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3962 West Grand Avenue

3962 West Grand Avenue, Chicago, IL 60651
Commercial in Humboldt Park
Sold Dec 11, 2014
$255,000
$495,000 by Lakeside Bank
Mortgage Due May 23, 2024
Sold Jul 30, 2014
Transfer
Local assessors in Chicago, IL have categorized 3962 West Grand Avenue as a residential type of property. The home was built in 1915 and is 109 years old. The property's lot size has been calculated to be 4,022 square feet. The linear feet between the front and back of the lot was measured at 850 ft and the front of the lot was measured at 480 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 17 rooms in the home. Of these, 6 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 are 2 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3962 West Grand Avenue has a total of 4,022 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 no garage for those who need a place to park their vehicle. 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 tar and gravel. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 3962 West Grand Avenue was last sold in Nov 19, 2014 for $255,000. According to our calculations, that's $63.40 per sqft. Current property owners are expected to pay $6,993 in taxes per year. The property on 3962 West Grand Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $34,000. To break that down further, the land itself was valued at $4,826. While improvements to the property were assessed at a total of $29,174. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can 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: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Total Rooms: 17
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 2
  • Partial Bathrooms: 4
  • 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: 5
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,022
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 480
  • Total Building Area: 4,022
  • Gross Building Area: 4,022
  • Building Area: 4,022
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 4,022
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HOSMER & MACKEYS
  • Land Acres: 0.092
  • Standard Land Use Code: Misc Residential improvement
  • Legal Description 1: (HOSMER) & (MACKEYS) SUB OF BLKS 1-6 12-16 IN SEYMOUR S ESTATE SUB WH NW SEC 02-39-13

Ownership

  • Current Owner : GIL JONATHAN
  • Previous Owner : JEFF BV COMMERCIAL LLC
  • Owner Before Previous Owner: 3962 W GRAND AVE LLC

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 230700

Zoning

  • Zoning: C1-1

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 16-02-108-040-0000
  • Block: 1-6
  • Lot: 25,26
  • Meridian: SEC 02 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.9063
  • Longitude: -87.7262

    Address

  • Full Address: 3962 W Grand Ave
  • Address - House Number: 3962
  • Street Direction: W
  • Address - Street Name: Grand
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C024
  • 4-Digit Zip Code: 2014
  • Zip Code: 60651

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,993
  • Tax Rate Code Area: 77028

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $495,000
  • First Open Lien Mortgage Lender: LAKESIDE BANK
  • First Open Lien Mortgage Recording Date: May 30, 2019
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $495,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: May 23, 2024

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $48,260
  • Market Improvement Value: $291,740

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $34,000
  • Assessed Land Value: $4,826
  • Assessed Improvements Value: $29,174

    Sales

  • Current Sale Contract Date: Nov 19, 2014
  • Current Sale Recording Date: Dec 11, 2014
  • Current Sale Transaction ID: 1041875035
  • Current Sale Price: $255,000
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 1434518046
  • Previous Sale Recording Date: Jul 30, 2014
  • Previous Sale Contract Date: Jun 16, 2014
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: MILLENNIUM TRUST COMPANY LLC
  • First Mortgage Transaction Date: Dec 11, 2014
  • First Mortgage Loan Amount: $210,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Northwest Side



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Frequently Asked Questions

What neighborhood is 3962 West Grand Avenue located in?
The 3962 West Grand Avenue is a commercial located in the neighborhood of Humboldt Park in Northwest Side, Chicago.
What is the average sales price for listings in 3962 West Grand Avenue?
The average sales price for units in 3962 West Grand Avenue is $0 currently.

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