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5014 West Erie Street

5014 West Erie Street, Chicago, IL 60644
Multifamily in South Austin
Sold Nov 12, 2020
$150,000
$147,283 by Neighborhood Loans
Mortgage Due Oct 01, 2050
Sold Dec 02, 2019
$110,000
Buyer
Seller
5014 West Erie Street in Chicago, IL was first built in 1923 and is 101 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 bungalow style. There are a total of 2 floors. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 5014 West Erie Street has 1,140 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 3,050 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 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 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, 5014 West Erie Street was last sold in Sep 16, 2020 for $150,000. According to our calculations, that's $131.58 per sqft. Prior to that sales transaction, the property was sold for $110,000 in Nov 13, 2019. Current property owners are expected to pay $2,057 in taxes per year. The property on 5014 West Erie Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $10,001. To break that down further, the land itself was valued at $2,898. While improvements to the property were assessed at a total of $7,103. 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.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,050
  • Total Building Area: 1,140
  • Gross Building Area: 1,140
  • Building Area: 1,140
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,140
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUBDIVISION OF NH EX N 379.75 FT EH WH
  • Land Acres: 0.07
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (SUBDIVISION) OF NH EX N 379.75 FT EH WH NE SEC 09-39-13

Ownership

  • Current Owner : TAPIA LETICIA
  • Previous Owner : ALDACO IRENE
  • Owner Before Previous Owner: RABIN STEVEN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 251600

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 16-09-213-038-0000
  • Lot: 138
  • Meridian: SEC 09 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8916
  • Longitude: -87.7513

    Address

  • Full Address: 5014 W Ohio St
  • Address - House Number: 5014
  • Street Direction: W
  • Address - Street Name: Ohio
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C002
  • 4-Digit Zip Code: 1635
  • Zip Code: 60644

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,057
  • Tax Rate Code Area: 77001

    Appraisal Valuation

  • Standard Deviation: 0.2607
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 62
  • Final Value: 200,789
  • High Value: 253,140
  • Low Value: 148,438

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $161,726
  • First Open Lien Mortgage Lender: NEIGHBORHOOD LOANS
  • First Open Lien Mortgage Recording Date: Nov 12, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $147,283
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2050
  • Second Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Second Open Lien Mortgage Recording Date: May 12, 2023
  • Second Open Lien Mortgage Loan Amount: $14,443
  • Second Open Lien Mortgage Term: 328
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Oct 01, 2050

    Market Valuation

  • Market Total Value: $100,010
  • Market Land Value: $28,980
  • Market Improvement Value: $71,030

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $10,001
  • Assessed Land Value: $2,898
  • Assessed Improvements Value: $7,103

    Sales

  • Current Sale Contract Date: Sep 16, 2020
  • Current Sale Recording Date: Nov 12, 2020
  • Current Sale Transaction ID: 11799609599
  • Current Sale Price: $150,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2031707623
  • Previous Sale Recording Date: Dec 02, 2019
  • Previous Sale Contract Date: Nov 13, 2019
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEIGHBORHOOD LOANS
  • First Mortgage Transaction Date: Nov 12, 2020
  • First Mortgage Loan Amount: $147,283
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 5014 West Erie Street located in?
The 5014 West Erie Street is a multifamily located in the neighborhood of South Austin in Northwest Side, Chicago.
What is the average sales price for listings in 5014 West Erie Street?
The average sales price for units in 5014 West Erie Street is $0 currently.

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