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3417 South Prairie Avenue

3417 South Prairie Avenue, Chicago, IL 60616
Property in The Gap
Sold Jan 26, 2022
Transfer
Sold Oct 14, 2016
$399,000
$387,030 by Wells Fargo Bank Na
Mortgage Due Oct 01, 2046
3417 South Prairie Avenue in Chicago, IL was first built in 1890 and is 134 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 3 floors. There are a total of 11 rooms in the home, of which, 7 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 5 partial bathrooms. 3417 South Prairie Avenue has 3,272 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. The linear feet across the front of the lot is 250 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 2,364 square feet.

Learn more about the property and building on this page. The roof of the home is made of tar and gravel. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. 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 central air conditioning. As for heating, the home is utilizing a heating system. There are 2 fireplaces in the home. Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Prior to that sales transaction, the property was also sold in Sep 28, 2016 for $399,000. 3417 South Prairie Avenue was last assessed in 2023. The total value of the property was assessed at $23,000. Specifically, the land the property is located on was valued at $8,274. While improvements on the property were assessed at a total of $14,726. 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 $4,040. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 7
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • 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: 3
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,364
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 3,272
  • Gross Building Area: 3,272
  • Building Area: 3,272
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 2
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 3,272
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: DAVIS SONS SUB
  • Land Acres: 0.054
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: (SUBDIVISION) OF WH OF NH OF LT7 BLK1 OF DYER & DAVIS SONS SUB OF SE NW SEC 34-39-14

Ownership

  • Current Owner : HERNANDEZ SALVADOR
  • Previous Owner : ORTEGO OSWALDO
  • Owner Before Previous Owner: OVALLE FREDY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 839500

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 76
  • Parcel: 17-34-121-021-0000
  • Block: 1
  • Lot: 7
  • Meridian: SEC 34 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8323
  • Longitude: -87.6202

    Address

  • Full Address: 3417 S Prairie Ave
  • Address - House Number: 3417
  • Street Direction: S
  • Address - Street Name: Prairie
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C032
  • 4-Digit Zip Code: 3921
  • Zip Code: 60616

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,040
  • Tax Rate Code Area: 76079

    Appraisal Valuation

  • Standard Deviation: 0.2707
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 61
  • Final Value: 762,600
  • High Value: 969,096
  • Low Value: 556,103

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $82,740
  • Market Improvement Value: $147,260

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $8,274
  • Assessed Improvements Value: $14,726

    Sales

  • Current Sale Contract Date: Jan 11, 2022
  • Current Sale Recording Date: Jan 26, 2022
  • Current Sale Transaction ID: 11884912155
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2202655078
  • Previous Sale Recording Date: Oct 14, 2016
  • Previous Sale Contract Date: Sep 28, 2016
  • Previous Sale Amount: $399,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMEBRIDGE FINANCIAL SERVICES
  • First Mortgage Transaction Date: Jan 26, 2022
  • First Mortgage Loan Amount: $544,350
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Feb 01, 2052

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Oct 14, 2016
  • Previous Mortgage Loan Amount: $387,030
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Oct 01, 2046

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Frequently Asked Questions

What neighborhood is 3417 South Prairie Avenue located in?
The 3417 South Prairie Avenue is a located in the neighborhood of The Gap in South Side, Chicago.
What is the average sales price for listings in 3417 South Prairie Avenue?
The average sales price for units in 3417 South Prairie Avenue is $0 currently.

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