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4937 North Oakley Avenue

4937 North Oakley Avenue, Chicago, IL 60625
Property in Ravenswood
Sold Jul 11, 2018
$600,000
Sold Apr 09, 2003
Transfer
$368,000 by Wells Fargo Home Mortgage Inc
Mortgage Due Apr 01, 2033
4937 North Oakley Avenue in Chicago, IL was first built in 1905 and is 119 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 14 rooms in the home, of which, 6 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 4937 North Oakley Avenue has 2,862 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. In total, the area measurement of the land is 3,750 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a detached garage. There are a total of 2 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 frame 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 wood. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 4937 North Oakley Avenue was last sold in Jun 3, 2018 for $600,000. According to our calculations, that's $209.64 per sqft. Current property owners are expected to pay $8,977 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 4937 North Oakley Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $60,518. To break that down further, the land itself was valued at $30,000. While improvements to the property were assessed at a total of $30,518. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Building Count: 1
  • Total Rooms: 14
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • 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: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,750
  • Total Building Area: 2,862
  • Gross Building Area: 2,862
  • Building Area: 2,862
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,862
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HUBERTY & LOHEINRICHS
  • Land Acres: 0.086
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (HUBERTY) & (LOHEINRICHS) SUB OF S150FT OF LT7 IN SUB OF SE WH SW SEC 07-40-14

Ownership

  • Current Owner : BELL VENTURES LLC
  • Previous Owner : MACLELLAN KATHRYN
  • Owner Before Previous Owner: SOVA LAURA L
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 040401

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: 17S-92-04
  • District: 73
  • Parcel: 14-07-313-005-0000
  • Lot: 7
  • Meridian: SEC 07 TWN 40N RNG 14E
  • Municipality: LAKE VIEW
  • Latitude: 41.9716
  • Longitude: -87.685

    Address

  • Full Address: 4937 N Bell Ave
  • Address - House Number: 4937
  • Street Direction: N
  • Address - Street Name: Bell
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C003
  • 4-Digit Zip Code: 1923
  • Zip Code: 60625

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,977
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 73001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 491,608
  • High Value: 617,223
  • Low Value: 365,992

    Market Valuation

  • Market Total Value: $605,180
  • Market Land Value: $300,000
  • Market Improvement Value: $305,180

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $60,518
  • Assessed Land Value: $30,000
  • Assessed Improvements Value: $30,518

    Sales

  • Current Sale Contract Date: Jun 03, 2018
  • Current Sale Recording Date: Jul 11, 2018
  • Current Sale Transaction ID: 11480282167
  • Current Sale Price: $600,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1819219137
  • Previous Sale Recording Date: Apr 09, 2003
  • Previous Sale Contract Date: Mar 26, 2003
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO HOME MORTGAGE INC
  • Previous Mortgage Transaction Date: Apr 09, 2003
  • Previous Mortgage Loan Amount: $368,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Apr 01, 2033

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Frequently Asked Questions

What neighborhood is 4937 North Oakley Avenue located in?
The 4937 North Oakley Avenue is a located in the neighborhood of Ravenswood in North Side, Chicago.
What is the average sales price for listings in 4937 North Oakley Avenue?
The average sales price for units in 4937 North Oakley Avenue is $0 currently.

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