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5934 West 55th Street

5934 West 55th Street, Chicago, IL 60638
Sold Mar 26, 2021
$370,000
$351,500 by Guaranteed Rate Inc
Mortgage Due Apr 01, 2051
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5934 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 1970 and is 54 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5934 West 55th Street has 2,052 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 1,300 ft and across the front of the lot is 650 ft. The area measurement of the land has been determined as 7,751 square feet.

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 attached 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 frame 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 central air conditioning at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. 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, 5934 West 55th Street sold most recently in Mar 5, 2021 for a total of $370,000. If you work out the math, that's approximately a cost of $180.31 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,170 in taxes each year. 5934 West 55th Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $30,000. If we break it down further, the land itself was valued at $9,689. Improvements to the property, however, were assessed at a total of $20,311. 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. 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.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.

Building Features

Exterior

Aluminum Siding Brick Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,751
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 650
  • Total Building Area: 2,052
  • Gross Building Area: 2,052
  • Building Area: 2,052
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,052
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: THOMAS SUFFERN
  • Land Acres: 0.178
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : LOPEZ JOSHUA RAY
  • Previous Owner : SPAULDING SANDRA J
  • Previous Owner 2: SPAULDING JAMES P
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: RS-3

Geography

  • District: 72
  • Parcel: 19-08-424-142-0000
  • Lot: 18
  • Municipality: LAKE
  • Latitude: 41.7928
  • Longitude: -87.7709

    Address

  • Full Address: 5934 W 55th St
  • Address - House Number: 5934
  • Street Direction: W
  • Address - Street Name: 55th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C019
  • 4-Digit Zip Code: 2701
  • Zip Code: 60638

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,170
  • Tax Rate Code Area: 72001

    Appraisal Valuation

  • Standard Deviation: 0.2287
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 68
  • Final Value: 435,842
  • High Value: 535,539
  • Low Value: 336,145

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $351,500
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Mar 26, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $351,500
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $300,000
  • Market Land Value: $96,890
  • Market Improvement Value: $203,110

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $30,000
  • Assessed Land Value: $9,689
  • Assessed Improvements Value: $20,311

    Sales

  • Current Sale Contract Date: Mar 05, 2021
  • Current Sale Recording Date: Mar 26, 2021
  • Current Sale Transaction ID: 11827264078
  • Current Sale Price: $370,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2108512210

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Mar 26, 2021
  • First Mortgage Loan Amount: $351,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Southwest Side



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Nearby Rentals

Unit for rent at

$3,000 /mo

  • 4 Beds
  • 2.5 Baths
  • 992 ft²
Listing by Joyce Sears

Frequently Asked Questions

What neighborhood is 5934 West 55th Street located in?
The 5934 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 5934 West 55th Street?
The average sales price for units in 5934 West 55th Street is $399,900 , or $195/sqft. currently.

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