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3948 South Western Avenue

3948 South Western Avenue, Chicago, IL 60609
Multifamily in Brighton Park
Sold Oct 28, 2020
$217,000
$100,000 by Citibank Na
Mortgage Due Oct 01, 2035
Sold Feb 06, 2019
$82,000
3948 South Western 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 1895 and is 129 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 3948 South Western Avenue has 1,764 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 2,732 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 detached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. 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 tar and gravel. 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. The property was last sold in Sep 24, 2020 for $217,000. That's $123.02 per sqft. Prior to that sales transaction, the property was also sold in Jan 17, 2019 for $82,000. 3948 South Western Avenue was last assessed in 2022. The total value of the property was assessed at $14,000. Specifically, the land the property is located on was valued at $2,732. While improvements on the property were assessed at a total of $11,268. 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 $2,188. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1895
  • Effective Year Built: 1895
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • 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: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 2,732
  • Total Building Area: 1,764
  • Gross Building Area: 1,764
  • Building Area: 1,764
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 1,764
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TOLMAN & LONDELIUS
  • Land Acres: 0.063
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (TOLMAN) & (LONDELIUS) SUB OF LTS 1-5 IN KNEFEL & COS SUB OF LT 3 IN KERFOOTS SUB OF. NH NE NE SEC 01-38-13

Ownership

  • Current Owner : RUAN JIANJUN
  • Current Owner 2: RUAN JIANCONG
  • Previous Owner : QIU HUIQUAN
  • Owner Before Previous Owner: MTGLQ INVESTORS LP
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 580700

Zoning

  • Zoning: B3-1

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 19-01-215-092-0000
  • Block: 1
  • Lot: 1-5
  • Meridian: SEC 01 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.8215
  • Longitude: -87.6854

    Address

  • Full Address: 3948 S Western Ave
  • Address - House Number: 3948
  • Street Direction: S
  • Address - Street Name: Western
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C041
  • 4-Digit Zip Code: 2226
  • Zip Code: 60609

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,188
  • Tax Rate Code Area: 72162

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $100,000
  • First Open Lien Mortgage Lender: CITIBANK NA
  • First Open Lien Mortgage Recording Date: Oct 28, 2020
  • First Open Lien Mortgage Loan Amount: $100,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2035

    Market Valuation

  • Market Total Value: $140,000
  • Market Land Value: $27,320
  • Market Improvement Value: $112,680

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $14,000
  • Assessed Land Value: $2,732
  • Assessed Improvements Value: $11,268

    Sales

  • Current Sale Contract Date: Sep 24, 2020
  • Current Sale Recording Date: Oct 28, 2020
  • Current Sale Transaction ID: 11795084325
  • Current Sale Price: $217,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2030241055
  • Previous Sale Recording Date: Feb 06, 2019
  • Previous Sale Contract Date: Jan 17, 2019
  • Previous Sale Amount: $82,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK NA
  • First Mortgage Transaction Date: Oct 28, 2020
  • First Mortgage Loan Amount: $100,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2035

About Southwest Side



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Frequently Asked Questions

What neighborhood is 3948 South Western Avenue located in?
The 3948 South Western Avenue is a multifamily located in the neighborhood of Brighton Park in Southwest Side, Chicago.
What is the average sales price for listings in 3948 South Western Avenue?
The average sales price for units in 3948 South Western Avenue is $0 currently.

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