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3130 West 40th Place

3130 West 40th Place, Chicago, IL 60632
Multifamily in Brighton Park
Sold Feb 14, 2022
$300,000
$294,566 by Compass Mortgage Inc
Mortgage Due Jan 01, 2052
Sold Nov 22, 2005
$260,000
$208,000 by Abn Amro Mortgage Group Inc
Mortgage Due Nov 01, 2035
3130 West 40th Place in Chicago, IL was first built in 1912 and is 112 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 2 floors. 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. 3130 West 40th Place has 1,658 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 270 ft and the linear feet between the front and back of the lot is 1,220. In total, the area measurement of the land is 3,321 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 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 frame 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 wood. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a 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, 3130 West 40th Place was last sold in Nov 22, 2021 for $300,000. According to our calculations, that's $180.94 per sqft. Prior to that sales transaction, the property was sold for $260,000 in Oct 27, 2005. Current property owners are expected to pay $3,723 in taxes per year. The property on 3130 West 40th Place was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $18,000. To break that down further, the land itself was valued at $3,321. While improvements to the property were assessed at a total of $14,679. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Features

Exterior

Brick Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1912
  • Effective Year Built: 1912
  • 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: 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: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,321
  • Lot Size Depth Feet: 1,220
  • Lot Size Frontage Feet: 270
  • Total Building Area: 1,658
  • Gross Building Area: 1,658
  • Building Area: 1,658
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,658
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OSBORNES SUB
  • Land Acres: 0.076
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (RESUBDIVISION) OF BLK 2 IN SCOVILLE WALKER & MCELWEE S SUB OF LTS 1-4 & SUB LT 2 IN OSBORNES SUB OF LT 5 IN SUPERIOR COURT P

Ownership

  • Current Owner : ADEJUMO LAUREN
  • Previous Owner : TORRES MATILDE
  • Owner Before Previous Owner: TORRES ALVARO
  • Owner Before Previous Owner 2: LAGUNAS JOSE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 580501

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 19-01-108-029-0000
  • Block: 2
  • Lot: 1-5
  • Meridian: SEC 01 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.8201
  • Longitude: -87.7033

    Address

  • Full Address: 3130 W 40th Pl
  • Address - House Number: 3130
  • Street Direction: W
  • Address - Street Name: 40th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C018
  • 4-Digit Zip Code: 2424
  • Zip Code: 60632

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,723
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 348,788
  • High Value: 437,910
  • Low Value: 259,665

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $294,566
  • First Open Lien Mortgage Lender: COMPASS MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Feb 14, 2022
  • First Open Lien Mortgage Loan Amount: $294,566
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Market Valuation

  • Market Total Value: $180,000
  • Market Land Value: $33,210
  • Market Improvement Value: $146,790

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,000
  • Assessed Land Value: $3,321
  • Assessed Improvements Value: $14,679

    Sales

  • Current Sale Contract Date: Nov 22, 2021
  • Current Sale Recording Date: Feb 14, 2022
  • Current Sale Transaction ID: 11887171776
  • Current Sale Price: $300,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2204521206
  • Previous Sale Recording Date: Nov 22, 2005
  • Previous Sale Contract Date: Oct 27, 2005
  • Previous Sale Amount: $260,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMPASS MORTGAGE INC
  • First Mortgage Transaction Date: Feb 14, 2022
  • First Mortgage Loan Amount: $294,566
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: ABN AMRO MORTGAGE GROUP INC
  • Previous Mortgage Transaction Date: Nov 22, 2005
  • Previous Mortgage Loan Amount: $208,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Nov 01, 2035

About Southwest Side



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Nearby Rentals

Unit for rent at 3325 W 37th Place, Chicago, IL, 60632

$800 /mo

  • Studio
  • 1 Bath
  • 600 ft²
3325 W 37th Place #3, Chicago, IL, 60632 Listing by Frank Herrera

Frequently Asked Questions

What neighborhood is 3130 West 40th Place located in?
The 3130 West 40th Place is a multifamily located in the neighborhood of Brighton Park in Southwest Side, Chicago.
What is the average sales price for listings in 3130 West 40th Place?
The average sales price for units in 3130 West 40th Place is $0 currently.

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