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5511 West Leland Avenue

5511 West Leland Avenue, Chicago, IL 60630
Multifamily in Jefferson Park
Sold Feb 18, 2021
$520,000
$476,190 by Guaranteed Rate Inc
Mortgage Due Mar 01, 2051
Sold Aug 20, 2020
$325,000
$363,700 by Lendinghome Funding Corp
Mortgage
5511 West Leland Avenue has been categorized by the local assessors in Chicago, IL as a residential type of property. The building on the property was first built in 1905 and is 119 years old. The home has a total of 10 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5511 West Leland Avenue has 1,760 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 4,500 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a no garage for those who require parking. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of wood. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a 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, 5511 West Leland Avenue was last sold in Feb 8, 2021 for $520,000. According to our calculations, that's $295.45 per sqft. Prior to that sales transaction, the property was sold for $325,000 in Jun 19, 2020. Current property owners are expected to pay $5,145 in taxes per year. The property on 5511 West Leland Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $25,000. To break that down further, the land itself was valued at $12,600. While improvements to the property were assessed at a total of $12,400. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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

Parking

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

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Wood
  • 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: 4,500
  • Total Building Area: 1,760
  • Gross Building Area: 1,760
  • Building Area: 1,760
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,760
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STEVENS SUB OF JEFFERSON PARK
  • Land Acres: 0.103
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (STEVENS) SUB OF (JEFFERSON)(PARK) SUB OF W 1367 FT O F NH LT 4 OF SCHOOL TRUSTEES SUB IN SEC 16-40-13

Ownership

  • Current Owner : DALMASY PETER
  • Current Owner 2: SULLIVAN PATRICIA LORRAINE
  • Previous Owner : BLACK SQUARE REAL ESTATE INC
  • Owner Before Previous Owner: MARTIN PATRICIA J
  • Owner Before Previous Owner 2: THE PATRICIA J MARTIN LIVING T
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 150300

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-16-111-015-0000
  • Lot: 4
  • Meridian: SEC 16 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9653
  • Longitude: -87.7655

    Address

  • Full Address: 5511 W Leland Ave
  • Address - House Number: 5511
  • Street Direction: W
  • Address - Street Name: Leland
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C026
  • 4-Digit Zip Code: 3512
  • Zip Code: 60630

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,145
  • Tax Rate Code Area: 71033

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $476,190
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Feb 18, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $476,190
  • 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: Mar 01, 2051

    Market Valuation

  • Market Total Value: $250,000
  • Market Land Value: $126,000
  • Market Improvement Value: $124,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $25,000
  • Assessed Land Value: $12,600
  • Assessed Improvements Value: $12,400

    Sales

  • Current Sale Contract Date: Feb 08, 2021
  • Current Sale Recording Date: Feb 18, 2021
  • Current Sale Transaction ID: 11818125757
  • Current Sale Price: $520,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2104910050
  • Previous Sale Recording Date: Aug 20, 2020
  • Previous Sale Contract Date: Jun 19, 2020
  • Previous Sale Amount: $325,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Feb 18, 2021
  • First Mortgage Loan Amount: $476,190
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Mar 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: LENDINGHOME FUNDING CORP
  • Previous Mortgage Transaction Date: Aug 20, 2020
  • Previous Mortgage Loan Amount: $363,700
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

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Frequently Asked Questions

What neighborhood is 5511 West Leland Avenue located in?
The 5511 West Leland Avenue is a multifamily located in the neighborhood of Jefferson Park in Northwest Side, Chicago.
What is the average sales price for listings in 5511 West Leland Avenue?
The average sales price for units in 5511 West Leland Avenue is $0 currently.

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