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4445 North Spaulding Avenue

4445 North Spaulding Avenue, Chicago, IL 60625
Multifamily in Albany Park
Sold Jun 07, 2019
$445,000
$364,360 by M I E Financial Inc
Mortgage Due Nov 01, 2051
Local assessors in Chicago, IL have categorized 4445 North Spaulding Avenue as a residential type of property. The home was built in 1910 and is 114 years old. The property's lot size has been calculated to be 3,750 square feet. 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 7 rooms in the home. Of these, 4 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 2 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 4445 North Spaulding Avenue has a total of 2,254 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 are 2 available parking spaces so it's a great situation for those with more than one car. 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 asphalt. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 4445 North Spaulding Avenue sold most recently in May 30, 2019 for a total of $445,000. If you work out the math, that's approximately a cost of $197.43 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,685 in taxes each year. 4445 North Spaulding Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $37,232. If we break it down further, the land itself was valued at $10,500. Improvements to the property, however, were assessed at a total of $26,732. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 7
  • 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: Asphalt
  • 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: 3,750
  • Total Building Area: 2,254
  • Gross Building Area: 2,254
  • Building Area: 2,254
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,254
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NORTH WEST LAND
  • Land Acres: 0.086
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (NORTH)(WEST)(LAND) ASSN SUB OF S 665.6 FT OF EH NE SEC 14-40-13

Ownership

  • Current Owner : PESTELL DAVID
  • Previous Owner : KEL INVESTMENTS LLC

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 140702

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-14-227-005-0000
  • Block: 2
  • Lot: 36
  • Meridian: SEC 14 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9625
  • Longitude: -87.7104

    Address

  • Full Address: 4445 N Spaulding Ave
  • Address - House Number: 4445
  • Street Direction: N
  • Address - Street Name: Spaulding
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C028
  • 4-Digit Zip Code: 5405
  • Zip Code: 60625

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,685
  • Tax Rate Code Area: 71128

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 477,093
  • High Value: 549,103
  • Low Value: 405,082

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $364,360
  • First Open Lien Mortgage Lender: M I E FINANCIAL INC
  • First Open Lien Mortgage Recording Date: Oct 14, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $364,360
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $372,320
  • Market Land Value: $105,000
  • Market Improvement Value: $267,320

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,232
  • Assessed Land Value: $10,500
  • Assessed Improvements Value: $26,732

    Sales

  • Current Sale Contract Date: May 30, 2019
  • Current Sale Recording Date: Jun 07, 2019
  • Current Sale Transaction ID: 11612195844
  • Current Sale Price: $445,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1915833210

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Jun 07, 2019
  • First Mortgage Loan Amount: $356,445
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2049

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Northwest Side



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Frequently Asked Questions

What neighborhood is 4445 North Spaulding Avenue located in?
The 4445 North Spaulding Avenue is a multifamily located in the neighborhood of Albany Park in Northwest Side, Chicago.
What is the average sales price for listings in 4445 North Spaulding Avenue?
The average sales price for units in 4445 North Spaulding Avenue is $0 currently.

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