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5260 West Adams Street

5260 West Adams Street, Chicago, IL 60644
Commercial in South Austin
Sold Dec 05, 2022
$600,000
$504,000 by Chicago Title Land Trust Compa
Mortgage Due Nov 01, 2032
Sold Sep 19, 2017
$243,500
$243,083 by The Budman Building Llc
Mortgage Due Sep 06, 2022
5260 West Adams Street in Chicago, IL was first built in 1918 and is 106 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 3 floors. There are a total of 40 rooms in the home, of which, 12 are bedrooms. In terms of bathrooms, there are a total of 6 full bathrooms. There are 6 partial bathrooms. 5260 West Adams Street has 8,790 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 1,240 ft and the linear feet between the front and back of the lot is 500. In total, the area measurement of the land is 6,200 square feet.

Learn more about the property and building on this page. The roof of the home is made of tar and gravel. For those who need parking, there is a no garage. 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 hot water 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, 5260 West Adams Street was last sold in Nov 28, 2022 for $600,000. According to our calculations, that's $68.26 per sqft. Prior to that sales transaction, the property was sold for $243,500 in Sep 6, 2017. Current property owners are expected to pay $11,107 in taxes per year. The property on 5260 West Adams Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $54,000. To break that down further, the land itself was valued at $8,060. While improvements to the property were assessed at a total of $45,940. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • Building Count: 1
  • Total Rooms: 40
  • Bedroom Count: 12
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 3
  • Living Units: 6
  • Business/Commerical Units Count: 4
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,200
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 1,240
  • Total Building Area: 8,790
  • Gross Building Area: 8,790
  • Building Area: 8,790
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 8,790
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DAVIS & SONS
  • Land Acres: 0.142
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (DAVIS) & (SONS) SUB OF LT 93 OF SCHOOL TRUSTEES SUB OF N OF PT SEC 16-39-13

Ownership

  • Current Owner : CHICAGO TITLE LAND TRUST COMPANY
  • Previous Owner : CHICAGO TITLE LAND TRUST COMPANY
  • Owner Before Previous Owner: BUDMAN HOLDINGS LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 252102

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: 018-106-06
  • District: 77
  • Parcel: 16-16-105-017-0000
  • Lot: 93
  • Meridian: SEC 16 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8787
  • Longitude: -87.7574

    Address

  • Full Address: 5260 W Adams St
  • Address - House Number: 5260
  • Street Direction: W
  • Address - Street Name: Adams
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C037
  • 4-Digit Zip Code: 4366
  • Zip Code: 60644

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,107
  • Tax Rate Code Area: 77073

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 525,686
  • High Value: 660,008
  • Low Value: 391,363

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $504,000
  • First Open Lien Mortgage Lender: CHICAGO TITLE LAND TRUST COMPA
  • First Open Lien Mortgage Recording Date: Dec 05, 2022
  • First Open Lien Mortgage Loan Amount: $504,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2032

    Market Valuation

  • Market Total Value: $540,000
  • Market Land Value: $80,600
  • Market Improvement Value: $459,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,000
  • Assessed Land Value: $8,060
  • Assessed Improvements Value: $45,940

    Sales

  • Current Sale Contract Date: Nov 28, 2022
  • Current Sale Recording Date: Dec 05, 2022
  • Current Sale Transaction ID: 11899388425
  • Current Sale Price: $600,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 46116
  • Previous Sale Recording Date: Sep 19, 2017
  • Previous Sale Contract Date: Sep 06, 2017
  • Previous Sale Amount: $243,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CHICAGO TITLE LAND TRUST COMPA
  • First Mortgage Transaction Date: Dec 05, 2022
  • First Mortgage Loan Amount: $504,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2032

    Previous Mortgages

  • Previous Mortgage Lender: THE BUDMAN BUILDING LLC
  • Previous Mortgage Transaction Date: Sep 19, 2017
  • Previous Mortgage Loan Amount: $243,083
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Sep 06, 2022

About Northwest Side



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Nearby Rentals

Unit for rent at

$1,000 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
Listing by Syreeta McFarland
Unit for rent at

$900 /mo

  • 1 Bed
  • 1 Bath
  • 1,000 ft²
Listing by Manager
Unit for rent at

$949 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
Listing by Manager
Unit for rent at

$950 /mo

  • 1 Bed
  • 1 Bath
Listing by Manager
Unit for rent at

$975 /mo

  • 1 Bed
  • 1 Bath
  • 700 ft²
Listing by Manager
Unit for rent at

$850 /mo

  • 2 Beds
  • 1 Bath
Listing by Manager

Frequently Asked Questions

What neighborhood is 5260 West Adams Street located in?
The 5260 West Adams Street is a commercial located in the neighborhood of South Austin in Northwest Side, Chicago.
What is the average sales price for listings in 5260 West Adams Street?
The average sales price for units in 5260 West Adams Street is $0 currently.

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