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348 South Hamlin Boulevard

348 South Hamlin Boulevard, Chicago, IL 60624
Sold Oct 17, 2022
$669,000
$602,100 by A & N Mortgage Services Inc
Mortgage Due Nov 01, 2052
Sold Jan 26, 2022
Transfer
$585,000 by Finance Of America Commercial
Mortgage
Local assessors in Chicago, IL have categorized 348 South Hamlin Boulevard as a residential type of property. The home was built in 1905 and is 119 years old. The property's lot size has been calculated to be 3,750 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 12 rooms in the home. Of these, 6 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 5 partial bathrooms. This is a 2 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 348 South Hamlin Boulevard has a total of 5,086 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 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 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 air conditioning for their cooling system. The home's a hot water heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 348 South Hamlin Boulevard sold most recently in Sep 28, 2022 for a total of $669,000. If you work out the math, that's approximately a cost of $131.54 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,651 in taxes each year. 348 South Hamlin Boulevard was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $35,056. If we break it down further, the land itself was valued at $4,406. Improvements to the property, however, were assessed at a total of $30,650. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

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

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • 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: 2
  • Living Units: 4
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,750
  • Total Building Area: 5,086
  • Gross Building Area: 5,086
  • Building Area: 5,086
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 5,086
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAMBERT TREES
  • Land Acres: 0.086
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (LAMBERT)(TREES) SUB WH NW SEC 14-39-13

Ownership

  • Current Owner : PALMER RYAN DAVID
  • Current Owner 2: LEI TIANHAO
  • Previous Owner : LANE BRANDON
  • Owner Before Previous Owner: PRICE RONALD L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 260800

Zoning

  • Zoning: RM-5

Geography

  • Assessors Map Reference: 011-122-02
  • District: 77
  • Parcel: 16-14-111-032-0000
  • Block: 12
  • Lot: 6,7
  • Meridian: SEC 14 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8757
  • Longitude: -87.721

    Address

  • Full Address: 348 S Hamlin Blvd
  • Address - House Number: 348
  • Street Direction: S
  • Address - Street Name: Hamlin
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Chicago
  • Carrier Code: C046
  • 4-Digit Zip Code: 3123
  • Zip Code: 60624

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,651
  • Tax Rate Code Area: 77132

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 299,649
  • High Value: 376,215
  • Low Value: 223,082

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $641,100
  • First Open Lien Mortgage Lender: A & N MORTGAGE SERVICES INC
  • First Open Lien Mortgage Recording Date: Oct 17, 2022
  • First Open Lien Mortgage Loan Amount: $602,100
  • 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: Nov 01, 2052
  • Second Open Lien Mortgage Lender: A & N MORTGAGE SERVICES INC
  • Second Open Lien Mortgage Recording Date: Nov 16, 2022
  • Second Open Lien Mortgage Loan Amount: $39,000
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Nov 09, 2037

    Market Valuation

  • Market Total Value: $350,560
  • Market Land Value: $44,060
  • Market Improvement Value: $306,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,056
  • Assessed Land Value: $4,406
  • Assessed Improvements Value: $30,650

    Sales

  • Current Sale Contract Date: Sep 28, 2022
  • Current Sale Recording Date: Oct 17, 2022
  • Current Sale Transaction ID: 11905423629
  • Current Sale Price: $669,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 10078
  • Previous Sale Recording Date: Jan 26, 2022
  • Previous Sale Contract Date: Dec 23, 2021
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: A & N MORTGAGE SERVICES INC
  • First Mortgage Transaction Date: Oct 17, 2022
  • First Mortgage Loan Amount: $602,100
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: FINANCE OF AMERICA COMMERCIAL
  • Previous Mortgage Transaction Date: Jan 26, 2022
  • Previous Mortgage Loan Amount: $585,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About West Side



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Frequently Asked Questions

What neighborhood is 348 South Hamlin Boulevard located in?
The 348 South Hamlin Boulevard is a located in the neighborhood of East Garfield Park in West Side, Chicago.
What is the average sales price for listings in 348 South Hamlin Boulevard?
The average sales price for units in 348 South Hamlin Boulevard is $0 currently.

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