Check Availability

449 North Ridgeway Avenue

449 North Ridgeway Avenue, Chicago, IL 60624
Multifamily in East Garfield Park
Sold Jan 08, 2021
$325,000
$319,113 by The Federal Savings Bank
Mortgage Due Dec 01, 2050
Sold Dec 04, 2018
$80,000
449 North Ridgeway 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 11 rooms. 6 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 449 North Ridgeway Avenue has 2,375 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,250 ft and across the front of the lot is 250 ft. The area measurement of the land has been determined as 3,125 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 frame 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 asphalt. The exterior walls of the building are made of wood. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 449 North Ridgeway Avenue sold most recently in Nov 2, 2020 for a total of $325,000. If you work out the math, that's approximately a cost of $136.84 per sqft. Before that, the property was also sold for $80,000 in Oct 30, 2018. 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 $1,748 in taxes each year. 449 North Ridgeway Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $8,500. If we break it down further, the land itself was valued at $3,672. Improvements to the property, however, were assessed at a total of $4,828. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

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: 11
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,125
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 2,375
  • Gross Building Area: 2,375
  • Building Area: 2,375
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,375
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: DIVENS SUB
  • Land Acres: 0.072
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (DIVENS) SUB OF BLKS 12 & 14 OF W J MORTONS SUB EH NW SEC 11-39-13

Ownership

  • Current Owner : WESLEY YVETTE
  • Current Owner 2: WESLEY MAKEBA L
  • Previous Owner : SUMBA ELSA
  • Owner Before Previous Owner: FEDERAL NATIONAL MORTGAGE ASSOCIATION
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 231500

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 16-11-131-008-0000
  • Block: 12,14
  • Lot: 42
  • Meridian: SEC 11 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8895
  • Longitude: -87.7195

    Address

  • Full Address: 449 N Ridgeway Ave
  • Address - House Number: 449
  • Street Direction: N
  • Address - Street Name: Ridgeway
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C038
  • 4-Digit Zip Code: 1231
  • Zip Code: 60624

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,748
  • Tax Rate Code Area: 77052

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 302,106
  • High Value: 379,299
  • Low Value: 224,912

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $319,113
  • First Open Lien Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Jan 08, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $319,113
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2050

    Market Valuation

  • Market Total Value: $85,000
  • Market Land Value: $36,720
  • Market Improvement Value: $48,280

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,500
  • Assessed Land Value: $3,672
  • Assessed Improvements Value: $4,828

    Sales

  • Current Sale Contract Date: Nov 02, 2020
  • Current Sale Recording Date: Jan 08, 2021
  • Current Sale Transaction ID: 11811912625
  • Current Sale Price: $325,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2100855368
  • Previous Sale Recording Date: Dec 04, 2018
  • Previous Sale Contract Date: Oct 30, 2018
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Mortgage Transaction Date: Jan 08, 2021
  • First Mortgage Loan Amount: $319,113
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Dec 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

About West Side



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 1742 North Humboldt Boulevard, CHICAGO, IL, 60647

$1,095 /mo

  • Studio
  • 1 Bath
1742 North Humboldt Boulevard #309, CHICAGO, IL, 60647 Listing by Funsho Macaulay
Unit for rent at 1850 N. Humboldt, Chicago, IL, 60647

$1,150 /mo

  • Studio
  • 1 Bath
  • 389 ft²
1850 N. Humboldt #1850 N. Humboldt #103, Chicago, IL, 60647 Listing by Manager
Unit for rent at 1627 N. Humboldt, Chicago, IL, 60647

$1,150 /mo

  • Studio
  • 1 Bath
  • 321 ft²
1627 N. Humboldt #1627 N. Humboldt #3G, Chicago, IL, 60647 Listing by Manager
Unit for rent at 2100 Blk Of Spaulding Ave., Chicago, IL, 60647

$1,025 /mo

  • 1 Bed
  • 1 Bath
2100 Blk Of Spaulding Ave., Chicago, IL, 60647 Listing by Manager
Unit for rent at 1627 N. Humboldt Boulevard, Unit G-9, Chicago, IL, 60647

$1,145 /mo

  • Studio
  • 1 Bath
  • 341 ft²
1627 N. Humboldt Boulevard #Fantastic Humboldt Park Studio, 1 Bath (45 per month), Unit G-9, Chicago, IL, 60647 Listing by City Flats Chicago
Unit for rent at 1501-1503 N. Kolin/4316-4322 W. Lemoyne, Chicago, IL, 60651

$1,150 /mo

  • 1 Bed
  • 1 Bath
  • 800 ft²
1501-1503 N. Kolin/4316-4322 W. Lemoyne #1503 N. Kolin #1, Chicago, IL, 60651 Listing by Manager

Frequently Asked Questions

What neighborhood is 449 North Ridgeway Avenue located in?
The 449 North Ridgeway Avenue is a multifamily located in the neighborhood of East Garfield Park in West Side, Chicago.
What is the average sales price for listings in 449 North Ridgeway Avenue?
The average sales price for units in 449 North Ridgeway Avenue is $0 currently.

Quantcast