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3837 Chicago Avenue

3837 Chicago Avenue, Minneapolis, MN 55407
Property in Bancroft
Sold Dec 30, 2021
$239,900
$232,703 by Luminate Home Loans Inc
Mortgage Due Jan 01, 2052
Sold Mar 23, 2018
$120,000
$96,000 by Cu Mortgage Services Inc
Mortgage Due Mar 01, 2048
Local assessors in Minneapolis, MN have categorized 3837 Chicago Avenue as a residential type of property. The home was built in 1912 and is 112 years old. The property's lot size has been calculated to be 5,227 square feet. The linear feet between the front and back of the lot was measured at 1,220 ft and the front of the lot was measured at 430 ft. 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, 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 3837 Chicago Avenue has a total of 1,560 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 is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. 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 wood 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 gable style roof that was made of asphalt. Lots of stucco were used in the construction of the exterior walls of the home. The home's a gravity heating system is the primary heating source. The property was last sold in Dec 15, 2021 for $239,900. That's $153.78 per sqft. Prior to that sales transaction, the property was also sold in Feb 23, 2018 for $120,000. 3837 Chicago Avenue was last assessed in 2022. The total value of the property was assessed at $242,000. Specifically, the land the property is located on was valued at $87,000. While improvements on the property were assessed at a total of $155,000. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $3,140. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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: 1912
  • Effective Year Built: 1912
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 960
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,227
  • Lot Size Depth Feet: 1,220
  • Lot Size Frontage Feet: 430
  • Total Building Area: 1,560
  • Building Area: 1,560
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Gravity
  • Heated Square Feet: 1,560
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHICAGO AVE PARK
  • Land Acres: 0.12
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 019 004 CHICAGO AVE PARK 43.00 X 122.00

Ownership

  • Current Owner : OLSON MICHAEL PAUL
  • Previous Owner : MAYOTTE MATTHEW A
  • Owner Before Previous Owner: LAMPI CHERRY
  • Owner Before Previous Owner 2: LAMPI GLENN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 009600

Zoning

  • Zoning: R2B

Geography

  • Assessors Map Reference: MB:14580
  • District: 01
  • Parcel: 11-028-24-21-0103
  • Block: 4
  • Lot: 19
  • Meridian: SEC 11 QTR 21 TWN 028 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.933
  • Longitude: -93.2622

    Address

  • Full Address: 3837 Chicago Ave
  • Address - House Number: 3837
  • Address - Street Name: Chicago
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C020
  • 4-Digit Zip Code: 2612
  • Zip Code: 55407

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,140

    Appraisal Valuation

  • Standard Deviation: 0.1636
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 255,662
  • High Value: 297,506
  • Low Value: 213,818

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $232,703
  • First Open Lien Mortgage Lender: LUMINATE HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Dec 30, 2021
  • First Open Lien Mortgage Loan Amount: $232,703
  • 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: Jan 01, 2052

    Market Valuation

  • Market Total Value: $242,000
  • Market Land Value: $87,000
  • Market Improvement Value: $155,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $242,000
  • Assessed Land Value: $87,000
  • Assessed Improvements Value: $155,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 15, 2021
  • Current Sale Recording Date: Dec 30, 2021
  • Current Sale Transaction ID: 11877225398
  • Current Sale Price: $239,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A11062351
  • Previous Sale Recording Date: Mar 23, 2018
  • Previous Sale Contract Date: Feb 23, 2018
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LUMINATE HOME LOANS INC
  • First Mortgage Transaction Date: Dec 30, 2021
  • First Mortgage Loan Amount: $232,703
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: CU MORTGAGE SERVICES INC
  • Previous Mortgage Transaction Date: Mar 23, 2018
  • Previous Mortgage Loan Amount: $96,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Mar 01, 2048

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Frequently Asked Questions

What neighborhood is 3837 Chicago Avenue located in?
The 3837 Chicago Avenue is a located in the neighborhood of Bancroft in Powderhorn, Minneapolis.
What is the average sales price for listings in 3837 Chicago Avenue?
The average sales price for units in 3837 Chicago Avenue is $0 currently.

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