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4938 South Damen Avenue

4938 South Damen Avenue, Chicago, IL 60609
Sold Nov 15, 2021
$105,000
$99,750 by Fairway Independent Mortgage C
Mortgage Due Dec 01, 2051
Sold May 09, 2005
$170,000
$169,900 by St Francis Mortgage Corp
Mortgage Due May 01, 2035
4938 South Damen Avenue has been categorized by the local assessors in Chicago, IL as a residential type of property. The building on the property was first built in 1907 and is 117 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 4938 South Damen Avenue has 1,748 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,250 ft and across the front of the lot is 240 ft. The area measurement of the land has been determined as 3,000 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a no garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of wood. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system. Finally, the property is currently sourcing its water from a municipal system. The property was last sold in Nov 8, 2021 for $105,000. That's $60.07 per sqft. Prior to that sales transaction, the property was also sold in Apr 14, 2005 for $170,000. 4938 South Damen Avenue was last assessed in 2023. The total value of the property was assessed at $8,500. Specifically, the land the property is located on was valued at $2,400. While improvements on the property were assessed at a total of $6,100. 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 $1,051. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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

Aluminum Siding
Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1907
  • Effective Year Built: 1907
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: Finished improved basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,000
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 240
  • Total Building Area: 1,748
  • Gross Building Area: 1,748
  • Building Area: 1,748
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 1,748
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CHICAGO UNIVERSITY
  • Land Acres: 0.069
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (CHICAGO)(UNIVERSITY) SUB OF SH OF NE & W3/4 OF SH OF NH OF NE & NW OF NW OF NE & SE OF NW OF NH SEC 07-38-14

Ownership

  • Current Owner : VARGAS ALEXANDER
  • Previous Owner : ROMAN DAVID
  • Previous Owner 2: ROMAN MARTA
  • Owner Before Previous Owner: GUILLEN JORGE
  • Owner Before Previous Owner 2: GUILLEN MARIA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 611500

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 20-07-118-025-0000
  • Block: 40
  • Lot: 17
  • Meridian: SEC 07 TWN 38N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.8037
  • Longitude: -87.6749

    Address

  • Full Address: 4938 S Damen Ave
  • Address - House Number: 4938
  • Street Direction: S
  • Address - Street Name: Damen
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C058
  • 4-Digit Zip Code: 4714
  • Zip Code: 60609

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,051
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 302,106
  • High Value: 379,299
  • Low Value: 224,912

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $99,750
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Nov 15, 2021
  • First Open Lien Mortgage Loan Amount: $99,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2051

    Market Valuation

  • Market Total Value: $85,000
  • Market Land Value: $24,000
  • Market Improvement Value: $61,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,500
  • Assessed Land Value: $2,400
  • Assessed Improvements Value: $6,100

    Sales

  • Current Sale Contract Date: Nov 08, 2021
  • Current Sale Recording Date: Nov 15, 2021
  • Current Sale Transaction ID: 11868951565
  • Current Sale Price: $105,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2131925207
  • Previous Sale Recording Date: May 09, 2005
  • Previous Sale Contract Date: Apr 14, 2005
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Nov 15, 2021
  • First Mortgage Loan Amount: $99,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: ST FRANCIS MORTGAGE CORP
  • Previous Mortgage Transaction Date: May 09, 2005
  • Previous Mortgage Loan Amount: $169,900
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: May 01, 2035

About Southwest Side



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Frequently Asked Questions

What neighborhood is 4938 South Damen Avenue located in?
The 4938 South Damen Avenue is a house located in the neighborhood of Back of the Yards in Southwest Side, Chicago.
What is the average sales price for listings in 4938 South Damen Avenue?
The average sales price for units in 4938 South Damen Avenue is $0 currently.

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