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5553 North Oketo Avenue

5553 North Oketo Avenue, Chicago, IL 60656
Property in Oriole Park
Sold Nov 06, 2009
$317,500
5553 North Oketo 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 1952 and is 72 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5553 North Oketo Avenue has 975 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 1,040 ft and across the front of the lot is 430 ft. The area measurement of the land has been determined as 4,045 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown 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 detached garage for those who require parking. According to our sources, there is one available parking space. 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 asphalt. The exterior walls of the building are made of masonry. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5553 North Oketo Avenue sold most recently in Oct 9, 2009 for a total of $317,500. If you work out the math, that's approximately a cost of $325.64 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,965 in taxes each year. 5553 North Oketo Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $29,000. If we break it down further, the land itself was valued at $8,090. Improvements to the property, however, were assessed at a total of $20,910. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Unknown
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 4,045
  • Lot Size Depth Feet: 1,040
  • Lot Size Frontage Feet: 430
  • Total Building Area: 975
  • Gross Building Area: 975
  • Building Area: 975
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 975
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: ORIOLE PARK GARDENS
  • Land Acres: 0.093
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (ORIOLE)(PARK)(GARDENS) SUB LT5 EX E10ACS IN A HEMING WAYS SUB PT SE SEC1 & NE SEC12 INCL VAC STS EX PT LT5 S OF S LINE OF NH

Ownership

  • Current Owner : SCHULTZ BRIAN
  • Current Owner 2: SCHULTZ ELIZABETH C
  • Previous Owner : CHICAGO TITLE LAND TRUST COMPANY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 100500

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 12-12-232-005-0000
  • Lot: 5
  • Meridian: SEC 12 TWN 40N RNG 12E
  • Municipality: JEFFERSON
  • Latitude: 41.9807
  • Longitude: -87.8115

    Address

  • Full Address: 5553 N Oketo Ave
  • Address - House Number: 5553
  • Street Direction: N
  • Address - Street Name: Oketo
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C008
  • 4-Digit Zip Code: 1752
  • Zip Code: 60656

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,965
  • Tax Rate Code Area: 71001

    Appraisal Valuation

  • Standard Deviation: 0.2288
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 383,758
  • High Value: 471,576
  • Low Value: 295,941

    Market Valuation

  • Market Total Value: $290,000
  • Market Land Value: $80,900
  • Market Improvement Value: $209,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,000
  • Assessed Land Value: $8,090
  • Assessed Improvements Value: $20,910

    Sales

  • Current Sale Contract Date: Oct 09, 2009
  • Current Sale Recording Date: Nov 06, 2009
  • Current Sale Transaction ID: 1144114240
  • Current Sale Price: $317,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 0931026384

    Last Sale Mortgage

  • First Mortgage Lender: ERA MORTGAGE
  • First Mortgage Transaction Date: Nov 06, 2009
  • First Mortgage Loan Amount: $311,258
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2039

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Frequently Asked Questions

What neighborhood is 5553 North Oketo Avenue located in?
The 5553 North Oketo Avenue is a located in the neighborhood of Oriole Park in Northwest Side, Chicago.
What is the average sales price for listings in 5553 North Oketo Avenue?
The average sales price for units in 5553 North Oketo Avenue is $0 currently.

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