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5337 South Cottage Grove Avenue

5337 South Cottage Grove Avenue, Chicago, IL 60615
Property in Hyde Park
Sold Dec 23, 2016
$17,250,000
$16,089,000 by Berkeley Point Capital Llc
Mortgage Due Nov 01, 2031
Sold Oct 09, 2015
$14,250,000
5337 South Cottage Grove Avenue in Chicago, IL was first built in 1969 and is 55 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 unknown style. There are a total of 2 floors. In total, the area measurement of the land is 45,738 square feet.

Learn more about the property and building on this page. The property was last sold in Oct 14, 2016 for $17,250,000. Prior to that sales transaction, the property was also sold in Oct 9, 2015 for $14,250,000. 5337 South Cottage Grove Avenue was last assessed in 2023. The total value of the property was assessed at $398,137. Specifically, the land the property is located on was valued at $41,256. While improvements on the property were assessed at a total of $356,881. 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 $81,889. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Unknown
  • Floor Count: 2
  • Living Units: 8
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 45,738
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GEORGE C WALKERS SUB
  • Land Acres: 1.05
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : HYDE PARK OWNER I LLC
  • Previous Owner : HYDE PARK WEST ACQUISITION LLC
  • Owner Before Previous Owner: 5325 COTTAGE GROVE LLC

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 836300

Zoning

  • Zoning: PD 47

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 70
  • Parcel: 20-11-313-025-0000
  • Lot: 12,7
  • Meridian: SEC 11 TWN 38N RNG 14E
  • Municipality: HYDE PARK
  • Latitude: 41.7974
  • Longitude: -87.6055

    Address

  • Full Address: 5337 S Cottage Grove Ave
  • Address - House Number: 5337
  • Street Direction: S
  • Address - Street Name: Cottage Grove
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Zip Code: 60615

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $81,889
  • Tax Rate Code Area: 70001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 2,216,717
  • High Value: 2,783,131
  • Low Value: 1,650,302

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $16,089,000
  • First Open Lien Mortgage Lender: BERKELEY POINT CAPITAL LLC
  • First Open Lien Mortgage Recording Date: Oct 29, 2021
  • First Open Lien Mortgage Loan Amount: $16,089,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2031

    Market Valuation

  • Market Total Value: $3,981,370
  • Market Land Value: $412,560
  • Market Improvement Value: $3,568,810

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $398,137
  • Assessed Land Value: $41,256
  • Assessed Improvements Value: $356,881

    Sales

  • Current Sale Contract Date: Oct 14, 2016
  • Current Sale Recording Date: Dec 23, 2016
  • Current Sale Transaction ID: 1903730827
  • Current Sale Price: $17,250,000
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 1635813031
  • Previous Sale Recording Date: Oct 09, 2015
  • Previous Sale Contract Date: Oct 09, 2015
  • Previous Sale Amount: $14,250,000
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE PRIVATEBANK & TRUST CO
  • First Mortgage Transaction Date: Dec 23, 2016
  • First Mortgage Loan Amount: $13,000,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Oct 14, 2021

About Far South Chicago



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Frequently Asked Questions

What neighborhood is 5337 South Cottage Grove Avenue located in?
The 5337 South Cottage Grove Avenue is a located in the neighborhood of Hyde Park in Far South Chicago, Chicago.
What is the average sales price for listings in 5337 South Cottage Grove Avenue?
The average sales price for units in 5337 South Cottage Grove Avenue is $0 currently.

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