Check Availability

5642 South Michigan Avenue

5642 South Michigan Avenue, Chicago, IL 60637
Multifamily in Washington Park
Nearby Listings
The property has no active listings. Please see other similar options below.
Unit for sale at 5702 S Wabash Avenue, Chicago, IL 60637

$285,000

  • 6 Beds
5702 S Wabash Avenue, Chicago, IL 60637 Listing by Debra Cornelious

Unit for sale at 5534 S Michigan Avenue, Chicago, IL 60637

$120,000

  • Land
5534 S Michigan Avenue, Chicago, IL 60637 Listing by Moses Hall

Unit for sale at 5637 S. State St., Chicago, IL 60621

$240,000

  • Land
5637 S. State St. #4, Chicago, IL 60621 Listing by Tina La Mon

Local assessors in Chicago, IL have categorized 5642 South Michigan Avenue as a residential type of property. The home was built in 1900 and is 124 years old. The property's lot size has been calculated to be 3,864 square feet. The linear feet between the front and back of the lot was measured at 1,250 ft and the front of the lot was measured at 300 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 16 rooms in the home. Of these, 8 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5642 South Michigan Avenue has a total of 3,306 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a no garage for those who need a place to park their vehicle. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of tar and gravel. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a hot water heating system is the primary heating source. 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, 5642 South Michigan Avenue sold most recently in Dec 10, 2019 for a total of $315,000. If you work out the math, that's approximately a cost of $95.28 per sqft. Before that, the property was also sold for $254,000 in Aug 18, 2016. 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 $4,127 in taxes each year. 5642 South Michigan Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $20,000. If we break it down further, the land itself was valued at $13,524. Improvements to the property, however, were assessed at a total of $6,476. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

Building Features

Exterior

Stone Exterior
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20191008
10/08/2019
7 Bed
-
-
$309,000
bedrooms
7 Bed
bathrooms
-
$315,000 +1.94%
12/19/2019
Leslie Anderson

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 16
  • Bedroom Count: 8
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 4
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,864
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 300
  • Total Building Area: 3,306
  • Gross Building Area: 3,306
  • Building Area: 3,306
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 3,306
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: GOOKINS SUB
  • Land Acres: 0.089
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (GOOKINS) SUB OF LTS5-6 IN NEWHALL LARNED & WOODBRIDG ES SUB OF NW SEC 15-38-14

Ownership

  • Current Owner : KETCHUM CASEY S
  • Previous Owner : SMITH ARICA
  • Owner Before Previous Owner: PRIME CAP1TAL GROUP LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 400500

Zoning

  • Zoning: RM-5

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 70
  • Parcel: 20-15-108-034-0000
  • Block: 2
  • Lot: 5,6
  • Meridian: SEC 15 TWN 38N RNG 14E
  • Municipality: HYDE PARK
  • Latitude: 41.7916
  • Longitude: -87.6229

    Address

  • Full Address: 5642 S Michigan Ave
  • Address - House Number: 5642
  • Street Direction: S
  • Address - Street Name: Michigan
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C012
  • 4-Digit Zip Code: 1104
  • Zip Code: 60637

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,127
  • Tax Rate Code Area: 70127

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $309,294
  • First Open Lien Mortgage Lender: A & N MORTGAGE SERVICES INC
  • First Open Lien Mortgage Recording Date: Dec 19, 2019
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $309,294
  • 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: Jan 01, 2050

    Market Valuation

  • Market Total Value: $200,000
  • Market Land Value: $135,240
  • Market Improvement Value: $64,760

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,000
  • Assessed Land Value: $13,524
  • Assessed Improvements Value: $6,476

    Sales

  • Current Sale Contract Date: Dec 10, 2019
  • Current Sale Recording Date: Dec 19, 2019
  • Current Sale Transaction ID: 11710657598
  • Current Sale Price: $315,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1935347047
  • Previous Sale Recording Date: Sep 07, 2016
  • Previous Sale Contract Date: Aug 18, 2016
  • Previous Sale Amount: $254,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: A & N MORTGAGE SERVICES INC
  • First Mortgage Transaction Date: Dec 19, 2019
  • First Mortgage Loan Amount: $309,294
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: NEW PENN FINANCIAL LLC
  • Previous Mortgage Transaction Date: Sep 07, 2016
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $245,471
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Sep 01, 2046

