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3243 South Parnell Avenue

3243 South Parnell Avenue, Chicago, IL 60616
Multifamily in Bridgeport
Sold Nov 14, 2018
$463,000
$360,750 by Quicken Loans Llc
Mortgage Due Dec 01, 2050
Local assessors in Chicago, IL have categorized 3243 South Parnell Avenue as a residential type of property. The home was built in 1890 and is 134 years old. The property's lot size has been calculated to be 3,125 square feet. 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 11 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 3243 South Parnell Avenue has a total of 1,995 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 masonry were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Oct 29, 2018 for $463,000. That's $232.08 per sqft. 3243 South Parnell Avenue was last assessed in 2023. The total value of the property was assessed at $36,000. Specifically, the land the property is located on was valued at $13,750. While improvements on the property were assessed at a total of $22,250. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $6,701. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 11
  • 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: Masonry
  • 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: 3,125
  • Total Building Area: 1,995
  • Gross Building Area: 1,995
  • Building Area: 1,995
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,995
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FINNEY & LYONS
  • Land Acres: 0.072
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (FINNEY) & (LYONS) SUB OF SUB-BLK 4 OF BLK6 IN CANAL TRUSTEES SUB SEC 33-39-14

Ownership

  • Current Owner : LEE KWOK WAI
  • Previous Owner : JONKINS JOANNE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 840000

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 76
  • Parcel: 17-33-113-022-0000
  • Block: 4,6
  • Lot: 23
  • Meridian: SEC 33 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.835
  • Longitude: -87.6398

    Address

  • Full Address: 3243 S Parnell Ave
  • Address - House Number: 3243
  • Street Direction: S
  • Address - Street Name: Parnell
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C014
  • 4-Digit Zip Code: 3515
  • Zip Code: 60616

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,701
  • Tax Rate Code Area: 76008

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 437,237
  • High Value: 548,959
  • Low Value: 325,514

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $360,750
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Apr 23, 2021
  • First Open Lien Mortgage Loan Amount: $360,750
  • 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: Dec 01, 2050

    Market Valuation

  • Market Total Value: $360,000
  • Market Land Value: $137,500
  • Market Improvement Value: $222,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,000
  • Assessed Land Value: $13,750
  • Assessed Improvements Value: $22,250

    Sales

  • Current Sale Contract Date: Oct 29, 2018
  • Current Sale Recording Date: Nov 14, 2018
  • Current Sale Transaction ID: 11532139758
  • Current Sale Price: $463,000
  • Current Sale Document Type: Administrator's Deed
  • Current Sale Input Document Number: 1831804076

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN METRO BANK
  • First Mortgage Transaction Date: Nov 14, 2018
  • First Mortgage Loan Amount: $370,000
  • First Mortgage Terms: 36
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Nov 29, 2021

    Financing

  • First Mortgage Financing Type: Variable

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Frequently Asked Questions

What neighborhood is 3243 South Parnell Avenue located in?
The 3243 South Parnell Avenue is a multifamily located in the neighborhood of Bridgeport in Southwest Side, Chicago.
What is the average sales price for listings in 3243 South Parnell Avenue?
The average sales price for units in 3243 South Parnell Avenue is $0 currently.

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