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440 North Racine Avenue

440 North Racine Avenue, Chicago, IL 60642
Property in Fulton Market
Sold Oct 10, 2014
$925,000
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440 North Racine 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 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 440 North Racine Avenue has 4,797 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 2,625 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 no garage for those who require parking. 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 central air conditioning at the moment. In terms of heating, it is utilizing a heating system. 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, 440 North Racine Avenue was last sold in Oct 3, 2014 for $925,000. According to our calculations, that's $192.83 per sqft. Current property owners are expected to pay $16,866 in taxes per year. The property on 440 North Racine Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $82,000. To break that down further, the land itself was valued at $15,750. While improvements to the property were assessed at a total of $66,250. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

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: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • 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: 4
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,625
  • Total Building Area: 4,797
  • Gross Building Area: 4,797
  • Building Area: 4,797
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 4,797
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUBDIVISION OF BLKS2-3 IN SUB OF LT E
  • Land Acres: 0.06
  • Standard Land Use Code: Misc Residential improvement
  • Legal Description 1: (SUBDIVISION) OF BLKS2-3 IN SUB OF LT E OF CIRCUIT COURT PARTN OF NW SEC 08-39-14

Ownership

  • Current Owner : 20 CS LLC
  • Previous Owner : BASSI JAMES
  • Previous Owner 2: BASSI JAMES O
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 243400

Zoning

  • Zoning: C1-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 17-08-134-037-0000
  • Block: 2,3
  • Lot: 13
  • Meridian: SEC 08 TWN 39N RNG 14E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8901
  • Longitude: -87.6577

    Address

  • Full Address: 440 N Racine Ave
  • Address - House Number: 440
  • Street Direction: N
  • Address - Street Name: Racine
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C003
  • 4-Digit Zip Code: 5840
  • Zip Code: 60642

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,866
  • Tax Rate Code Area: 77001

    Market Valuation

  • Market Total Value: $820,000
  • Market Land Value: $157,500
  • Market Improvement Value: $662,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $82,000
  • Assessed Land Value: $15,750
  • Assessed Improvements Value: $66,250

    Sales

  • Current Sale Contract Date: Oct 03, 2014
  • Current Sale Recording Date: Oct 10, 2014
  • Current Sale Transaction ID: 1177330807
  • Current Sale Price: $925,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1428319045

    Last Sale Mortgage

  • First Mortgage Lender: BELMONT BANK & TRUST COMPANY
  • First Mortgage Transaction Date: Oct 10, 2014
  • First Mortgage Loan Amount: $712,500
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Oct 07, 2019

    Financing

  • First Mortgage Financing Type: Unknown

About West Side



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Frequently Asked Questions

What neighborhood is 440 North Racine Avenue located in?
The 440 North Racine Avenue is a located in the neighborhood of Fulton Market in West Side, Chicago.
What is the average sales price for listings in 440 North Racine Avenue?
The average sales price for units in 440 North Racine Avenue is $0 currently.

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