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3359 South Archer Avenue

3359 South Archer Avenue, Chicago, IL 60608
Property in McKinley Park
Sold Sep 01, 2021
$350,000
Buyer
Seller
$150,000 by International Bank Of Chicago
Mortgage
Sold Aug 19, 2005
$324,000
$190,000 by Abn Amro Mortgage Group Inc
Mortgage Due Aug 01, 2035
3359 South Archer Avenue 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 2007 and is 17 years old. The home has a total of 6 rooms. 3 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, 3359 South Archer Avenue has 1,480 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 808 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a modern 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 attached 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 asphalt. The exterior walls of the building are made of masonry. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. The property was last sold in Jul 20, 2021 for $350,000. That's $236.49 per sqft. Prior to that sales transaction, the property was also sold in Jul 26, 2005 for $324,000. 3359 South Archer Avenue was last assessed in 2023. The total value of the property was assessed at $33,000. Specifically, the land the property is located on was valued at $2,020. While improvements on the property were assessed at a total of $30,980. 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 $6,084. 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: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Modern
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 808
  • Total Building Area: 1,480
  • Gross Building Area: 1,480
  • Building Area: 1,480
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,480
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MCALPINES
  • Land Acres: 0.019
  • Standard Land Use Code: Townhouse (residential)

Ownership

  • Current Owner : LIN YING
  • Previous Owner : WENG YONG H
  • Owner Before Previous Owner: ARCHER SQUARE LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 840400

Zoning

  • Zoning: RT-4

Geography

  • District: 76
  • Parcel: 17-31-220-083-0000
  • Block: 2
  • Lot: 3-18
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8329
  • Longitude: -87.6732

    Address

  • Full Address: 3359 S Archer Ave
  • Address - House Number: 3359
  • Street Direction: S
  • Address - Street Name: Archer
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C048
  • 4-Digit Zip Code: 6838
  • Zip Code: 60608

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,084
  • Tax Rate Code Area: 76001

    Appraisal Valuation

  • Standard Deviation: 0.2362
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 415,426
  • High Value: 513,553
  • Low Value: 317,298

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $150,000
  • First Open Lien Mortgage Lender: INTERNATIONAL BANK OF CHICAGO
  • First Open Lien Mortgage Recording Date: Sep 01, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $150,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $330,000
  • Market Land Value: $20,200
  • Market Improvement Value: $309,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,000
  • Assessed Land Value: $2,020
  • Assessed Improvements Value: $30,980

    Sales

  • Current Sale Contract Date: Jul 20, 2021
  • Current Sale Recording Date: Sep 01, 2021
  • Current Sale Transaction ID: 11854629270
  • Current Sale Price: $350,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2124412116
  • Previous Sale Recording Date: Aug 19, 2005
  • Previous Sale Contract Date: Jul 26, 2005
  • Previous Sale Amount: $324,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: INTERNATIONAL BANK OF CHICAGO
  • First Mortgage Transaction Date: Sep 01, 2021
  • First Mortgage Loan Amount: $150,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: ABN AMRO MORTGAGE GROUP INC
  • Previous Mortgage Transaction Date: Aug 19, 2005
  • Previous Mortgage Loan Amount: $190,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Aug 01, 2035

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Frequently Asked Questions

What neighborhood is 3359 South Archer Avenue located in?
The 3359 South Archer Avenue is a located in the neighborhood of McKinley Park in Southwest Side, Chicago.
What is the average sales price for listings in 3359 South Archer Avenue?
The average sales price for units in 3359 South Archer Avenue is $0 currently.

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