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6550 South Rockwell Street

6550 South Rockwell Street, Chicago, IL 60629
Multifamily in Marquette Park
Sold Oct 15, 2018
$115,000
$209,605 by Home Point Financial Corporati
Mortgage Due Dec 01, 2051
Sold Nov 16, 1994
$80,000
$79,550 by American States Mtg Inc
Mortgage Due Dec 01, 2024
Local assessors in Chicago, IL have categorized 6550 South Rockwell Street as a residential type of property. The home was built in 1924 and is 100 years old. The property's lot size has been calculated to be 3,750 square feet. The linear feet between the front and back of the lot was measured at 1,250 ft and the front of the lot was measured at 300 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 6 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 6550 South Rockwell Street has a total of 2,192 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of tar and gravel. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a hot water heating system is the primary heating source. The property was last sold in Oct 12, 2018 for $115,000. That's $52.46 per sqft. Prior to that sales transaction, the property was also sold in Nov 14, 1994 for $80,000. 6550 South Rockwell Street was last assessed in 2022. The total value of the property was assessed at $15,000. Specifically, the land the property is located on was valued at $3,000. While improvements on the property were assessed at a total of $12,000. 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 $2,395. 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: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 3
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,750
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 300
  • Total Building Area: 2,192
  • Gross Building Area: 2,192
  • Building Area: 2,192
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,192
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: AVONDALE ADD
  • Land Acres: 0.086
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: CHARLES HULL (EWING) RESUB OF LTS 1-48 BOTH INCL IN B LK 3 IN AVONDALE ADD TO CHICAGO SUB OF WH NE SEC 24-38-13

Ownership

  • Current Owner : MORENO LUIS ANTONIO
  • Previous Owner : TURNER EVELYN
  • Owner Before Previous Owner: LUCAS BRONISLAVA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 660800

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 19-24-219-035-0000
  • Block: 3
  • Lot: 1-48
  • Meridian: SEC 24 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.774
  • Longitude: -87.6887

    Address

  • Full Address: 6550 S Rockwell St
  • Address - House Number: 6550
  • Street Direction: S
  • Address - Street Name: Rockwell
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C002
  • 4-Digit Zip Code: 1736
  • Zip Code: 60629

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,395
  • Tax Rate Code Area: 72014

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $209,605
  • First Open Lien Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Open Lien Mortgage Recording Date: Dec 01, 2021
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $209,605
  • 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: Dec 01, 2051

    Market Valuation

  • Market Total Value: $150,000
  • Market Land Value: $30,000
  • Market Improvement Value: $120,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $15,000
  • Assessed Land Value: $3,000
  • Assessed Improvements Value: $12,000

    Sales

  • Current Sale Contract Date: Oct 12, 2018
  • Current Sale Recording Date: Oct 15, 2018
  • Current Sale Transaction ID: 11521596385
  • Current Sale Price: $115,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1828857103
  • Previous Sale Recording Date: Nov 16, 1994
  • Previous Sale Contract Date: Nov 14, 1994
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEIGHBORHOOD LOANS
  • First Mortgage Transaction Date: Oct 15, 2018
  • First Mortgage Loan Amount: $112,637
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2048

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN STATES MTG INC
  • Previous Mortgage Transaction Date: Nov 16, 1994
  • Previous Mortgage Loan Amount: $79,550
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Dec 01, 2024

About South Side



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Frequently Asked Questions

What neighborhood is 6550 South Rockwell Street located in?
The 6550 South Rockwell Street is a multifamily located in the neighborhood of Marquette Park in South Side, Chicago.
What is the average sales price for listings in 6550 South Rockwell Street?
The average sales price for units in 6550 South Rockwell Street is $0 currently.

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