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5703 West Waveland Avenue

5703 West Waveland Avenue, Chicago, IL 60634
Property in Portage Park
Sold Jul 27, 2022
$605,000
$556,600 by Guaranteed Rate Affinity Llc
Mortgage Due Aug 01, 2052
Sold May 13, 2019
$395,000
$316,000 by Compass Mortgage Inc
Mortgage Due May 01, 2049
5703 West Waveland 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 1924 and is 100 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5703 West Waveland Avenue has 1,861 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 1,250 ft and across the front of the lot is 280 ft. The area measurement of the land has been determined as 3,566 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 detached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. 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 frame 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 wood. 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. The property was last sold in Jul 20, 2022 for $605,000. That's $325.09 per sqft. Prior to that sales transaction, the property was also sold in Apr 22, 2019 for $395,000. 5703 West Waveland Avenue was last assessed in 2023. The total value of the property was assessed at $43,377. Specifically, the land the property is located on was valued at $9,985. While improvements on the property were assessed at a total of $33,392. 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 $6,676. 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: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,566
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 280
  • Total Building Area: 1,861
  • Gross Building Area: 1,861
  • Building Area: 1,861
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,861
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ZAN DERS ADD
  • Land Acres: 0.082
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HERMAN L. (MAGNUSONS) RESUB OF LT 98 IN KOESTER & ZAN DERS ADD TO W. IRVING PARK SUB OF SH NE SEC 20-40-13

Ownership

  • Current Owner : SUAREZ ANDREW
  • Current Owner 2: NUNEZ DANIEL
  • Previous Owner : LEIVA GLORIA
  • Previous Owner 2: LEIVA FRED
  • Owner Before Previous Owner: MAZEK MICHAEL
  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 150600

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-20-226-018-0000
  • Lot: 98
  • Meridian: SEC 20 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9474
  • Longitude: -87.7695

    Address

  • Full Address: 5703 W Waveland Ave
  • Address - House Number: 5703
  • Street Direction: W
  • Address - Street Name: Waveland
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C026
  • 4-Digit Zip Code: 2662
  • Zip Code: 60634

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,676
  • Tax Rate Code Area: 71001

    Appraisal Valuation

  • Standard Deviation: 0.2281
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 562,092
  • High Value: 690,320
  • Low Value: 433,865

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $556,600
  • First Open Lien Mortgage Lender: GUARANTEED RATE AFFINITY LLC
  • First Open Lien Mortgage Recording Date: Jul 27, 2022
  • First Open Lien Mortgage Loan Amount: $556,600
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2052

    Market Valuation

  • Market Total Value: $433,770
  • Market Land Value: $99,850
  • Market Improvement Value: $333,920

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,377
  • Assessed Land Value: $9,985
  • Assessed Improvements Value: $33,392

    Sales

  • Current Sale Contract Date: Jul 20, 2022
  • Current Sale Recording Date: Jul 27, 2022
  • Current Sale Transaction ID: 11905375767
  • Current Sale Price: $605,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 12030
  • Previous Sale Recording Date: May 13, 2019
  • Previous Sale Contract Date: Apr 22, 2019
  • Previous Sale Amount: $395,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE AFFINITY LLC
  • First Mortgage Transaction Date: Jul 27, 2022
  • First Mortgage Loan Amount: $556,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: COMPASS MORTGAGE INC
  • Previous Mortgage Transaction Date: May 13, 2019
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $316,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2049

About Northwest Side



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Frequently Asked Questions

What neighborhood is 5703 West Waveland Avenue located in?
The 5703 West Waveland Avenue is a located in the neighborhood of Portage Park in Northwest Side, Chicago.
What is the average sales price for listings in 5703 West Waveland Avenue?
The average sales price for units in 5703 West Waveland Avenue is $0 currently.

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