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5695 North Lincoln Avenue

5695 North Lincoln Avenue, Chicago, IL 60659
Property in Arcadia Terrace
Sold Aug 25, 2015
$450,000
$300,000 by Motorola Employees Cu
Mortgage Due Sep 01, 2026
Sold Apr 22, 2015
$27,500
On
Seller
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5695 North Lincoln 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 1957 and is 67 years old. The home has a total of 8 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5695 North Lincoln Avenue has 4,761 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 4,725 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 good. 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. 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, 5695 North Lincoln Avenue sold most recently in Aug 17, 2015 for a total of $450,000. If you work out the math, that's approximately a cost of $94.52 per sqft. Before that, the property was also sold for $27,500 in Mar 4, 2015. 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 $8,347 in taxes each year. 5695 North Lincoln Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $44,000. If we break it down further, the land itself was valued at $14,103. Improvements to the property, however, were assessed at a total of $29,897. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 3
  • Business/Commerical Units Count: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,725
  • Total Building Area: 4,761
  • Gross Building Area: 4,761
  • Building Area: 4,761
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 4,761
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: KAISER & COMPANYS 2ND
  • Land Acres: 0.109
  • Standard Land Use Code: Misc Residential improvement
  • Legal Description 1: W F (KAISER) & (COMPANYS)(2ND) ADD TO ARCADIA TERRACE SUB SEC 01-40-13

Ownership

  • Current Owner : SARANDA MANAGEMENT LLC
  • Previous Owner : THE HUNTER INSTITUTE
  • Owner Before Previous Owner: ON
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 020801

Zoning

  • Zoning: B3-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-01-417-057-0000
  • Block: 32
  • Lot: 14,13
  • Meridian: SEC 01 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9851
  • Longitude: -87.698

    Address

  • Full Address: 5695 N Lincoln Ave
  • Address - House Number: 5695
  • Street Direction: N
  • Address - Street Name: Lincoln
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C015
  • 4-Digit Zip Code: 4923
  • Zip Code: 60659

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,347
  • Tax Rate Code Area: 71053

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $300,000
  • First Open Lien Mortgage Lender: MOTOROLA EMPLOYEES CU
  • First Open Lien Mortgage Recording Date: Aug 23, 2016
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $300,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2026

    Market Valuation

  • Market Total Value: $440,000
  • Market Land Value: $141,030
  • Market Improvement Value: $298,970

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $44,000
  • Assessed Land Value: $14,103
  • Assessed Improvements Value: $29,897

    Sales

  • Current Sale Contract Date: Aug 17, 2015
  • Current Sale Recording Date: Aug 25, 2015
  • Current Sale Transaction ID: 1269024134
  • Current Sale Price: $450,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1523719150
  • Previous Sale Recording Date: Apr 22, 2015
  • Previous Sale Contract Date: Mar 04, 2015
  • Previous Sale Amount: $27,500
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: GERALD LIPKIN
  • First Mortgage Transaction Date: Aug 25, 2015
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 17
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Feb 17, 2017

    Financing

  • First Mortgage Financing Type: Unknown

About North Side



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Frequently Asked Questions

What neighborhood is 5695 North Lincoln Avenue located in?
The 5695 North Lincoln Avenue is a located in the neighborhood of Arcadia Terrace in North Side, Chicago.
What is the average sales price for listings in 5695 North Lincoln Avenue?
The average sales price for units in 5695 North Lincoln Avenue is $0 currently.

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