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5251 South Parkside Avenue

5251 South Parkside Avenue, Chicago, IL 60638
Sold Jul 11, 2023
$285,000
$221,815 by Federal Svgs Bk
Mortgage Due Jul 01, 2053
Sold May 01, 2019
$130,000
$180,250 by Next Generation Management And
Mortgage Due May 01, 2020
5251 South Parkside Avenue in Chicago, IL was first built in 1920 and is 104 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. It is a single story home. 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. 5251 South Parkside Avenue has 1,644 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 3,625 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 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 central air conditioning. As for heating, the home is utilizing a heating system. The property was last sold in Jun 22, 2023 for $285,000. That's $173.36 per sqft. Prior to that sales transaction, the property was also sold in Apr 24, 2019 for $130,000. 5251 South Parkside Avenue was last assessed in 2023. The total value of the property was assessed at $24,000. Specifically, the land the property is located on was valued at $4,531. While improvements on the property were assessed at a total of $19,469. 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 $4,936. The initial tax year of delinquency was in 2021. 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. 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

Stucco Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • 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: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,625
  • Total Building Area: 1,644
  • Gross Building Area: 1,644
  • Building Area: 1,644
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,644
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CRANE ARCHER AVE HOME ADD TO CHICAGO
  • Land Acres: 0.083
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (CRANE) (ARCHER) AVE (HOME) ADD TO (CHICAGO) SUB IN S E SEC 8-38-13 LYING NLY OF CENTER LINE OF ARCHER AVE SEC 08-38-13

Ownership

  • Current Owner : MUNOZ LUIS
  • Previous Owner : 5251 PARKSIDE INC
  • Owner Before Previous Owner: AL RIFAI AMIN SALAH
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 560800

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: 00E-7-05
  • District: 72
  • Parcel: 19-08-415-020-0000
  • Block: 16
  • Lot: 26,27
  • Meridian: SEC 08 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.7967
  • Longitude: -87.7634

    Address

  • Full Address: 5251 S Parkside Ave
  • Address - House Number: 5251
  • Street Direction: S
  • Address - Street Name: Parkside
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C057
  • 4-Digit Zip Code: 1523
  • Zip Code: 60638

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,936
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 72001

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 286,581
  • High Value: 315,557
  • Low Value: 257,606

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $221,815
  • First Open Lien Mortgage Lender: FEDERAL SVGS BK
  • First Open Lien Mortgage Recording Date: Jul 11, 2023
  • First Open Lien Mortgage Loan Amount: $221,815
  • 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: Jul 01, 2053

    Market Valuation

  • Market Total Value: $240,000
  • Market Land Value: $45,310
  • Market Improvement Value: $194,690

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,000
  • Assessed Land Value: $4,531
  • Assessed Improvements Value: $19,469

    Sales

  • Current Sale Contract Date: Jun 22, 2023
  • Current Sale Recording Date: Jul 11, 2023
  • Current Sale Transaction ID: 11909274420
  • Current Sale Price: $285,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 10048
  • Previous Sale Recording Date: May 01, 2019
  • Previous Sale Contract Date: Apr 24, 2019
  • Previous Sale Amount: $130,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FEDERAL SVGS BK
  • First Mortgage Transaction Date: Jul 11, 2023
  • First Mortgage Loan Amount: $221,815
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: NEXT GENERATION MANAGEMENT AND
  • Previous Mortgage Transaction Date: May 01, 2019
  • Previous Mortgage Loan Amount: $180,250
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: May 01, 2020

About Southwest Side



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Frequently Asked Questions

What neighborhood is 5251 South Parkside Avenue located in?
The 5251 South Parkside Avenue is a land located in the neighborhood of Garfield Ridge in Southwest Side, Chicago.
What is the average sales price for listings in 5251 South Parkside Avenue?
The average sales price for units in 5251 South Parkside Avenue is $0 currently.

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