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3500 South Emerald Avenue

3500 South Emerald Avenue, Chicago, IL 60609
Property in Bridgeport
Sold Nov 05, 2021
$647,000
$422,000 by Cathy Bank
Mortgage Due Nov 01, 2031
Sold Oct 05, 2001
$155,000
3500 South Emerald 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 1956 and is 68 years old. The home has a total of 8 rooms. 6 of these rooms are legally considered as bedrooms. Residents will have access to 6 full bathrooms. There are 8 partial bathrooms in the home. The building has a total of 2 stories. In addition, 3500 South Emerald Avenue has 5,430 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 2,976 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily 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 no garage for those who require parking. 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 air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system. 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, 3500 South Emerald Avenue sold most recently in Oct 25, 2021 for a total of $647,000. If you work out the math, that's approximately a cost of $119.15 per sqft. Before that, the property was also sold for $155,000 in Mar 20, 2001. 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 $10,490 in taxes each year. 3500 South Emerald Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $51,000. If we break it down further, the land itself was valued at $13,094. Improvements to the property, however, were assessed at a total of $37,906. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 6
  • Bathroom Count: 8
  • Full Bathrooms: 6
  • Partial Bathrooms: 8
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 6
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,976
  • Total Building Area: 5,430
  • Gross Building Area: 5,430
  • Building Area: 5,430
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 5,430
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HAMBURG BEING SAMUEL GEHRS SUB OF BL
  • Land Acres: 0.068
  • Standard Land Use Code: Misc Residential improvement

Ownership

  • Current Owner : EAGLE VISION INVESTMENTS LLC
  • Previous Owner : LEVY PAUL
  • Previous Owner 2: LEVY NINA
  • Owner Before Previous Owner: CHICAGO TITLE LAND TRUST COMPANY
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 842600

Zoning

  • Zoning: B3-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 76
  • Parcel: 17-33-300-025-0000
  • Block: 4
  • Lot: 1
  • Meridian: SEC 33 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8306
  • Longitude: -87.6452

    Address

  • Full Address: 3500 S Emerald Ave
  • Address - House Number: 3500
  • Street Direction: S
  • Address - Street Name: Emerald
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Zip Code: 60609

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,490
  • Tax Rate Code Area: 76050

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $422,000
  • First Open Lien Mortgage Lender: CATHY BANK
  • First Open Lien Mortgage Recording Date: Nov 05, 2021
  • First Open Lien Mortgage Loan Amount: $422,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2031

    Market Valuation

  • Market Total Value: $510,000
  • Market Land Value: $130,940
  • Market Improvement Value: $379,060

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $51,000
  • Assessed Land Value: $13,094
  • Assessed Improvements Value: $37,906

    Sales

  • Current Sale Contract Date: Oct 25, 2021
  • Current Sale Recording Date: Nov 05, 2021
  • Current Sale Transaction ID: 11864705268
  • Current Sale Price: $647,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2130925012
  • Previous Sale Recording Date: Oct 05, 2001
  • Previous Sale Contract Date: Mar 20, 2001
  • Previous Sale Amount: $155,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CATHY BANK
  • First Mortgage Transaction Date: Nov 05, 2021
  • First Mortgage Loan Amount: $422,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Nov 01, 2031

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Frequently Asked Questions

What neighborhood is 3500 South Emerald Avenue located in?
The 3500 South Emerald Avenue is a located in the neighborhood of Bridgeport in Southwest Side, Chicago.
What is the average sales price for listings in 3500 South Emerald Avenue?
The average sales price for units in 3500 South Emerald Avenue is $0 currently.

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