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504 West 42nd Place

504 West 42nd Place, Chicago, IL 60609
Property in Canaryville
Sold Nov 23, 2021
$250,000
$245,469 by Jpmorgan Chase Bank Na
Mortgage Due Dec 01, 2051
504 West 42nd Place in Chicago, IL was first built in 1890 and is 134 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 12 rooms in the home, of which, 6 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 504 West 42nd Place has 2,280 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. The linear feet across the front of the lot is 250 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 3,018 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 is one available parking space. 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 air conditioning. As for heating, the home is utilizing a hot water heating system. The property was last sold in Nov 8, 2021 for $250,000. That's $109.65 per sqft. 504 West 42nd Place was last assessed in 2023. The total value of the property was assessed at $23,000. Specifically, the land the property is located on was valued at $3,018. While improvements on the property were assessed at a total of $19,982. 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 $4,731. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • 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: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,018
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 2,280
  • Gross Building Area: 2,280
  • Building Area: 2,280
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,280
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: KREIGHS SUB
  • Land Acres: 0.069
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (DUNCANS) RESUB OF BLK7 IN TAYLOR & KREIGHS SUB OF EH NW SEC 04-38-14

Ownership

  • Current Owner : ODEA DANIEL M
  • Previous Owner : SCANLON HEATHER M
  • Previous Owner 2: SCANLON MARTIN J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 842600

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jul 03, 2013
  • District: 72
  • Parcel: 20-04-127-046-0000
  • Block: 7
  • Lot: 46
  • Meridian: SEC 04 TWN 38N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.8174
  • Longitude: -87.6388

    Address

  • Full Address: 504 W 42nd Pl
  • Address - House Number: 504
  • Street Direction: W
  • Address - Street Name: 42nd
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C001
  • 4-Digit Zip Code: 2744
  • Zip Code: 60609

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,731
  • Tax Rate Code Area: 72018

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 154,928
  • High Value: 178,312
  • Low Value: 131,543

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $245,469
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Nov 23, 2021
  • First Open Lien Mortgage Loan Amount: $245,469
  • 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: Dec 01, 2051

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $30,180
  • Market Improvement Value: $199,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $3,018
  • Assessed Improvements Value: $19,982

    Sales

  • Current Sale Contract Date: Nov 08, 2021
  • Current Sale Recording Date: Nov 23, 2021
  • Current Sale Transaction ID: 11870051534
  • Current Sale Price: $250,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2132733040

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Nov 23, 2021
  • First Mortgage Loan Amount: $245,469
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Dec 01, 2051

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Frequently Asked Questions

What neighborhood is 504 West 42nd Place located in?
The 504 West 42nd Place is a located in the neighborhood of Canaryville in Southwest Side, Chicago.
What is the average sales price for listings in 504 West 42nd Place?
The average sales price for units in 504 West 42nd Place is $0 currently.

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