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5840 North Wayne Avenue

5840 North Wayne Avenue, Chicago, IL 60660
Property in Magnolia Glen
Sold Aug 17, 2018
$220,000
$208,050 by Guaranteed Rate Inc
Mortgage Due Sep 01, 2048
Sold Jun 08, 2006
$233,210
$209,800 by Lakeshore Funding Inc
Mortgage Due Jun 01, 2036
5840 North Wayne 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 1927 and is 97 years old. The home has a total of 2 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. In addition, 5840 North Wayne Avenue has 18,128 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 6,250 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5840 North Wayne Avenue was last sold in Aug 15, 2018 for $220,000. According to our calculations, that's $12.14 per sqft. Prior to that sales transaction, the property was sold for $233,210 in May 15, 2006. Current property owners are expected to pay $5,142 in taxes per year. The property on 5840 North Wayne Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $25,000. To break that down further, the land itself was valued at $4,200. While improvements to the property were assessed at a total of $20,800. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1927
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Style: Condo
  • Living Units: 3
  • Business/Commerical Units Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Total Building Area: 18,128
  • Gross Building Area: 18,128
  • Building Area: 18,128
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 18,128
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VALENCIA CONDO
  • Land Acres: 0.144
  • Standard Land Use Code: Condominium unit (residential)

Ownership

  • Current Owner : DIEBOLT JOCELYN A
  • Current Owner 2: GIBSON ADAM K
  • Previous Owner : SUMBER JEFFREY
  • Owner Before Previous Owner: SWANSON PETER C
  • Owner Before Previous Owner 2: FLINTOFT ANNA E
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 030500

Zoning

  • Zoning: RT-3.5

Geography

  • District: 73
  • Parcel: 14-05-313-024-1012
  • Meridian: SEC 05 TWN 40N RNG 14E
  • Municipality: LAKE VIEW
  • Latitude: 41.9879
  • Longitude: -87.6636

    Address

  • Full Address: 5840 N Wayne Ave
  • Address - House Number: 5840
  • Street Direction: N
  • Address - Street Name: Wayne
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C089
  • 4-Digit Zip Code: 5510
  • Zip Code: 60660

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,142
  • Tax Rate Code Area: 73105

    Appraisal Valuation

  • Standard Deviation: 0.2249
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 347,195
  • High Value: 425,294
  • Low Value: 269,095

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $208,050
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Aug 17, 2018
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $208,050
  • 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: Sep 01, 2048

    Market Valuation

  • Market Total Value: $250,000
  • Market Land Value: $42,000
  • Market Improvement Value: $208,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,000
  • Assessed Land Value: $4,200
  • Assessed Improvements Value: $20,800

    Sales

  • Current Sale Contract Date: Aug 15, 2018
  • Current Sale Recording Date: Aug 17, 2018
  • Current Sale Transaction ID: 11497634556
  • Current Sale Price: $220,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1822908056
  • Previous Sale Recording Date: Jun 08, 2006
  • Previous Sale Contract Date: May 15, 2006
  • Previous Sale Amount: $233,210
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Aug 17, 2018
  • First Mortgage Loan Amount: $208,050
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2048

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: LAKESHORE FUNDING INC
  • Previous Mortgage Transaction Date: Jun 08, 2006
  • Previous Mortgage Loan Amount: $209,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Jun 01, 2036

About North Side



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Frequently Asked Questions

What neighborhood is 5840 North Wayne Avenue located in?
The 5840 North Wayne Avenue is a located in the neighborhood of Magnolia Glen in North Side, Chicago.
What is the average sales price for listings in 5840 North Wayne Avenue?
The average sales price for units in 5840 North Wayne Avenue is $0 currently.

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