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554 West Armitage Avenue

554 West Armitage Avenue, Chicago, IL 60614
Property in Lincoln Park
Sold Jul 10, 2014
$345,000
$219,000 by Cherry Creek Mortgage Co Inc
Mortgage Due Aug 01, 2036
554 West Armitage 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 1974 and is 50 years old. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 554 West Armitage Avenue has 1,092 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 620 ft and across the front of the lot is 200 ft. The area measurement of the land has been determined as 1,297 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a modern 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 masonry 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 tar and gravel. The exterior walls of the building are made of masonry. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Jun 26, 2014 for $345,000. That's $315.93 per sqft. 554 West Armitage Avenue was last assessed in 2023. The total value of the property was assessed at $42,001. Specifically, the land the property is located on was valued at $16,213. While improvements on the property were assessed at a total of $25,788. 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 $7,935. 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: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Modern
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 7
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,297
  • Lot Size Depth Feet: 620
  • Lot Size Frontage Feet: 200
  • Total Building Area: 1,092
  • Gross Building Area: 1,092
  • Building Area: 1,092
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,092
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CANAL TRUSTEES SUB
  • Land Acres: 0.03
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: M (REICHS) RESUB OF BLK28 IN CANAL TRUSTEES SUB OF NH & NH SE & EH SW SEC 33-40-14

Ownership

  • Current Owner : ZWART KEVIN W
  • Previous Owner : GONZALEZ MARK H
  • Previous Owner 2: GONZALEZ DAWN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 071300

Zoning

  • Zoning: PD 76

Geography

  • Assessors Map Reference: 02N-123-01
  • District: 74
  • Parcel: 14-33-129-071-0000
  • Block: 28
  • Lot: 25,26
  • Meridian: SEC 33 TWN 40N RNG 14E
  • Municipality: NORTH CHICAGO
  • Latitude: 41.9184
  • Longitude: -87.6434

    Address

  • Full Address: 554 W Armitage Ave
  • Address - House Number: 554
  • Street Direction: W
  • Address - Street Name: Armitage
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C028
  • 4-Digit Zip Code: 4550
  • Zip Code: 60614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,935
  • Tax Rate Code Area: 74026

    Appraisal Valuation

  • Standard Deviation: 0.2243
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 516,582
  • High Value: 632,494
  • Low Value: 400,670

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $219,000
  • First Open Lien Mortgage Lender: CHERRY CREEK MORTGAGE CO INC
  • First Open Lien Mortgage Recording Date: Aug 05, 2021
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $219,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2036

    Market Valuation

  • Market Total Value: $420,010
  • Market Land Value: $162,130
  • Market Improvement Value: $257,880

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,001
  • Assessed Land Value: $16,213
  • Assessed Improvements Value: $25,788

    Sales

  • Current Sale Contract Date: Jun 26, 2014
  • Current Sale Recording Date: Jul 10, 2014
  • Current Sale Transaction ID: 1144633323
  • Current Sale Price: $345,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1419110052

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: Jul 10, 2014
  • First Mortgage Loan Amount: $276,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jul 01, 2044

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About North Side



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Frequently Asked Questions

What neighborhood is 554 West Armitage Avenue located in?
The 554 West Armitage Avenue is a located in the neighborhood of Lincoln Park in North Side, Chicago.
What is the average sales price for listings in 554 West Armitage Avenue?
The average sales price for units in 554 West Armitage Avenue is $0 currently.

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