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3949 West Lake Street

3949 West Lake Street, Chicago, IL 60624
Commercial in East Garfield Park
3949 West Lake Street has been categorized by the local assessors in Chicago, IL as a commercial type of property. The area measurement of the land has been determined as 5,339 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The property was last sold in Apr 14, 2021 for $180,000. Prior to that sales transaction, the property was also sold in Aug 1, 1995 for $100,000. 3949 West Lake Street was last assessed in 2023. The total value of the property was assessed at $51,988. Specifically, the land the property is located on was valued at $10,356. While improvements on the property were assessed at a total of $41,632. 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 $0. 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.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210120
01/20/2021
Loft
-
-
$625,000
bedrooms
Loft
bathrooms
-
$180,000 -71.20%
04/20/2021
-
Kourtney McGhee
Chicagoland Brokers Inc.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,339
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: HOUSTONS
  • Land Acres: 0.123
  • Standard Land Use Code: Commercial building

Ownership

  • Current Owner : KLT INVESTMENT LLC
  • Previous Owner : TRUE WAY OF LIFE M B CHURCH
  • Owner Before Previous Owner: DAVIS CLIFF
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 260100

Zoning

  • Zoning: B3-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 16-11-305-003-0000
  • Lot: 4,5
  • Municipality: WEST CHICAGO
  • Latitude: 41.8852
  • Longitude: -87.7253

    Address

  • Full Address: 3949 W Lake St
  • Address - House Number: 3949
  • Street Direction: W
  • Address - Street Name: Lake
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C052
  • 4-Digit Zip Code: 1842
  • Zip Code: 60624

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $0

    Market Valuation

  • Market Total Value: $207,952
  • Market Land Value: $41,424
  • Market Improvement Value: $166,528

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $51,988
  • Assessed Land Value: $10,356
  • Assessed Improvements Value: $41,632

    Sales

  • Current Sale Contract Date: Apr 14, 2021
  • Current Sale Recording Date: Apr 20, 2021
  • Current Sale Transaction ID: 11832491265
  • Current Sale Price: $180,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2111012434
  • Previous Sale Recording Date: Aug 17, 1995
  • Previous Sale Contract Date: Aug 01, 1995
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NOT AVAILABLE
  • First Mortgage Transaction Date: Apr 20, 2021
  • First Mortgage Loan Amount: $8,000
  • First Mortgage Terms: 18
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Nov 15, 2022

    Previous Mortgages

  • Previous Mortgage Lender: CHICAGO TITLE & TRUST COMPANY
  • Previous Mortgage Transaction Date: Aug 17, 1995
  • Previous Mortgage Loan Amount: $86,000
  • Previous Mortgage Term: 151
  • Previous Mortgage Loan Due Date: Apr 01, 2008

About West Side



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Frequently Asked Questions

What neighborhood is 3949 West Lake Street located in?
The 3949 West Lake Street is a commercial located in the neighborhood of East Garfield Park in West Side, Chicago.
What is the average sales price for listings in 3949 West Lake Street?
The average sales price for units in 3949 West Lake Street is $100 currently.

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