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5717 South May Street

5717 South May Street, Chicago, IL 60621
Multifamily in Englewood
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5717 South May Street 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 1900 and is 124 years old. The home has a total of 9 rooms. 5 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, 5717 South May Street has 2,348 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 250 ft. The area measurement of the land has been determined as 3,125 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 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 tar and gravel. 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, 5717 South May Street sold most recently in Jul 23, 2021 for a total of $315,000. If you work out the math, that's approximately a cost of $134.16 per sqft. Before that, the property was also sold for $38,000 in Sep 20, 2018. 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 $823 in taxes each year. 5717 South May Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $4,000. If we break it down further, the land itself was valued at $2,031. Improvements to the property, however, were assessed at a total of $1,969. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210218
02/18/2021
8 Bed
-
-
$295,000
bedrooms
8 Bed
bathrooms
-
$315,000 +6.78%
07/28/2021
Patryk Klima

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,125
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 2,348
  • Gross Building Area: 2,348
  • Building Area: 2,348
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,348
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MCCARTHYS SUB
  • Land Acres: 0.072
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: B F (JACOBS) RESUB OF BLK1 IN MCCARTHYS SUB OF WH OF SW NE SEC 17-38-14

Ownership

  • Current Owner : KNOX CHRISTOPHER S
  • Previous Owner : LICHON WACLAW
  • Owner Before Previous Owner: COSTENTINO NICK
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 680500

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jul 03, 2015
  • District: 72
  • Parcel: 20-17-217-010-0000
  • Block: 1
  • Lot: 41
  • Meridian: SEC 17 TWN 38N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.79
  • Longitude: -87.6532

    Address

  • Full Address: 5717 S May St
  • Address - House Number: 5717
  • Street Direction: S
  • Address - Street Name: May
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C043
  • 4-Digit Zip Code: 1511
  • Zip Code: 60621

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $823
  • Tax Rate Code Area: 72082

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $315,294
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Jul 28, 2021
  • 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: Apr 01, 2051
  • Second Open Lien Mortgage Lender: ILLINOIS HOUSING DEVELOPMENT A
  • Second Open Lien Mortgage Recording Date: Jul 28, 2021
  • Second Open Lien Mortgage Loan Amount: $6,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second

    Market Valuation

  • Market Total Value: $40,000
  • Market Land Value: $20,310
  • Market Improvement Value: $19,690

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $4,000
  • Assessed Land Value: $2,031
  • Assessed Improvements Value: $1,969

    Sales

  • Current Sale Contract Date: Jul 23, 2021
  • Current Sale Recording Date: Jul 28, 2021
  • Current Sale Transaction ID: 11846061880
  • Current Sale Price: $315,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2120939166
  • Previous Sale Recording Date: Sep 26, 2018
  • Previous Sale Contract Date: Sep 20, 2018
  • Previous Sale Amount: $38,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Jul 28, 2021
  • First Mortgage Loan Amount: $309,294
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

About South Side



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Frequently Asked Questions

What neighborhood is 5717 South May Street located in?
The 5717 South May Street is a multifamily located in the neighborhood of Englewood in South Side, Chicago.
What is the average sales price for listings in 5717 South May Street?
The average sales price for units in 5717 South May Street is $295,000 currently.

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