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Chicago 60641 Old Irving Park
4744 W Patterson Avenue
$435,000
● House - Off Market

4744 W Patterson Avenue

Chicago, IL 60641
bedrooms
3 Beds
bathrooms
2 Baths
$2,431
Est. Monthly
6.09%
Cap Rate

About This Property

Beautiful hardwood floors flow throughout this home, complementing a stunning kitchen with stainless steel appliances. This property offers 3 spacious bedrooms and 2 full bathrooms. The finished basement includes a separate laundry room and a large area-ideal for a family room or entertaining. Enjoy a lovely yard and a large 2+ car garage with a party door that opens directly to the yard, perfect for gatherings. Conveniently located just 0.8 miles from the Blue Line and Kennedy Expressway, and a short distance to Six Corners with plenty of shopping, restaurants, and entertainment options.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$471
HOA Dues
-
Year Built
1962

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,125
  • Total Building Area: 1,039
  • Gross Building Area: 1,039
  • Building Area: 1,039
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,039
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GROSS MILWAUKEE AVE ADD
  • Land Acres: 0000000072
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

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: 13-22-121-028-0000
  • Block: 6
  • Lot: 31
  • Meridian: SEC 22 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9473
  • Longitude: -87.7464

    Address

  • Full Address: 4744 W Patterson Ave
  • Address - House Number: 4744
  • Street Direction: W
  • Address - Street Name: Patterson
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C050
  • 4-Digit Zip Code: 3612
  • Zip Code: 60641

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $548,929
  • Tax Rate Code Area: 71130

    Appraisal Valuation

  • Standard Deviation: 0.2348
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 403,210
  • High Value: 497,912
  • Low Value: 308,509

    Market Valuation

  • Market Total Value: $300,010
  • Market Land Value: $78,130
  • Market Improvement Value: $221,880

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,001
  • Assessed Land Value: $7,813
  • Assessed Improvements Value: $22,188

    Sales

  • Current Sale Contract Date: Jul 06, 2015
  • Current Sale Recording Date: Jul 21, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1520226028
  • Previous Sale Recording Date: Dec 02, 2014
  • Previous Sale Contract Date: Sep 16, 2014
  • Previous Sale Amount: $133,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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

1201 ft²

Average Home Age

77.8 years

Currently For Sale

782 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 3722 W School Street, Chicago, IL, 60618

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,200 ft²
3722 W School Street #1W, Chicago, IL, 60618 Listing by Maja Krzewinska
Unit for rent at 5039 W Cullom Avenue, Chicago, IL, 60641

$2,500 /mo

  • 3 Beds
  • 1 Bath
5039 W Cullom Avenue #2, Chicago, IL, 60641 Listing by Karla Mina
Unit for rent at 4018 W Nelson Street, Chicago, IL, 60641

$2,600 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
4018 W Nelson Street #2, Chicago, IL, 60641 Listing by Panagiotis Gikas

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Renate Martin, Baird & Warner
Data Source: MRED, MLS# MRD12425316
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 4744 West Patterson Avenue built and last sold?
The property at 4744 West Patterson Avenue was built in 1962 and last sold on Jul 6, 2015 for $275,000.
How much is this home worth?
The estimated value of the home located at 4744 West Patterson Avenue is $0.
What are some comparable homes to 4744 West Patterson Avenue?
There are currently no comparable homes to 4744 West Patterson Avenue.
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