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3728 South Honore Street

3728 South Honore Street, Chicago, IL 60609
Property in McKinley Park
Sold May 12, 2021
$505,000
$560,000 by Crf Small Business Loan Compan
Mortgage
Sold Oct 22, 2020
$218,000
Buyer
Local assessors in Chicago, IL have categorized 3728 South Honore 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 6,000 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bungalow style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 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 is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3728 South Honore Street has a total of 1,433 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 asphalt. 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 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, 3728 South Honore Street sold most recently in Apr 14, 2021 for a total of $505,000. If you work out the math, that's approximately a cost of $352.41 per sqft. Before that, the property was also sold for $218,000 in Aug 24, 2020. 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 $7,982 in taxes each year. 3728 South Honore Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $38,589. If we break it down further, the land itself was valued at $15,000. Improvements to the property, however, were assessed at a total of $23,589. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 1,433
  • Gross Building Area: 1,433
  • Building Area: 1,433
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,433
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CANAL TRUSTEES SUB
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (SUBDIVISION) OF BLK31 IN CANAL TRUSTEES SUB OF EH SEC 31-39-14

Ownership

  • Current Owner : CARLSON ERIC
  • Current Owner 2: RIVERA MARIA A
  • Previous Owner : ZHU JENNY
  • Owner Before Previous Owner: MARQUETTE BANK
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 590600

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 76
  • Parcel: 17-31-418-048-0000
  • Block: 31
  • Lot: 60,61
  • Meridian: SEC 31 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8259
  • Longitude: -87.6718

    Address

  • Full Address: 3728 S Honore St
  • Address - House Number: 3728
  • Street Direction: S
  • Address - Street Name: Honore
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C004
  • 4-Digit Zip Code: 2035
  • Zip Code: 60609

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,982
  • Tax Rate Code Area: 76007

    Appraisal Valuation

  • Standard Deviation: 0.2362
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 528,594
  • High Value: 653,497
  • Low Value: 403,690

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $560,000
  • First Open Lien Mortgage Lender: CRF SMALL BUSINESS LOAN COMPAN
  • First Open Lien Mortgage Recording Date: Oct 30, 2023
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $560,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: SBA Participation Trust Deed

    Market Valuation

  • Market Total Value: $385,890
  • Market Land Value: $150,000
  • Market Improvement Value: $235,890

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,589
  • Assessed Land Value: $15,000
  • Assessed Improvements Value: $23,589

    Sales

  • Current Sale Contract Date: Apr 14, 2021
  • Current Sale Recording Date: May 12, 2021
  • Current Sale Transaction ID: 11834960204
  • Current Sale Price: $505,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2113213000
  • Previous Sale Recording Date: Oct 22, 2020
  • Previous Sale Contract Date: Aug 24, 2020
  • Previous Sale Amount: $218,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOANDEPOT.COM LLC
  • First Mortgage Transaction Date: May 12, 2021
  • First Mortgage Loan Amount: $479,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Financing

  • First Mortgage Financing Type: Unknown

About Southwest Side



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Frequently Asked Questions

What neighborhood is 3728 South Honore Street located in?
The 3728 South Honore Street is a located in the neighborhood of McKinley Park in Southwest Side, Chicago.
What is the average sales price for listings in 3728 South Honore Street?
The average sales price for units in 3728 South Honore Street is $0 currently.

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