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58 East Elm Street

58 East Elm Street, Chicago, IL 60610
Property in Gold Coast
Sold Apr 18, 2022
Transfer
$1,660,000 by Draper And Kramer Mortgage Cor
Mortgage Due May 01, 2052
Sold Apr 18, 2022
$20,875,000
$1,660,000 by Draper And Kramer Mortgage Cor
Mortgage Due May 01, 2052
58 East Elm Street in Chicago, IL was first built in 1880 and is 144 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a row home style. There are a total of 3 floors. There are a total of 12 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 58 East Elm Street has 2,703 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. The linear feet across the front of the lot is 170 ft and the linear feet between the front and back of the lot is 1,030. In total, the area measurement of the land is 1,733 square feet.

Learn more about the property and building on this page. The roof of the home is made of tar and gravel. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a detached garage. There is one available parking space. 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. There are 4 fireplaces in the home. Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Prior to that sales transaction, the property was also sold in Apr 5, 2022 for $20,875,000. 58 East Elm Street was last assessed in 2023. The total value of the property was assessed at $190,000. Specifically, the land the property is located on was valued at $43,325. While improvements on the property were assessed at a total of $146,675. 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 $37,813. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Row home
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 3
  • Living Units: 4
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 1,733
  • Lot Size Depth Feet: 1,030
  • Lot Size Frontage Feet: 170
  • Total Building Area: 2,703
  • Gross Building Area: 2,703
  • Building Area: 2,703
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 4
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,703
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SYLVAN WOODS
  • Land Acres: 0.04
  • Standard Land Use Code: Townhouse (residential)

Ownership

  • Current Owner : OSOFSKY HARI M
  • Current Owner 2: GITELSON JOSHUA D
  • Previous Owner : MAGNUSON MICHAEL S
  • Previous Owner 2: MAGNUSON CONSTANCE F
  • Owner Before Previous Owner: MAGNUSON MICHAEL S
  • Owner Before Previous Owner 2: MAGNUSON CONSTANCE F
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 081202

Zoning

  • Zoning: DR-3

Geography

  • Assessors Map Reference: 02S-20-01
  • District: 74
  • Parcel: 17-03-200-049-0000
  • Lot: 19,18
  • Meridian: SEC 03 TWN 39N RNG 14E
  • Municipality: NORTH CHICAGO
  • Latitude: 41.9035
  • Longitude: -87.6265

    Address

  • Full Address: 58 E Elm St
  • Address - House Number: 58
  • Street Direction: E
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C099
  • 4-Digit Zip Code: 1016
  • Zip Code: 60611

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $37,813
  • Tax Rate Code Area: 74002

    Appraisal Valuation

  • Standard Deviation: 0.2591
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 63
  • Final Value: 1,796,015
  • High Value: 2,261,452
  • Low Value: 1,330,577

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,660,000
  • First Open Lien Mortgage Lender: DRAPER AND KRAMER MORTGAGE COR
  • First Open Lien Mortgage Recording Date: Apr 18, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,660,000
  • 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: May 01, 2052

    Market Valuation

  • Market Total Value: $1,900,000
  • Market Land Value: $433,250
  • Market Improvement Value: $1,466,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $190,000
  • Assessed Land Value: $43,325
  • Assessed Improvements Value: $146,675

    Sales

  • Current Sale Contract Date: Apr 05, 2022
  • Current Sale Recording Date: Apr 18, 2022
  • Current Sale Transaction ID: 11889937560
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2210818280
  • Previous Sale Recording Date: Apr 18, 2022
  • Previous Sale Contract Date: Apr 05, 2022
  • Previous Sale Amount: $20,875,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: DRAPER AND KRAMER MORTGAGE COR
  • Previous Mortgage Transaction Date: Apr 18, 2022
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,660,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2052

About Central Chicago



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Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$1,400 /mo

  • 1 Bed
  • 1 Bath
Listing by Manager

Frequently Asked Questions

What neighborhood is 58 East Elm Street located in?
The 58 East Elm Street is a located in the neighborhood of Gold Coast in Central Chicago, Chicago.
What is the average sales price for listings in 58 East Elm Street?
The average sales price for units in 58 East Elm Street is $0 currently.

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