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3355 South Morgan Street

3355 South Morgan Street, Chicago, IL 60608
Commercial in Bridgeport
Sold May 24, 2016
$110,000
$1,480,000 by Lakeside Bank
Mortgage Due Aug 31, 2024
Sold May 12, 2016
$52,000
Local assessors in Chicago, IL have categorized 3355 South Morgan Street as a residential type of property. The home was built in 1893 and is 131 years old. The property's lot size has been calculated to be 3,250 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 17 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 5 full bathrooms. There are also 6 partial bathrooms. This is a 3 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 3355 South Morgan Street has a total of 4,356 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 no garage for those who need a place to park their vehicle. 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 masonry 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 tar and gravel. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a hot water heating system is the primary heating source. The property was last sold in May 16, 2016 for $110,000. That's $25.25 per sqft. Prior to that sales transaction, the property was also sold in May 12, 2016 for $52,000. 3355 South Morgan Street was last assessed in 2022. The total value of the property was assessed at $39,789. Specifically, the land the property is located on was valued at $13,000. While improvements on the property were assessed at a total of $26,789. 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 $8,184. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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: 1893
  • Effective Year Built: 1893
  • Building Count: 1
  • Total Rooms: 17
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 3
  • Living Units: 5
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,250
  • Total Building Area: 4,356
  • Gross Building Area: 4,356
  • Building Area: 4,356
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 4,356
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BROWNS ADD TO CHICAGO
  • Land Acres: 0.075
  • Standard Land Use Code: Misc Residential improvement
  • Legal Description 1: (BROWNS) ADD TO (CHICAGO) BEING S 45ACS OF EH NE SEC 32-39-14

Ownership

  • Current Owner : BOKSTER PROPERTIES LLC
  • Previous Owner : AMERICAN REAL ESTATE LLC
  • Owner Before Previous Owner: DAILEY PATRICIA LEE
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 839700

Zoning

  • Zoning: B1-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 76
  • Parcel: 17-32-220-008-0000
  • Block: 2
  • Lot: 80
  • Meridian: SEC 32 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8332
  • Longitude: -87.6507

    Address

  • Full Address: 3355 S Morgan St
  • Address - House Number: 3355
  • Street Direction: S
  • Address - Street Name: Morgan
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C055
  • 4-Digit Zip Code: 7045
  • Zip Code: 60608

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,184
  • Tax Rate Code Area: 76019

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,480,000
  • First Open Lien Mortgage Lender: LAKESIDE BANK
  • First Open Lien Mortgage Recording Date: Sep 18, 2019
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $1,480,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Aug 31, 2024

    Market Valuation

  • Market Total Value: $397,890
  • Market Land Value: $130,000
  • Market Improvement Value: $267,890

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,789
  • Assessed Land Value: $13,000
  • Assessed Improvements Value: $26,789

    Sales

  • Current Sale Contract Date: May 16, 2016
  • Current Sale Recording Date: May 24, 2016
  • Current Sale Transaction ID: 1600308842
  • Current Sale Price: $110,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 1614546027
  • Previous Sale Recording Date: May 12, 2016
  • Previous Sale Contract Date: May 12, 2016
  • Previous Sale Amount: $52,000
  • Previous Sale Document Type: Warranty Deed

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Frequently Asked Questions

What neighborhood is 3355 South Morgan Street located in?
The 3355 South Morgan Street is a commercial located in the neighborhood of Bridgeport in Southwest Side, Chicago.
What is the average sales price for listings in 3355 South Morgan Street?
The average sales price for units in 3355 South Morgan Street is $0 currently.

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