Check Availability

640 South Michigan Avenue

640 South Michigan Avenue, Addison, IL 60101
Property in Addison
Sold Apr 25, 2014
$173,000
$169,866 by Pacor Mortgage Corp
Mortgage Due May 01, 2044
640 South Michigan Avenue has been categorized by the local assessors in Addison, IL as a residential type of property. The building on the property was first built in 1962 and is 62 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 640 South Michigan Avenue has 1,392 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 127 ft and across the front of the lot is 106 ft. The area measurement of the land has been determined as 13,939 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler 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 attached garage for those who require parking. The garage measured 462 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. 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 brick control joints. The exterior walls of the building are made of brick. The property was last sold in Apr 21, 2014 for $173,000. That's $53.30 per sqft. 640 South Michigan Avenue was last assessed in 2022. The total value of the property was assessed at $89,340. Specifically, the land the property is located on was valued at $33,120. While improvements on the property were assessed at a total of $56,220. 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 $6,138. 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! 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: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Construction Type: Brick
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,392
  • Garage Type: Attached
  • Garage Square Area: 462
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 13,939
  • Lot Size Depth Feet: 127
  • Lot Size Frontage Feet: 106
  • Total Building Area: 3,246
  • Gross Building Area: 3,246
  • Building Area: 1,392
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,392
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PIONEER SQUARE
  • Land Acres: 0.32
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PIONEER SQUARE UNIT 5

Ownership

  • Current Owner : MORENO ENRIQUE C
  • Current Owner 2: HERRERA EDGAR
  • Previous Owner : KIMEK GAIL
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Addison School District 4
  • School Tax School District: ADDISON
  • Census Tract: 846702

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2971-A7
  • Parcel: 03-33-208-026
  • Lot: 239
  • Municipality: ADDISON
  • Latitude: 41.9154
  • Longitude: -87.9846

    Address

  • Full Address: 640 S Michigan Ave
  • Legal Unit: 5
  • Address - House Number: 640
  • Street Direction: S
  • Address - Street Name: Michigan
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Addison
  • Carrier Code: C008
  • 4-Digit Zip Code: 4704
  • Zip Code: 60101

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,138
  • Tax Rate Code Area: 3033

    Appraisal Valuation

  • Standard Deviation: 0.1785
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 76
  • Final Value: 348,603
  • High Value: 410,829
  • Low Value: 286,378

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $169,866
  • First Open Lien Mortgage Lender: PACOR MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Apr 25, 2014
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $169,866
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: May 01, 2044

    Market Valuation

  • Market Total Value: $268,020
  • Market Land Value: $99,360
  • Market Improvement Value: $168,660

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $89,340
  • Assessed Land Value: $33,120
  • Assessed Improvements Value: $56,220

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 21, 2014
  • Current Sale Recording Date: Apr 25, 2014
  • Current Sale Transaction ID: 1074705098
  • Current Sale Price: $173,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: R2014-034404

    Last Sale Mortgage

  • First Mortgage Lender: PACOR MORTGAGE CORP
  • First Mortgage Transaction Date: Apr 25, 2014
  • First Mortgage Loan Amount: $169,866
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2044

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Addison



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 125 S Villa Ave, Addison, IL, 60101

$1,399 /mo

  • 1 Bed
  • 1 Bath
  • 750 ft²
125 S Villa Ave #125 S Villa Avenue, Addison, IL, 60101 Listing by Salt Creek Apartments
Unit for rent at 191 S Villa Ave, addison, IL, 60101

$1,400 /mo

  • 1 Bed
  • 1 Bath
  • 750 ft²
191 S Villa Ave, Addison, IL, 60101 Listing by Manager
Unit for rent at 41 E Blecke Ave, Addison, IL, 60101

$1,379 /mo

  • 1 Bed
  • 1 Bath
41 E Blecke Ave #41 E Blecke Ave - 41 E Blecke- Unit 3C, Addison, IL, 60101 Listing by Manager
Unit for rent at 510 Mill Road 2g, Addison, IL, 60101

$1,250 /mo

  • 1 Bed
  • 1 Bath
510 Mill Road 2g #Unit 2G, Addison, IL, 60101 Listing by Manager

Frequently Asked Questions

What neighborhood is 640 South Michigan Avenue located in?
The 640 South Michigan Avenue is a located in the neighborhood of Addison in Addison, Addison.
What is the average sales price for listings in 640 South Michigan Avenue?
The average sales price for units in 640 South Michigan Avenue is $0 currently.

Quantcast