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5556 South Austin Avenue

5556 South Austin Avenue, Chicago, IL 60638
Sold Jul 26, 2021
$310,000
$228,937 by Bay Equity Llc
Mortgage Due Aug 01, 2051
Sold Jun 05, 2013
$200,000
$200,000 by Quicken Loans Inc
Mortgage Due Jun 01, 2043
5556 South Austin Avenue in Chicago, IL was first built in 1959 and is 65 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 5556 South Austin Avenue has 1,163 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. In total, the area measurement of the land is 3,885 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. 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 central air conditioning. As for heating, the home is utilizing a heating system. The property was last sold in Jul 13, 2021 for $310,000. That's $266.55 per sqft. Prior to that sales transaction, the property was also sold in May 17, 2013 for $200,000. 5556 South Austin Avenue was last assessed in 2022. The total value of the property was assessed at $23,000. Specifically, the land the property is located on was valued at $4,856. While improvements on the property were assessed at a total of $18,144. 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 $4,050. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1959
  • 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
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,885
  • Total Building Area: 1,163
  • Gross Building Area: 1,163
  • Building Area: 1,163
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,163
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BARTLETTS GARFIELD RIDGE 1ST
  • Land Acres: 0.089
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FREDK H (BARTLETTS)(GARFIELD) RIDGE (1ST) ADD SUB OF ALL PART OF LYING N OF I H B RR EH WH SEC 17-38-13

Ownership

  • Current Owner : GUTIERREZ REYNA
  • Previous Owner : SALAZAR ROBERT C
  • Previous Owner 2: LEON JACQUELINE
  • Owner Before Previous Owner: MARQUETTE BANK
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 561100

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: 00E-72-03
  • District: 72
  • Parcel: 19-17-107-056-0000
  • Block: 34
  • Lot: 16,17
  • Meridian: SEC 17 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.7909
  • Longitude: -87.7723

    Address

  • Full Address: 5556 S Austin Ave
  • Address - House Number: 5556
  • Street Direction: S
  • Address - Street Name: Austin
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C050
  • 4-Digit Zip Code: 2604
  • Zip Code: 60638

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,050
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.2311
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 67
  • Final Value: 341,874
  • High Value: 420,913
  • Low Value: 262,836

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $228,937
  • First Open Lien Mortgage Lender: BAY EQUITY LLC
  • First Open Lien Mortgage Recording Date: Jul 26, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $228,937
  • 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: Aug 01, 2051

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $48,560
  • Market Improvement Value: $181,440

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $23,000
  • Assessed Land Value: $4,856
  • Assessed Improvements Value: $18,144

    Sales

  • Current Sale Contract Date: Jul 13, 2021
  • Current Sale Recording Date: Jul 26, 2021
  • Current Sale Transaction ID: 11845279485
  • Current Sale Price: $310,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2120707461
  • Previous Sale Recording Date: Jun 05, 2013
  • Previous Sale Contract Date: May 17, 2013
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: BAY EQUITY LLC
  • First Mortgage Transaction Date: Jul 26, 2021
  • First Mortgage Loan Amount: $228,937
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: QUICKEN LOANS INC
  • Previous Mortgage Transaction Date: Jun 05, 2013
  • Previous Mortgage Loan Amount: $200,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Jun 01, 2043

About Southwest Side



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Nearby Rentals

Unit for rent at 5742 S Archer Avenue, Chicago, IL, 60638

$1,800 /mo

  • 3 Beds
  • 1 Bath
  • 912 ft²
5742 S Archer Avenue #2, Chicago, IL, 60638 Listing by Iwona Karon

Frequently Asked Questions

What neighborhood is 5556 South Austin Avenue located in?
The 5556 South Austin Avenue is a house located in the neighborhood of Garfield Ridge in Southwest Side, Chicago.
What is the average sales price for listings in 5556 South Austin Avenue?
The average sales price for units in 5556 South Austin Avenue is $0 currently.

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