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327 West Armitage Avenue

327 West Armitage Avenue, Chicago, IL 60614
1 Units For Sale
Unit for sale at 327 W Armitage Avenue, Chicago, IL 60614

$885,000 ↓ $40K

  • Studio
327 W Armitage Avenue, Chicago, IL 60614 Listing by Rita Neri

327 West Armitage Avenue in Chicago, IL was first built in 1888 and is 136 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 18 rooms in the home, of which, 9 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 327 West Armitage Avenue has 3,452 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. In total, the area measurement of the land is 2,448 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. As for heating, the home is utilizing a hot water 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, 327 West Armitage Avenue was last sold in Jan 8, 2024 for $800,000. According to our calculations, that's $231.75 per sqft. Prior to that sales transaction, the property was sold for $650,000 in Aug 11, 2022. Current property owners are expected to pay $14,357 in taxes per year. The property on 327 West Armitage Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $89,400. To break that down further, the land itself was valued at $30,600. While improvements to the property were assessed at a total of $58,800. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1888
  • Effective Year Built: 1888
  • Building Count: 1
  • Total Rooms: 18
  • Bedroom Count: 9
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • 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: 3
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,448
  • Total Building Area: 3,452
  • Gross Building Area: 3,452
  • Building Area: 3,452
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 3,452
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JEFFERSONS SUB
  • Land Acres: 0.056
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: HIRAM (JEFFERSONS) SUB OF BLK38 OF CANAL TRUSTEES SUB OF NH & NH SE & EH SW SEC 33-40-14

Ownership

  • Current Owner : DEVELOPMENT GROUP INC
  • Previous Owner : 327 W ARMITAGE LLC
  • Owner Before Previous Owner: TAYLOR MARC A
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 071500

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: 02N-127-02
  • District: 74
  • Parcel: 14-33-400-019-0000
  • Block: 38
  • Lot: 47
  • Meridian: SEC 33 TWN 40N RNG 14E
  • Municipality: NORTH CHICAGO
  • Latitude: 41.9181
  • Longitude: -87.6375

    Address

  • Full Address: 327 W Armitage Ave
  • Address - House Number: 327
  • Street Direction: W
  • Address - Street Name: Armitage
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C070
  • 4-Digit Zip Code: 4710
  • Zip Code: 60614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,357
  • Tax Rate Code Area: 74001

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 714,959
  • High Value: 822,871
  • Low Value: 607,046

    Market Valuation

  • Market Total Value: $894,000
  • Market Land Value: $306,000
  • Market Improvement Value: $588,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $89,400
  • Assessed Land Value: $30,600
  • Assessed Improvements Value: $58,800

    Sales

  • Current Sale Contract Date: Jan 08, 2024
  • Current Sale Recording Date: Feb 06, 2024
  • Current Sale Transaction ID: 11920229782
  • Current Sale Price: $800,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 41069
  • Previous Sale Recording Date: Aug 16, 2022
  • Previous Sale Contract Date: Aug 11, 2022
  • Previous Sale Amount: $650,000
  • Previous Sale Document Type: Administrator's Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN EAGLE BANK
  • First Mortgage Transaction Date: Feb 06, 2024
  • First Mortgage Loan Amount: $1,691,500
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Mar 01, 2024

About Central Chicago



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Frequently Asked Questions

What neighborhood is 327 West Armitage Avenue located in?
The 327 West Armitage Avenue is a located in the neighborhood of Old Town Triangle in Central Chicago, Chicago.
How many listings are currently for sale in 327 West Armitage Avenue?
There is one unit for sale right now.
What is the average sales price for listings in 327 West Armitage Avenue?
The average sales price for units in 327 West Armitage Avenue is $885,000 currently.

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