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5860 West 55th Street

5860 West 55th Street, Chicago, IL 60638
Sold Nov 09, 2017
$237,000
Sold Sep 08, 2005
$270,000
$135,000 by Decision One Mortgage Company
Mortgage Due Sep 01, 2020
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5860 West 55th 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 1958 and is 66 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5860 West 55th Street has 1,060 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 1,350 ft and across the front of the lot is 330 ft. The area measurement of the land has been determined as 4,455 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow 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 detached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. 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 asphalt. 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. The property was last sold in Nov 8, 2017 for $237,000. That's $223.58 per sqft. Prior to that sales transaction, the property was also sold in Aug 5, 2005 for $270,000. 5860 West 55th Street was last assessed in 2022. The total value of the property was assessed at $22,000. Specifically, the land the property is located on was valued at $5,569. While improvements on the property were assessed at a total of $16,431. 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 $3,843. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,455
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 330
  • Total Building Area: 1,060
  • Gross Building Area: 1,060
  • Building Area: 1,060
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,060
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.102
  • Standard Land Use Code: Single family residential
  • Legal Description 1: W1/2 W1/2 L15 SE1/4 S8 T38N R13E

Ownership

  • Current Owner : RAMOS NOE A
  • Previous Owner : FLORES RUBEN
  • Previous Owner 2: FLORES BERTHA
  • Owner Before Previous Owner: KOFRON GERALDINE
  • Owner Before Previous Owner 2: KOFRON GERALDINE E
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 560800

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: 00E-17-06
  • District: 72
  • Parcel: 19-08-424-109-0000
  • Lot: 15
  • Meridian: SEC 08 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.7929
  • Longitude: -87.7696

    Address

  • Full Address: 5860 W 55th St
  • Address - House Number: 5860
  • Street Direction: W
  • Address - Street Name: 55th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C019
  • 4-Digit Zip Code: 2718
  • Zip Code: 60638

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,843
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.2311
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 67
  • Final Value: 328,225
  • High Value: 404,094
  • Low Value: 252,357

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $55,690
  • Market Improvement Value: $164,310

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,000
  • Assessed Land Value: $5,569
  • Assessed Improvements Value: $16,431

    Sales

  • Current Sale Contract Date: Nov 08, 2017
  • Current Sale Recording Date: Nov 09, 2017
  • Current Sale Transaction ID: 11293830019
  • Current Sale Price: $237,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1731318024
  • Previous Sale Recording Date: Sep 08, 2005
  • Previous Sale Contract Date: Aug 05, 2005
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: OCMBC INC
  • First Mortgage Transaction Date: Nov 09, 2017
  • First Mortgage Loan Amount: $232,707
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Dec 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: DECISION ONE MORTGAGE COMPANY
  • Previous Mortgage Transaction Date: Sep 08, 2005
  • Previous Mortgage Loan Amount: $135,000
  • Previous Mortgage Term: 180
  • 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: Sep 01, 2020

About Southwest Side



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$1,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 5860 West 55th Street located in?
The 5860 West 55th Street is a house located in the neighborhood of Garfield Ridge in Southwest Side, Chicago.
What is the average sales price for listings in 5860 West 55th Street?
The average sales price for units in 5860 West 55th Street is $0 currently.

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