About South Side



Similar Buildings

Multifamily at 5642 South Michigan Avenue,

5702 South Wabash Avenue

  • 1 Unit for Sale
  • 2 Stories
5702 South Wabash Avenue, Chicago, IL 60637 Multifamily in Washington Park
Multifamily at 5642 South Michigan Avenue,

5637 South State Street

  • 1 Unit for Sale
5637 South State Street, Chicago, IL 60621 Land in Washington Park
Multifamily at 5642 South Michigan Avenue,

5649 South State Street

  • 1 Unit for Sale
5649 South State Street, Chicago, IL 60621 Land in Washington Park
Multifamily at 5642 South Michigan Avenue,

5621 South State Street

  • 1 Unit for Sale
5621 South State Street, Chicago, IL 60637 Land in Washington Park
Multifamily at 5642 South Michigan Avenue,

5647 South State Street

  • 1 Unit for Sale
5647 South State Street, Chicago, IL 60621 Land in Washington Park
Multifamily at 5642 South Michigan Avenue,

5631 South State Street

  • 1 Unit for Sale
5631 South State Street, Chicago, IL 60621 Land in Washington Park
Multifamily at 5642 South Michigan Avenue,

5517 South Michigan Avenue

  • 1 Unit for Sale
5517 South Michigan Avenue, Chicago, IL 60637 Commercial in Washington Park
Multifamily at 5642 South Michigan Avenue,

5536 South State Street

  • 1 Unit for Sale
5536 South State Street, Chicago, IL 60621 Land in Washington Park
Multifamily at 5642 South Michigan Avenue,

5762 South State Street

  • 1 Unit for Sale
5762 South State Street, Chicago, IL 60621 Land in Washington Park

Nearby Rentals

Unit for rent at 212 E 44th Street, Chicago, IL, 60653

$2,350 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,850 ft²
212 E 44th Street #2, Chicago, IL, 60653 Listing by Santosh Chandy
Unit for rent at 1322 E 62nd Street, Chicago, IL, 60637

$5,100 /mo

  • 5 Beds
  • 3 Baths
  • 1,900 ft²
1322 E 62nd Street, Chicago, IL, 60637 Listing by Travis Montgomery
Unit for rent at 743 E 69th Place, Chicago, IL, 60637

$1,600 /mo

  • 3 Beds
  • 1 Bath
  • 900 ft²
743 E 69th Place #2, Chicago, IL, 60637 Listing by Jonathan Lopez
Unit for rent at 129 E 72nd Street, Chicago, IL, 60619

$1,350 /mo

  • 1 Bed
  • 1 Bath
  • 1,000 ft²
129 E 72nd Street #2, Chicago, IL, 60619 Listing by Roshaunta Lewis
Unit for rent at 1209 E 46th Street, Chicago, IL, 60653

$3,250 /mo

  • 3 Beds
  • 2 Baths
1209 E 46th Street #4E, Chicago, IL, 60653 Listing by Jillian Winston
Unit for rent at 456 W 44th Street, Chicago, IL, 60609

$1,800 /mo

  • 2 Beds
  • 2 Baths
  • 1,146 ft²
456 W 44th Street #1, Chicago, IL, 60609 Listing by Theodore Burns
Unit for rent at 414 W Englewood Avenue, Chicago, IL, 60621

$1,410 /mo

  • 2 Beds
  • 1 Bath
  • 950 ft²
414 W Englewood Avenue #2, Chicago, IL, 60621 Listing by Michala Hood

Frequently Asked Questions

What neighborhood is 5642 South Michigan Avenue located in?
The 5642 South Michigan Avenue is a multifamily located in the neighborhood of Washington Park in South Side, Chicago.
What is the average sales price for listings in 5642 South Michigan Avenue?
The average sales price for units in 5642 South Michigan Avenue is $309,000 currently.

Quantcast