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3578 West Palmer Street

3578 West Palmer Street, Chicago, IL 60647
Property in Logan Square
Sold Dec 16, 2003
$307,000
$245,600 by Washtenaw Mortgage Co
Mortgage Due Dec 01, 2033
Sold Aug 14, 2003
Transfer
3578 West Palmer Street in Chicago, IL was first built in 1925 and is 99 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 7 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 3578 West Palmer Street has 3,058 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. In total, the area measurement of the land is 3,150 square feet.

Learn more about the property and building on this page. The roof of the home is made of tar and gravel. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. 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 air conditioning. As for heating, the home is utilizing a 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, 3578 West Palmer Street sold most recently in Nov 10, 2003 for a total of $307,000. If you work out the math, that's approximately a cost of $100.39 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 $10,233 in taxes each year. 3578 West Palmer Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $53,000. If we break it down further, the land itself was valued at $9,450. Improvements to the property, however, were assessed at a total of $43,550. 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. 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.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: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,150
  • Total Building Area: 3,058
  • Gross Building Area: 3,058
  • Building Area: 3,058
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 3,058
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUBDIVISION OF NH OF W1/3 OF NE SEC 35
  • Land Acres: 0.072
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (SUBDIVISION) OF NH OF W1/3 OF NE SEC 35-40-13

Ownership

  • Current Owner : MORALES LUCIA
  • Previous Owner : EMC MORTGAGE CORP
  • Owner Before Previous Owner: TORRES ROBERT
  • Owner Before Previous Owner 2: SANCHEZ JOAQUIN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 221000

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-35-212-012-0000
  • Lot: 21
  • Meridian: SEC 35 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9212
  • Longitude: -87.7166

    Address

  • Full Address: 3578 W Palmer St
  • Address - House Number: 3578
  • Street Direction: W
  • Address - Street Name: Palmer
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C050
  • 4-Digit Zip Code: 3534
  • Zip Code: 60647

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,233
  • Tax Rate Code Area: 71163

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 520,772
  • High Value: 653,839
  • Low Value: 387,704

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $395,600
  • First Open Lien Mortgage Lender: WASHTENAW MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Dec 16, 2003
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $245,600
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2033
  • Second Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • Second Open Lien Mortgage Recording Date: Mar 29, 2006
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $150,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Mar 04, 2036

    Market Valuation

  • Market Total Value: $530,000
  • Market Land Value: $94,500
  • Market Improvement Value: $435,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $53,000
  • Assessed Land Value: $9,450
  • Assessed Improvements Value: $43,550

    Sales

  • Current Sale Contract Date: Nov 10, 2003
  • Current Sale Recording Date: Dec 16, 2003
  • Current Sale Transaction ID: 1176702882
  • Current Sale Price: $307,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 0335014033
  • Previous Sale Recording Date: Aug 14, 2003
  • Previous Sale Contract Date: Aug 06, 2003
  • Previous Sale Document Type: Legal Action/Court Order

    Last Sale Mortgage

  • First Mortgage Lender: WASHTENAW MORTGAGE CO
  • First Mortgage Transaction Date: Dec 16, 2003
  • First Mortgage Loan Amount: $245,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Dec 01, 2033

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 3578 West Palmer Street located in?
The 3578 West Palmer Street is a located in the neighborhood of Logan Square in Northwest Side, Chicago.
What is the average sales price for listings in 3578 West Palmer Street?
The average sales price for units in 3578 West Palmer Street is $0 currently.

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