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6039 North Ridge Avenue

6039 North Ridge Avenue, Chicago, IL 60660
Multifamily in Edgewater
Sold Mar 28, 2024
$710,000
Buyer
Seller
$674,500 by Towne Mortgage Company
Mortgage Due Apr 01, 2054
Sold Mar 18, 2020
$516,000
$464,400 by First Financial Cu
Mortgage Due Apr 01, 2050
6039 North Ridge 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 1902 and is 122 years old. The home has a total of 12 rooms. 6 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 6039 North Ridge Avenue has 2,389 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 2,975 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily 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 no garage for those who require parking. 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 materials that we aren't sure of. The exterior walls of the building are made of wood. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system. 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, 6039 North Ridge Avenue was last sold in Mar 18, 2024 for $710,000. According to our calculations, that's $297.20 per sqft. Prior to that sales transaction, the property was sold for $516,000 in Mar 13, 2020. Current property owners are expected to pay $7,202 in taxes per year. The property on 6039 North Ridge Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $35,014. To break that down further, the land itself was valued at $14,875. While improvements to the property were assessed at a total of $20,139. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1902
  • Effective Year Built: 1902
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Wood
  • Roof Cover Type: Other
  • Floor Count: 2
  • Living Units: 3
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,975
  • Total Building Area: 2,389
  • Gross Building Area: 2,389
  • Building Area: 2,389
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,389
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: KEMPERS HIGH RIDGE
  • Land Acres: 0.068
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (KEMPERS)(HIGH)(RIDGE) SUB SEC 06-40-14

Ownership

  • Current Owner : PETROS EYASU
  • Previous Owner : TRICYCLE LP
  • Owner Before Previous Owner: STARGATE INVESTMENTS LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 030300

Zoning

  • Zoning: C1-2

Geography

  • Assessors Map Reference: 17N-20-03
  • District: 73
  • Parcel: 14-06-221-030-0000
  • Block: 2
  • Lot: 35
  • Meridian: SEC 06 TWN 40N RNG 14E
  • Municipality: LAKE VIEW
  • Latitude: 41.9914
  • Longitude: -87.673

    Address

  • Full Address: 6039 N Ridge Ave
  • Address - House Number: 6039
  • Street Direction: N
  • Address - Street Name: Ridge
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C093
  • 4-Digit Zip Code: 0191
  • Zip Code: 60660

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,202
  • Tax Rate Code Area: 73020

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 432,392
  • High Value: 542,876
  • Low Value: 321,907

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $674,500
  • First Open Lien Mortgage Lender: TOWNE MORTGAGE COMPANY
  • First Open Lien Mortgage Recording Date: Mar 28, 2024
  • First Open Lien Mortgage Loan Amount: $674,500
  • 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, 2054

    Market Valuation

  • Market Total Value: $350,140
  • Market Land Value: $148,750
  • Market Improvement Value: $201,390

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,014
  • Assessed Land Value: $14,875
  • Assessed Improvements Value: $20,139

    Sales

  • Current Sale Contract Date: Mar 18, 2024
  • Current Sale Recording Date: Mar 28, 2024
  • Current Sale Transaction ID: 11923336998
  • Current Sale Price: $710,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 14035
  • Previous Sale Recording Date: Mar 18, 2020
  • Previous Sale Contract Date: Mar 13, 2020
  • Previous Sale Amount: $516,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TOWNE MORTGAGE COMPANY
  • First Mortgage Transaction Date: Mar 28, 2024
  • First Mortgage Loan Amount: $674,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2054

    Previous Mortgages

  • Previous Mortgage Lender: FIRST FINANCIAL CU
  • Previous Mortgage Transaction Date: Mar 18, 2020
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $464,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2050

About North Side



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Frequently Asked Questions

What neighborhood is 6039 North Ridge Avenue located in?
The 6039 North Ridge Avenue is a multifamily located in the neighborhood of Edgewater in North Side, Chicago.
What is the average sales price for listings in 6039 North Ridge Avenue?
The average sales price for units in 6039 North Ridge Avenue is $0 currently.

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