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4741 North Magnolia Avenue

4741 North Magnolia Avenue, Chicago, IL 60640
Multifamily in Sheridan Park
Sold Sep 26, 2022
$870,000
4741 North Magnolia Avenue in Chicago, IL was first built in 1895 and is 129 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 2 floors. There are a total of 20 rooms in the home, of which, 8 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 4741 North Magnolia Avenue has 3,761 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,840. In total, the area measurement of the land is 9,200 square feet.

Learn more about the property and building on this page. The roof of the home is made of tar and gravel. For those who need parking, there is a detached garage. There are a total of 3 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a hot water heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Aug 30, 2022 for $870,000. That's $231.32 per sqft. 4741 North Magnolia Avenue was last assessed in 2023. The total value of the property was assessed at $100,000. Specifically, the land the property is located on was valued at $55,200. While improvements on the property were assessed at a total of $44,800. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $19,302. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. 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: 1895
  • Effective Year Built: 1895
  • Building Count: 1
  • Total Rooms: 20
  • Bedroom Count: 8
  • 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: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 9,200
  • Lot Size Depth Feet: 1,840
  • Lot Size Frontage Feet: 500
  • Total Building Area: 3,761
  • Gross Building Area: 3,761
  • Building Area: 3,761
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 3,761
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DRIVE SUB
  • Land Acres: 0.211
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (SHERIDAN) DRIVE SUB IN NW SEC 17-40-14

Ownership

  • Current Owner : LARS FAMILIARIS LLC
  • Previous Owner : JACK T JOHNS RESIDUARY TRUST
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 031700

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: 17S-115-04
  • District: 73
  • Parcel: 14-17-105-003-0000
  • Lot: 69
  • Meridian: SEC 17 TWN 40N RNG 14E
  • Municipality: LAKE VIEW
  • Latitude: 41.9685
  • Longitude: -87.6606

    Address

  • Full Address: 4741 N Magnolia Ave
  • Address - House Number: 4741
  • Street Direction: N
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C004
  • 4-Digit Zip Code: 4903
  • Zip Code: 60640

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $19,302
  • Tax Rate Code Area: 73105

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 1,526,659
  • High Value: 1,757,085
  • Low Value: 1,296,232

    Market Valuation

  • Market Total Value: $1,000,000
  • Market Land Value: $552,000
  • Market Improvement Value: $448,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $100,000
  • Assessed Land Value: $55,200
  • Assessed Improvements Value: $44,800

    Sales

  • Current Sale Contract Date: Aug 30, 2022
  • Current Sale Recording Date: Sep 26, 2022
  • Current Sale Transaction ID: 11905304021
  • Current Sale Price: $870,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 33144

About North Side



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Frequently Asked Questions

What neighborhood is 4741 North Magnolia Avenue located in?
The 4741 North Magnolia Avenue is a multifamily located in the neighborhood of Sheridan Park in North Side, Chicago.
What is the average sales price for listings in 4741 North Magnolia Avenue?
The average sales price for units in 4741 North Magnolia Avenue is $0 currently.

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