
Dream Town Realty
20210205
02/05/2021
5 Bed
2 Bath
-
$775,000
bedrooms
5 Bed
bathrooms
2 Bath
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Wood
  • 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: 3,000
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,840
  • Gross Building Area: 1,840
  • Building Area: 1,840
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,840
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ALTGELDS SUB
  • Land Acres: 0.069
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: JOHN P (ALTGELDS) SUB OF BLKS1-4, NH BLK6, & THAT PT BLK7 LYING NELY OF CENTER LINE OF LINCOLN AVE, IN SUB BY EXECUTORS OF W

Ownership

  • Current Owner : FREEDOM FIFTY LLC
  • Previous Owner : ZAEHLER STEPHEN P
  • Previous Owner 2: MACKINTOSH DEBRA J
  • Owner Before Previous Owner: GLOMB BRANT G
  • Owner Before Previous Owner 2: GLOMB JENNIFER
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 062800

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 73
  • Parcel: 14-29-106-002-0000
  • Block: 1-4,6
  • Lot: 197
  • Meridian: SEC 29 TWN 40N RNG 14E
  • Municipality: LAKE VIEW
  • Latitude: 41.9387
  • Longitude: -87.6634

    Address

  • Full Address: 3123 N Southport Ave
  • Address - House Number: 3123
  • Street Direction: N
  • Address - Street Name: Southport
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C079
  • 4-Digit Zip Code: 3223
  • Zip Code: 60657

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,532
  • Tax Rate Code Area: 73001

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 741,981
  • High Value: 853,972
  • Low Value: 629,989

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $533,750
  • First Open Lien Mortgage Lender: INTERNATIONAL BANK OF CHICAGO
  • First Open Lien Mortgage Recording Date: Feb 14, 2024
  • First Open Lien Mortgage Loan Amount: $533,750
  • First Open Lien Mortgage Term: 36
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Feb 09, 2027

    Market Valuation

  • Market Total Value: $740,720
  • Market Land Value: $450,000
  • Market Improvement Value: $290,720

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $74,072
  • Assessed Land Value: $45,000
  • Assessed Improvements Value: $29,072

    Sales

  • Current Sale Contract Date: Feb 08, 2024
  • Current Sale Recording Date: Feb 14, 2024
  • Current Sale Transaction ID: 11920795687
  • Current Sale Price: $762,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 41262
  • Previous Sale Recording Date: Mar 10, 2015
  • Previous Sale Contract Date: Feb 19, 2015
  • Previous Sale Amount: $680,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: INTERNATIONAL BANK OF CHICAGO
  • First Mortgage Transaction Date: Feb 14, 2024
  • First Mortgage Loan Amount: $533,750
  • First Mortgage Terms: 36
  • First Mortgage Loan Type: Credit Line (Revolving)
  • First Mortgage Loan Due Date: Feb 09, 2027

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Mar 10, 2015
  • Previous Mortgage Loan Amount: $533,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Mar 01, 2045

About North Side



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Frequently Asked Questions

What neighborhood is 3123 North Southport Avenue located in?
The 3123 North Southport Avenue is a multifamily located in the neighborhood of Lakeview in North Side, Chicago.
How many listings are currently for sale in 3123 North Southport Avenue?
There is one unit for sale right now.
What is the average sales price for listings in 3123 North Southport Avenue?
The average sales price for units in 3123 North Southport Avenue is $795,000 currently.

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