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515 North Humphrey Avenue

515 North Humphrey Avenue, Oak Park, IL 60302
Multifamily in Oak Park
Sold Feb 22, 2019
$243,000
Sold Dec 09, 1996
$130,500
$119,250 by Americas Wholesale Lndr
Mortgage Due Dec 01, 2026
Local assessors in Oak Park, IL have categorized 515 North Humphrey Avenue as a residential type of property. The home was built in 1951 and is 73 years old. The property's lot size has been calculated to be 4,275 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 11 rooms in the home. Of these, 4 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 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 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 515 North Humphrey Avenue has a total of 1,886 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. 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, 515 North Humphrey Avenue was last sold in Feb 12, 2019 for $243,000. According to our calculations, that's $128.84 per sqft. Prior to that sales transaction, the property was sold for $130,500 in Nov 4, 1996. Current property owners are expected to pay $6,942 in taxes per year. The property on 515 North Humphrey Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $38,001. To break that down further, the land itself was valued at $5,558. While improvements to the property were assessed at a total of $32,443. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,275
  • Total Building Area: 1,886
  • Gross Building Area: 1,886
  • Building Area: 1,886
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,886
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JOHNSTON JRS ADD TO AUSTIN
  • Land Acres: 0.098
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: JOHN (JOHNSTON) JRS ADD TO (AUSTIN) SUB OF SH SW SEC 05-39-13

Ownership

  • Current Owner : AIR INVESTMENTS LLC
  • Previous Owner : NNAM MICHAEL N
  • Owner Before Previous Owner: FORTUNA JEAN
  • Owner Before Previous Owner 2: FORTUNA FRANK
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Oak Park and River Forest District 200
  • Census Tract: 812500

Geography

  • District: 27
  • Parcel: 16-05-325-021-0000
  • Block: 11
  • Lot: 1
  • Meridian: SEC 05 TWN 39N RNG 13E
  • Municipality: OAK PARK
  • Latitude: 41.8953
  • Longitude: -87.7771

    Address

  • Full Address: 515 N Humphrey Ave
  • Address - House Number: 515
  • Street Direction: N
  • Address - Street Name: Humphrey
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Oak Park
  • Carrier Code: C040
  • 4-Digit Zip Code: 2405
  • Zip Code: 60302

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,942
  • Tax Rate Code Area: 27001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 245,791
  • High Value: 308,595
  • Low Value: 182,986

    Market Valuation

  • Market Total Value: $380,010
  • Market Land Value: $55,580
  • Market Improvement Value: $324,430

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,001
  • Assessed Land Value: $5,558
  • Assessed Improvements Value: $32,443

    Sales

  • Current Sale Contract Date: Feb 12, 2019
  • Current Sale Recording Date: Feb 22, 2019
  • Current Sale Transaction ID: 11573194486
  • Current Sale Price: $243,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1905317037
  • Previous Sale Recording Date: Dec 09, 1996
  • Previous Sale Contract Date: Nov 04, 1996
  • Previous Sale Amount: $130,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST MERCHANTS BANK
  • First Mortgage Transaction Date: Feb 22, 2019
  • First Mortgage Loan Amount: $272,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Feb 05, 2024

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAS WHOLESALE LNDR
  • Previous Mortgage Transaction Date: Dec 09, 1996
  • Previous Mortgage Loan Amount: $119,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Dec 01, 2026

About Oak Park



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Frequently Asked Questions

What neighborhood is 515 North Humphrey Avenue located in?
The 515 North Humphrey Avenue is a multifamily located in the neighborhood of Oak Park in Oak Park, Oak Park.
What is the average sales price for listings in 515 North Humphrey Avenue?
The average sales price for units in 515 North Humphrey Avenue is $0 currently.

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