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3343 South Oakley Avenue

3343 South Oakley Avenue, Chicago, IL 60608
Property in McKinley Park
Sold Oct 05, 2021
$340,000
$255,000 by Pmac Lending Services Inc
Mortgage Due Oct 01, 2051
Sold Aug 06, 2021
$150,000
$112,500 by Lakeside Bank
Mortgage Due Sep 15, 2022
Local assessors in Chicago, IL have categorized 3343 South Oakley 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 3,000 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 unknown style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 2 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 is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3343 South Oakley Avenue has a total of 680 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. The home sources its water from a municipal system. 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 air conditioning for their cooling system. The home's a heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 3343 South Oakley Avenue was last sold in Sep 28, 2021 for $340,000. According to our calculations, that's $500.00 per sqft. Prior to that sales transaction, the property was sold for $150,000 in Mar 11, 2021. Current property owners are expected to pay $2,592 in taxes per year. The property on 3343 South Oakley Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $12,530. To break that down further, the land itself was valued at $7,500. While improvements to the property were assessed at a total of $5,030. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

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: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved 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: 680
  • Gross Building Area: 680
  • Building Area: 680
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 680
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: GROSS & BOWMANS
  • Land Acres: 0.069
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : LI XIN
  • Current Owner 2: ZHAO XIAOLONG
  • Previous Owner : GOLDLAND MANAGEMENT LLC
  • Owner Before Previous Owner: MARTINEZ MARIA C
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 840300

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 76
  • Parcel: 17-31-111-018-0000
  • Lot: 33
  • Meridian: SEC 31 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8327
  • Longitude: -87.6823

    Address

  • Full Address: 3343 S Oakley Ave
  • Address - House Number: 3343
  • Street Direction: S
  • Address - Street Name: Oakley
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C037
  • 4-Digit Zip Code: 6024
  • Zip Code: 60608

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,592
  • Tax Rate Code Area: 76007

    Appraisal Valuation

  • Standard Deviation: 0.2778
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 60
  • Final Value: 337,113
  • High Value: 430,783
  • Low Value: 243,443

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $255,000
  • First Open Lien Mortgage Lender: PMAC LENDING SERVICES INC
  • First Open Lien Mortgage Recording Date: Oct 05, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $255,000
  • 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: Oct 01, 2051

    Market Valuation

  • Market Total Value: $125,300
  • Market Land Value: $75,000
  • Market Improvement Value: $50,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,530
  • Assessed Land Value: $7,500
  • Assessed Improvements Value: $5,030

    Sales

  • Current Sale Contract Date: Sep 28, 2021
  • Current Sale Recording Date: Oct 05, 2021
  • Current Sale Transaction ID: 11859031357
  • Current Sale Price: $340,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2127804002
  • Previous Sale Recording Date: Aug 06, 2021
  • Previous Sale Contract Date: Mar 11, 2021
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PMAC LENDING SERVICES INC
  • First Mortgage Transaction Date: Oct 05, 2021
  • First Mortgage Loan Amount: $255,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: LAKESIDE BANK
  • Previous Mortgage Transaction Date: Aug 06, 2021
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $112,500
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Sep 15, 2022

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Frequently Asked Questions

What neighborhood is 3343 South Oakley Avenue located in?
The 3343 South Oakley Avenue is a located in the neighborhood of McKinley Park in Southwest Side, Chicago.
What is the average sales price for listings in 3343 South Oakley Avenue?
The average sales price for units in 3343 South Oakley Avenue is $0 currently.

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