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3141 West 71st Street

3141 West 71st Street, Chicago, IL 60629
Multifamily in Marquette Park
3141 West 71st Street 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 1957 and is 67 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 3141 West 71st Street has 4,800 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,250 ft and across the front of the lot is 300 ft. The area measurement of the land has been determined as 3,960 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 tar and gravel. 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. 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, 3141 West 71st Street sold most recently in Jul 13, 2006 for a total of $180,000. If you work out the math, that's approximately a cost of $37.50 per sqft. Before that, the property was also sold for $116,000 in Aug 23, 2005. 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 $3,204 in taxes each year. 3141 West 71st Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $19,000. If we break it down further, the land itself was valued at $3,168. Improvements to the property, however, were assessed at a total of $15,832. 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. 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. 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.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20180502
05/02/2018
2 Bed
-
-
-
bedrooms
2 Bed
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • 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: 3,960
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 300
  • Total Building Area: 4,800
  • Gross Building Area: 4,800
  • Building Area: 4,800
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 4,800
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MAGHERA BEING PETER J OREILLYS RESUB M
  • Land Acres: 0.091
  • Standard Land Use Code: Misc Residential improvement
  • Legal Description 1: (MAGHERA) BEING PETER J OREILLYS RESUB MAGHERA OF BLK S 5-12 IN SEVENTY FIRST ST ADD IN WH NH NH SEC 25-38-13

Ownership

  • Current Owner : MONTANO JEFFERSON
  • Previous Owner : CHICAGO TITLE LAND TRUST CO
  • Owner Before Previous Owner: SHAAR TAWFIQ M A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 661100

Zoning

  • Zoning: B1-1

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 19-25-100-007-0000
  • Block: 5-12,
  • Lot: 31
  • Meridian: SEC 25 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.764
  • Longitude: -87.702

    Address

  • Full Address: 3141 W 71st St
  • Address - House Number: 3141
  • Street Direction: W
  • Address - Street Name: 71st
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C058
  • 4-Digit Zip Code: 3685
  • Zip Code: 60629

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,204
  • Tax Rate Code Area: 72001

    Market Valuation

  • Market Total Value: $190,000
  • Market Land Value: $31,680
  • Market Improvement Value: $158,320

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,000
  • Assessed Land Value: $3,168
  • Assessed Improvements Value: $15,832

    Sales

  • Current Sale Contract Date: Jul 13, 2006
  • Current Sale Recording Date: Aug 07, 2006
  • Current Sale Transaction ID: 1177467978
  • Current Sale Price: $180,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 0621911060
  • Previous Sale Recording Date: Sep 20, 2005
  • Previous Sale Contract Date: Aug 23, 2005
  • Previous Sale Amount: $116,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: INTERBAY FUNDING LLC
  • First Mortgage Transaction Date: Aug 07, 2006
  • First Mortgage Loan Amount: $153,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Aug 01, 2021

About South Side



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 3141 West 71st Street located in?
The 3141 West 71st Street is a multifamily located in the neighborhood of Marquette Park in South Side, Chicago.
What is the average sales price for listings in 3141 West 71st Street?
The average sales price for units in 3141 West 71st Street is $0 currently.

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