See Home Value
$100,067*
House - Off Market

656 W 116th Street

Chicago, IL 60628
bedrooms
4 Beds
bathrooms
1.5 Baths, 1 Half Bath
square feet
1200 Sqft
$90,000 - $100,000
Reference Base Price*
0.17%
Since Jul 1, 2023
National-US
Primary Model
Sold Apr 09, 2003
$99,000
$128,070 by Wells Fargo Bank Na
Mortgage Due May 01, 2043
Sold Mar 07, 2002
Transfer
Hud
Buyer

About This Property

Great Investment... investors who are looking for their next Great Investment... Single family home with loads of potential newer siding already in place.  4 bedroom 1-1/2 baths with a huge basement with amazing potential. Large back yard with plenty of space for adding garage the foundation is already in place.  This is a Shortsale.  Seller will NOT provide survey or termite inspection.

The manager has listed the unit size as 1200 square feet.
Unit Size
1,200Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$83
Property Type
House
Property Taxes
$98
HOA Dues
-
Year Built
1900

Price History

Date / Event Date Event Price
Jun 4, 2023 No longer available -
No longer available
Feb 22, 2023 Price Decreased $99,900
↓ $10K (9.2%)
Price Decreased
Dec 20, 2022 Listed $109,999
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,875
  • Total Building Area: 902
  • Gross Building Area: 902
  • Building Area: 902
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 902
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RASCHER & STEINBERGS SUBDIVISI
  • Land Acres: 0.089
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOTS29-35 SHARPSHOOTERS PARK SUB SW 4 S21 T37N R14E 3P

Ownership

  • Current Owner : SAWYER RODERICK
  • Current Owner 2: SAWYER MARY
  • Previous Owner : BECK EAMIEL
  • Owner Before Previous Owner: JACKSON TERRENCE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 530200

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 25-21-301-013-0000
  • Lot: 7
  • Meridian: SEC 21 TWN 37N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.6843
  • Longitude: -87.6396

    Address

  • Full Address: 656 W 116th St
  • Address - House Number: 656
  • Street Direction: W
  • Address - Street Name: 116th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C044
  • 4-Digit Zip Code: 5240
  • Zip Code: 60628

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 72003

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 103,805
  • High Value: 114,300
  • Low Value: 93,309

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $128,070
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: May 21, 2013
  • First Open Lien Mortgage Loan Amount: $128,070
  • 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, 2043

    Market Valuation

  • Market Total Value: $27,020
  • Market Land Value: $15,500
  • Market Improvement Value: $11,520

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,702
  • Assessed Land Value: $1,550
  • Assessed Improvements Value: $1,152

    Sales

  • Current Sale Contract Date: Feb 19, 2003
  • Current Sale Recording Date: Apr 09, 2003
  • Current Sale Transaction ID: 1145731719
  • Current Sale Price: $99,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 0030475647
  • Previous Sale Recording Date: Mar 07, 2002
  • Previous Sale Contract Date: Mar 01, 2001
  • Previous Sale Document Type: Legal Action/Court Order

    Last Sale Mortgage

  • First Mortgage Lender: LEGACY MTG CORP
  • First Mortgage Transaction Date: Apr 09, 2003
  • First Mortgage Loan Amount: $97,470
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Mar 01, 2033



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1.5 Baths
900 ft²
$111/ft²
$99,900 Feb 18, 2023
-
$59/mo
House
3 Beds
1.5 Baths
1,826 ft²
$55/ft²
$100,000 Dec 12, 2022
-
$67/mo
Multifamily
3 Beds
1.5 Baths
798 ft²
$132/ft²
$105,000 Jan 30, 2023
-
$34/mo
Multifamily
4 Beds
-
-
$99,900 Dec 9, 2022
-
$133/mo
Multifamily
4 Beds
-
-
$110,000 Jan 30, 2023
-
$50/mo
Commercial
Loft
-
600 ft²
$199/ft²
$119,500 May 27, 2022
-
$226/mo

About Far South Chicago


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Frequently Asked Questions

When was property at 656 West 116th Street built and last sold?
The property at 656 West 116th Street was built in 1900 and last sold on Feb 19, 2003 for $99,000.
How much is this home worth?
The estimated value of the home located at 656 West 116th Street is $114,226.
What are some comparable homes to 656 West 116th Street?
Homes that are comparable to 656 West 116th Street include a house property at 11243 South Normal Avenue, a multifamily property at 1011 West 116th Street, 11717 South Princeton Avenue.

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