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4834 South Prairie Avenue

4834 South Prairie Avenue, Chicago, IL 60615
Multifamily in Grand Boulevard
Local assessors in Chicago, IL have categorized 4834 South Prairie Avenue as a residential type of property. The home was built in 1904 and is 120 years old. The property's lot size has been calculated to be 4,050 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 18 rooms in the home. Of these, 9 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 4 full bathrooms. There are also 4 partial bathrooms. This is a 3 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 4834 South Prairie Avenue has a total of 8,082 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 no garage for those who need a place to park their vehicle. 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, 4834 South Prairie Avenue sold most recently in Sep 28, 2020 for a total of $900,000. If you work out the math, that's approximately a cost of $111.36 per sqft. Before that, the property was also sold for $43,500 in Aug 7, 2015. 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 $7,849 in taxes each year. 4834 South Prairie Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $38,041. If we break it down further, the land itself was valued at $14,175. Improvements to the property, however, were assessed at a total of $23,866. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200504
05/04/2020
16 Bed
-
-
$900,000
bedrooms
16 Bed
bathrooms
-
$900,000
12/17/2020
Eugene Yu

Building Info

Overview

    General

  • Year Built: 1904
  • Effective Year Built: 1904
  • Building Count: 1
  • Total Rooms: 18
  • Bedroom Count: 9
  • 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: Asphalt
  • Floor Count: 3
  • Living Units: 4
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,050
  • Total Building Area: 8,082
  • Gross Building Area: 8,082
  • Building Area: 8,082
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 8,082
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ELEANOR SUBDIVISION
  • Land Acres: 0.093
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : TAFESSE TALARGIE M
  • Current Owner 2: BEYENE GENET
  • Previous Owner : YE WEI
  • Owner Before Previous Owner: PARKWAY BANK & TRUST COMPANY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 381400

Zoning

  • Zoning: RM-5

Geography

  • District: 70
  • Parcel: 20-10-109-043-0000
  • Municipality: HYDE PARK
  • Latitude: 41.8064
  • Longitude: -87.62

    Address

  • Full Address: 4834 S Prairie Ave
  • Address - House Number: 4834
  • Street Direction: S
  • Address - Street Name: Prairie
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C063
  • 4-Digit Zip Code: 1226
  • Zip Code: 60615

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,849
  • Tax Rate Code Area: 70118

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 447,266
  • High Value: 561,551
  • Low Value: 332,980

    Market Valuation

  • Market Total Value: $380,410
  • Market Land Value: $141,750
  • Market Improvement Value: $238,660

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,041
  • Assessed Land Value: $14,175
  • Assessed Improvements Value: $23,866

    Sales

  • Current Sale Contract Date: Sep 28, 2020
  • Current Sale Recording Date: Dec 17, 2020
  • Current Sale Transaction ID: 11807945294
  • Current Sale Price: $900,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2035206131
  • Previous Sale Recording Date: Aug 18, 2015
  • Previous Sale Contract Date: Aug 07, 2015
  • Previous Sale Amount: $43,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Dec 17, 2020
  • First Mortgage Loan Amount: $931,158
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2035
  • Second Mortgage Lender: NEIGHBORHOOD ASSISTANCE CORPOR
  • Second Mortgage Transaction Date: Dec 17, 2020
  • Second Mortgage Loan Amount: $931,158
  • Second Mortgage Terms: 360
  • Second Mortgage Loan Type: Stand Alone Second

    Financing

  • First Mortgage Financing Type: Unknown

About South Side



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Frequently Asked Questions

What neighborhood is 4834 South Prairie Avenue located in?
The 4834 South Prairie Avenue is a multifamily located in the neighborhood of Grand Boulevard in South Side, Chicago.
What is the average sales price for listings in 4834 South Prairie Avenue?
The average sales price for units in 4834 South Prairie Avenue is $900,000 currently.

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