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6943 South King Drive

6943 South King Drive, Chicago, IL 60637
Multifamily in Park Manor
Sold Jul 12, 2022
$270,000
$281,250 by Bpl Mortgage Trust Llc
Mortgage Due Jun 01, 2053
Sold Apr 29, 2013
$143,500
Local assessors in Chicago, IL have categorized 6943 South King Drive as a residential type of property. The home was built in 1910 and is 114 years old. The property's lot size has been calculated to be 3,100 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 250 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, 4 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 6943 South King Drive has a total of 2,082 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 6943 South King Drive was last sold in Jun 23, 2022 for $270,000. According to our calculations, that's $129.68 per sqft. Prior to that sales transaction, the property was sold for $143,500 in Apr 5, 2013. Current property owners are expected to pay $2,403 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 6943 South King Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $11,683. To break that down further, the land itself was valued at $3,875. While improvements to the property were assessed at a total of $7,808. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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

Parking

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

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • 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: 2
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,100
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 2,082
  • Gross Building Area: 2,082
  • Building Area: 2,082
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,082
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JOHNSTON & CLEMENTS
  • Land Acres: 0.071
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (JOHNSTON) & (CLEMENTS) SUB WH SE EX RR WH SE SEC 22-38-14

Ownership

  • Current Owner : PLATINUM PORTFOLIOS INVESTMENTS LLC
  • Previous Owner : DREAMWEAVER INVESTMENTS LLC
  • Owner Before Previous Owner: 3 KINGS VENTURES LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 690500

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 70
  • Parcel: 20-22-414-015-0000
  • Block: 10
  • Lot: 18
  • Meridian: SEC 22 TWN 38N RNG 14E
  • Municipality: HYDE PARK
  • Latitude: 41.7681
  • Longitude: -87.615

    Address

  • Full Address: 6943 S King Dr
  • Address - House Number: 6943
  • Street Direction: S
  • Address - Street Name: King
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Chicago
  • Carrier Code: C037
  • 4-Digit Zip Code: 6325
  • Zip Code: 60637

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,403
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 70083

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $281,250
  • First Open Lien Mortgage Lender: BPL MORTGAGE TRUST LLC
  • First Open Lien Mortgage Recording Date: Jun 05, 2023
  • First Open Lien Mortgage Loan Amount: $281,250
  • 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: Jun 01, 2053

    Market Valuation

  • Market Total Value: $116,830
  • Market Land Value: $38,750
  • Market Improvement Value: $78,080

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $11,683
  • Assessed Land Value: $3,875
  • Assessed Improvements Value: $7,808

    Sales

  • Current Sale Contract Date: Jun 23, 2022
  • Current Sale Recording Date: Jul 12, 2022
  • Current Sale Transaction ID: 11905292951
  • Current Sale Price: $270,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 33452
  • Previous Sale Recording Date: Apr 29, 2013
  • Previous Sale Contract Date: Apr 05, 2013
  • Previous Sale Amount: $143,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BPL MORTGAGE TRUST LLC
  • First Mortgage Transaction Date: Jul 12, 2022
  • First Mortgage Loan Amount: $255,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

About South Side



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Frequently Asked Questions

What neighborhood is 6943 South King Drive located in?
The 6943 South King Drive is a multifamily located in the neighborhood of Park Manor in South Side, Chicago.
What is the average sales price for listings in 6943 South King Drive?
The average sales price for units in 6943 South King Drive is $0 currently.

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