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5805 South Whipple Street

5805 South Whipple Street, Chicago, IL 60629
Property in Gage Park
Sold Apr 20, 2020
$450,000
Sold Sep 20, 2005
$550,000
$336,000 by Lakeside Bank
Mortgage Due Sep 13, 2010
5805 South Whipple Street in Chicago, IL was first built in 1926 and is 98 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 multifamily style. There are a total of 2 floors. The linear feet across the front of the lot is 640 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 8,000 square feet.

Learn more about the property and building on this page. 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, 5805 South Whipple Street sold most recently in Mar 30, 2020 for a total of $450,000. Before that, the property was also sold for $550,000 in Sep 13, 2005. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $19,344 in taxes each year. 5805 South Whipple Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $94,050. If we break it down further, the land itself was valued at $7,200. Improvements to the property, however, were assessed at a total of $86,850. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Multifamily
  • Floor Count: 2
  • Living Units: 12
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,000
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 640
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WEYBURNS SUB
  • Land Acres: 0.184
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (ELMORES) RESUB OF LTS 1-11 N 7.5 FT OF LT 12 & EX N 2.5 FT OF LTS 18-46 IN WEYBURNS SUB OF BLK 6 IN MAHANS SUB IN SH NW SEC

Ownership

  • Current Owner : I & J GOOD RENTALS LLC
  • Previous Owner : BYRD ROY T
  • Owner Before Previous Owner: 5801 S WHIPPLE LLC

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 630800

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: 023-103-05
  • District: 72
  • Parcel: 19-13-127-001-0000
  • Block: 6
  • Lot: 1-12
  • Meridian: SEC 13 TWN 38N RNG 01E
  • Municipality: LAKE
  • Latitude: 41.788
  • Longitude: -87.6994

    Address

  • Full Address: 5805 S Whipple St
  • Address - House Number: 5805
  • Street Direction: S
  • Address - Street Name: Whipple
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C037
  • 4-Digit Zip Code: 2524
  • Zip Code: 60629

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $19,344
  • Tax Rate Code Area: 72001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 722,485
  • High Value: 907,093
  • Low Value: 537,876

    Market Valuation

  • Market Total Value: $940,500
  • Market Land Value: $72,000
  • Market Improvement Value: $868,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $94,050
  • Assessed Land Value: $7,200
  • Assessed Improvements Value: $86,850

    Sales

  • Current Sale Contract Date: Mar 30, 2020
  • Current Sale Recording Date: Apr 20, 2020
  • Current Sale Transaction ID: 11755025617
  • Current Sale Price: $450,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2011139059
  • Previous Sale Recording Date: Sep 20, 2005
  • Previous Sale Contract Date: Sep 13, 2005
  • Previous Sale Amount: $550,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FNBC BANK & TRUST
  • First Mortgage Transaction Date: Apr 20, 2020
  • First Mortgage Loan Amount: $337,500
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: May 20, 2025

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: LAKESIDE BANK
  • Previous Mortgage Transaction Date: Sep 20, 2005
  • Previous Mortgage Loan Amount: $336,000
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Sep 13, 2010

About Southwest Side



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Frequently Asked Questions

What neighborhood is 5805 South Whipple Street located in?
The 5805 South Whipple Street is a located in the neighborhood of Gage Park in Southwest Side, Chicago.
What is the average sales price for listings in 5805 South Whipple Street?
The average sales price for units in 5805 South Whipple Street is $0 currently.

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