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Chicago 60629 Gage Park
5843 S Artesian Avenue
$185,000
● House - Off Market

5843 S Artesian Avenue

Chicago, IL 60629
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,150 Ft²
$220,341
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

2000 sq ft plus Brick 2 story home on a 30 x 124 foot lot. Has tall ceilings and a bed room on 1st level with a full bath. The second level has 3 bedrooms, an office and a spacious landing with a door to the front balcony. The basement is unfinished with tall ceilings. Lots of space,  needs work and a new owner. No Fha or VA. Please allow 48 hours to show and follow Covid-19 precautions. Masks and shoe covers
Unit Size
2,150 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$93
Property Type
House
Property Taxes
$224
HOA Dues
-
Year Built
1916

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11165726)

Price History

Date / Event Date Event Price
Dec 3, 2021 Sold
Premium
Sold
Jul 22, 2021 Listed by Coldwell Banker Realty $200,000
Listed by Coldwell Banker Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1916
  • Effective Year Built: 1916
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 63
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,690
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 300
  • Total Building Area: 2,150
  • Gross Building Area: 2,150
  • Building Area: 2,150
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,150
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COBE & MCKINNONS 59TH ST & WESTERN
  • Land Acres: 0000000085
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05
  • Legal Description 1: (COBE) & (MCKINNONS) (59TH) ST & (WESTERN) AVE SUB OF SE NE & NE SE SEC 13-38-13

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 835100

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: 023-108-04
  • District: 72
  • Parcel: 19-13-227-015-0000
  • Block: 8
  • Lot: 29
  • Meridian: SEC 13 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.7871
  • Longitude: -87.6847

    Address

  • Full Address: 5843 S Artesian Ave
  • Address - House Number: 5843
  • Street Direction: S
  • Address - Street Name: Artesian
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C009
  • 4-Digit Zip Code: 1111
  • Zip Code: 60629

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $351,649
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.2529
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 255,556
  • High Value: 320,193
  • Low Value: 190,920

    Market Valuation

  • Market Total Value: $170,000
  • Market Land Value: $29,520
  • Market Improvement Value: $140,480

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,000
  • Assessed Land Value: $2,952
  • Assessed Improvements Value: $14,048

    Sales

  • Current Sale Contract Date: Dec 03, 2021
  • Current Sale Recording Date: Dec 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2135412250
  • Previous Sale Recording Date: Apr 05, 2011
  • Previous Sale Contract Date: Mar 18, 2011
  • Previous Sale Amount: $20,000
  • Previous Sale Document Type: 68

    Financing

  • First Mortgage Financing Type: UNK
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Southwest Side

Stats & Trends

Median Asking:

$368,000

Sale Price/ft²

$240

Above Asking

54.53%

Average Days on Market

49

Average Home Size

1042 ft²

Average Home Age

86.7 years

Currently For Sale

280 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Harry Rivera, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11165726
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 5843 South Artesian Avenue built and last sold?
The property at 5843 South Artesian Avenue was built in 1916 and last sold on Dec 3, 2021 for $185,000.
How much is this home worth?
The estimated value of the home located at 5843 South Artesian Avenue is $216,614.
What are some comparable homes to 5843 South Artesian Avenue?
There are currently no comparable homes to 5843 South Artesian Avenue.
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