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5206 South Lockwood Avenue

5206 South Lockwood Avenue, Chicago, IL 60638
Property in Garfield Ridge
Sold Nov 24, 2020
$340,000
$333,841 by Loandepot.com Llc
Mortgage Due Oct 01, 2050
Sold May 16, 2002
Transfer
$229,400 by Chase Manhattan Mtg Corp
Mortgage Due Jun 01, 2032
Local assessors in Chicago, IL have categorized 5206 South Lockwood Avenue as a residential type of property. The home was built in 1926 and is 98 years old. The property's lot size has been calculated to be 3,750 square feet. The linear feet between the front and back of the lot was measured at 300 ft and the front of the lot was measured at 1,240 ft. 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 8 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 2 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 5206 South Lockwood Avenue has a total of 1,840 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5206 South Lockwood Avenue sold most recently in Jun 17, 2020 for a total of $340,000. If you work out the math, that's approximately a cost of $184.78 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,705 in taxes each year. 5206 South Lockwood Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $31,000. If we break it down further, the land itself was valued at $3,750. Improvements to the property, however, were assessed at a total of $27,250. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • 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: 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: 3,750
  • Lot Size Depth Feet: 300
  • Lot Size Frontage Feet: 1,240
  • Total Building Area: 1,840
  • Gross Building Area: 1,840
  • Building Area: 1,840
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,840
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HETZELS ARCHER
  • Land Acres: 0.086
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (HETZELS)(ARCHER) AVE ADD SUB OF EH SW SEC 09-38-13

Ownership

  • Current Owner : RODRIGUEZ JOHNNY RUIZ
  • Previous Owner : GARCIA HILARIO
  • Previous Owner 2: LOPEZ JOSE
  • Owner Before Previous Owner: BROWNE PATRICK
  • Owner Before Previous Owner 2: BROWNE CLARICE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 560700

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: 00E-9-05
  • District: 72
  • Parcel: 19-09-312-017-0000
  • Block: 5
  • Lot: 21
  • Meridian: SEC 09 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.798
  • Longitude: -87.7567

    Address

  • Full Address: 5206 S Lorel Ave
  • Address - House Number: 5206
  • Street Direction: S
  • Address - Street Name: Lorel
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C033
  • 4-Digit Zip Code: 1606
  • Zip Code: 60638

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,705
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 238,091
  • High Value: 274,027
  • Low Value: 202,154

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $343,841
  • First Open Lien Mortgage Lender: LOANDEPOT.COM LLC
  • First Open Lien Mortgage Recording Date: Nov 24, 2020
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $333,841
  • 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: ILLINOIS HOUSING DEVELOPMENT A
  • Second Open Lien Mortgage Recording Date: Nov 24, 2020
  • Second Open Lien Mortgage Loan Amount: $10,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second

    Market Valuation

  • Market Total Value: $310,000
  • Market Land Value: $37,500
  • Market Improvement Value: $272,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,000
  • Assessed Land Value: $3,750
  • Assessed Improvements Value: $27,250

    Sales

  • Current Sale Contract Date: Jun 17, 2020
  • Current Sale Recording Date: Nov 24, 2020
  • Current Sale Transaction ID: 11803517144
  • Current Sale Price: $340,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2032746280
  • Previous Sale Recording Date: May 16, 2002
  • Previous Sale Contract Date: May 06, 2002
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOANDEPOT.COM LLC
  • First Mortgage Transaction Date: Nov 24, 2020
  • First Mortgage Loan Amount: $333,841
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2050

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: CHASE MANHATTAN MTG CORP
  • Previous Mortgage Transaction Date: May 16, 2002
  • Previous Mortgage Loan Amount: $229,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jun 01, 2032

About Southwest Side



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Frequently Asked Questions

What neighborhood is 5206 South Lockwood Avenue located in?
The 5206 South Lockwood Avenue is a located in the neighborhood of Garfield Ridge in Southwest Side, Chicago.
What is the average sales price for listings in 5206 South Lockwood Avenue?
The average sales price for units in 5206 South Lockwood Avenue is $0 currently.

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