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3541 West Walnut Street

3541 West Walnut Street, Chicago, IL 60624
Sold Nov 08, 2017
$205,000
$212,105 by Neighborhood Lending Services
Mortgage Due Dec 01, 2047
Sold Sep 09, 2015
$80,000
$100,000 by Lendinghome Funding Corp
Mortgage
Local assessors in Chicago, IL have categorized 3541 West Walnut Street as a residential type of property. The home was built in 1927 and is 97 years old. The property's lot size has been calculated to be 2,400 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 7 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 2 full bathrooms. There are also 2 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 3541 West Walnut Street has a total of 2,456 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 frame 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 asphalt. Lots of wood 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 heating system is the primary heating source. The property was last sold in Oct 10, 2017 for $205,000. That's $83.47 per sqft. Prior to that sales transaction, the property was also sold in Aug 5, 2015 for $80,000. 3541 West Walnut Street was last assessed in 2023. The total value of the property was assessed at $20,000. Specifically, the land the property is located on was valued at $2,820. While improvements on the property were assessed at a total of $17,180. 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 $3,422. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 3
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,400
  • Total Building Area: 2,456
  • Gross Building Area: 2,456
  • Building Area: 2,456
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,456
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DOWNS & BIELENBERGS ADD
  • Land Acres: 0.055
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : VARGAS LETICIA
  • Previous Owner : TROTTER DAVID
  • Previous Owner 2: TROTTER DAVID
  • Owner Before Previous Owner: VANDERBILT MORTGAGE & FINANCE INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 836800

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 16-11-409-003-0000
  • Lot: 29
  • Meridian: SEC 11 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8853
  • Longitude: -87.7152

    Address

  • Full Address: 3541 W Walnut St
  • Address - House Number: 3541
  • Street Direction: W
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C049
  • 4-Digit Zip Code: 1934
  • Zip Code: 60624

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,422
  • Tax Rate Code Area: 77121

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 358,615
  • High Value: 450,248
  • Low Value: 266,981

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $246,955
  • First Open Lien Mortgage Lender: NEIGHBORHOOD LENDING SERVICES
  • First Open Lien Mortgage Recording Date: Nov 08, 2017
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $212,105
  • 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: Dec 01, 2047
  • Second Open Lien Mortgage Lender: TRP LENDING LLC
  • Second Open Lien Mortgage Recording Date: Nov 08, 2017
  • Second Open Lien Mortgage Financing Type: Fixed Rate
  • Second Open Lien Mortgage Loan Amount: $34,850
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second
  • Second Open Lien Mortgage Loan Due Date: Dec 01, 2047

    Market Valuation

  • Market Total Value: $200,000
  • Market Land Value: $28,200
  • Market Improvement Value: $171,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,000
  • Assessed Land Value: $2,820
  • Assessed Improvements Value: $17,180

    Sales

  • Current Sale Contract Date: Oct 10, 2017
  • Current Sale Recording Date: Nov 08, 2017
  • Current Sale Transaction ID: 11291440316
  • Current Sale Price: $205,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1731246031
  • Previous Sale Recording Date: Sep 09, 2015
  • Previous Sale Contract Date: Aug 05, 2015
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEIGHBORHOOD LENDING SERVICES
  • First Mortgage Transaction Date: Nov 08, 2017
  • First Mortgage Loan Amount: $212,105
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2047

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: LENDINGHOME FUNDING CORP
  • Previous Mortgage Transaction Date: Sep 09, 2015
  • Previous Mortgage Loan Amount: $100,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

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Frequently Asked Questions

What neighborhood is 3541 West Walnut Street located in?
The 3541 West Walnut Street is a located in the neighborhood of East Garfield Park in West Side, Chicago.
What is the average sales price for listings in 3541 West Walnut Street?
The average sales price for units in 3541 West Walnut Street is $0 currently.

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