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Chicago 60641 Old Irving Park
4638 W PATTERSON Avenue
$478,000
● House - Off Market

4638 W PATTERSON Avenue

Chicago, IL 60641
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,659 Ft²
$447,479
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

This beautiful 4 BEDROOM, 3 BATHROOM home sits on a tree lined street in PORTAGE PARK. The inviting living room and dinning space boast NEW HARDWOOD FLOORS. The large kitchen has mocha cabinets, granite counter tops, bar space, and a large pantry. The huge primary bedroom has a WALK IN CLOSET. The basement was recently refinished with an additional bedroom, bathroom, and family room. The FENCED IN backyard has a new TREX DECK, BRICK PATIO, and yard space. The 2 CAR DETACHED GARAGE has a new foundation and an extra room for storage. So many improvements in this home which include: BLINDS Throughout, CHICAGO CLOSET WORKS SYSTEMS throughout, SUMP PUMP & DRAIN TILE (2019), WATER HEATER (2018), and NEWER WINDOWS.
Unit Size
1,659 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$271
Property Type
House
Property Taxes
$516
HOA Dues
-
Year Built
1924

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11848318)

Price History

Date / Event Date Event Price
Aug 28, 2023 Sold
Premium
Sold
Aug 2, 2023 Listed by Dream Town Real Estate $450,000
Listed by Dream Town Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 63
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,750
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,659
  • Gross Building Area: 1,659
  • Building Area: 1,659
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,659
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GRAYLAND SUB
  • Land Acres: 0000000086
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05
  • Legal Description 1: (RESUBDIVISION) OF LTS 21-25 OF BLK 2 IN L E CRANDALL S GRAYLAND SUB OF BLKS 15-17 IN GRAYLAND SUB IN NW SEC 22-40-13

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 831700

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-22-122-028-0000
  • Block: 2,15-
  • Lot: 21-25
  • Meridian: SEC 22 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9473
  • Longitude: -87.7441

    Address

  • Full Address: 4638 W Patterson Ave
  • Address - House Number: 4638
  • Street Direction: W
  • Address - Street Name: Patterson
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C017
  • 4-Digit Zip Code: 3609
  • Zip Code: 60641

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $631,564
  • Tax Rate Code Area: 71130

    Appraisal Valuation

  • Standard Deviation: 0.2299
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 462,143
  • High Value: 568,396
  • Low Value: 355,890

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $93,750
  • Market Improvement Value: $246,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $9,375
  • Assessed Improvements Value: $24,625

    Sales

  • Current Sale Contract Date: Aug 17, 2023
  • Current Sale Recording Date: Sep 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 45044
  • Previous Sale Recording Date: Dec 19, 2018
  • Previous Sale Contract Date: Dec 06, 2018
  • Previous Sale Amount: $342,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Northwest Side

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$285

Above Asking

0.00%

Average Days on Market

42

Average Home Size

1199 ft²

Average Home Age

78.2 years

Currently For Sale

783 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 5147 W Cullom Avenue, Chicago, IL, 60641

$2,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,300 ft²
5147 W Cullom Avenue #1, Chicago, IL, 60641 Listing by Daniel Cozzi
Unit for rent at 5158 W Agatite Avenue, Chicago, IL, 60630

$2,475 /mo

  • 2 Beds
  • 2 Baths
5158 W Agatite Avenue #1, Chicago, IL, 60630 Listing by Liliana Lohan
Unit for rent at 5124 W Irving Park Road, Chicago, IL, 60641

$2,500 /mo

  • 2 Beds
  • 1 Bath
  • 1,300 ft²
5124 W Irving Park Road #2, Chicago, IL, 60641 Listing by Matt Becker

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Rachel Vecchio, Dream Town Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11848318
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 4638 West Patterson Avenue built and last sold?
The property at 4638 West Patterson Avenue was built in 1924 and last sold on Aug 17, 2023 for $478,000.
How much is this home worth?
The estimated value of the home located at 4638 West Patterson Avenue is $458,478.
What are some comparable homes to 4638 West Patterson Avenue?
There are currently no comparable homes to 4638 West Patterson Avenue.
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