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7033 South Vernon Avenue

7033 South Vernon Avenue, Chicago, IL 60637
Multifamily in Park Manor
Sold Sep 09, 2019
$136,000
$408,750 by Lima One Capital Llc
Mortgage Due Apr 01, 2051
Sold Dec 11, 2013
$32,000
7033 South Vernon 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 1910 and is 114 years old. The home has a total of 16 rooms. 8 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 7033 South Vernon Avenue has 5,424 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 6,200 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 masonry 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 tar and gravel. The exterior walls of the building are made of masonry. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Aug 8, 2019 for $136,000. That's $25.07 per sqft. Prior to that sales transaction, the property was also sold in Oct 3, 2013 for $32,000. 7033 South Vernon Avenue was last assessed in 2023. The total value of the property was assessed at $15,000. Specifically, the land the property is located on was valued at $7,750. While improvements on the property were assessed at a total of $7,250. 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 $3,085. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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.

Building Features

Exterior

Brick Exterior
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: 16
  • Bedroom Count: 8
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • 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: 8
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,200
  • Lot Size Depth Feet: 1,250
  • Total Building Area: 5,424
  • Gross Building Area: 5,424
  • Building Area: 5,424
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 5,424
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: JOHNSTON & CLEMENTS
  • Land Acres: 0.142
  • 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 : ASK QUINN PROPERTIES LLC
  • Previous Owner : NATIONAL ASSOCIATION FOR DEBT EDU & ASSI
  • Owner Before Previous Owner: FEDERAL HOME LOAN MORTGAGE CORPORATION
  • 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: 20-22-420-010-0000
  • Block: 15
  • Lot: 13,14
  • Meridian: SEC 22 TWN 38N RNG 14E
  • Municipality: HYDE PARK
  • Latitude: 41.7666
  • Longitude: -87.6136

    Address

  • Full Address: 7033 S Vernon Ave
  • Address - House Number: 7033
  • Street Direction: S
  • Address - Street Name: Vernon
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C037
  • 4-Digit Zip Code: 6601
  • Zip Code: 60637

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,085
  • Tax Rate Code Area: 70083

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 334,046
  • High Value: 419,401
  • Low Value: 248,690

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $408,750
  • First Open Lien Mortgage Lender: LIMA ONE CAPITAL LLC
  • First Open Lien Mortgage Recording Date: Jun 11, 2021
  • First Open Lien Mortgage Loan Amount: $408,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Market Valuation

  • Market Total Value: $150,000
  • Market Land Value: $77,500
  • Market Improvement Value: $72,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,000
  • Assessed Land Value: $7,750
  • Assessed Improvements Value: $7,250

    Sales

  • Current Sale Contract Date: Aug 08, 2019
  • Current Sale Recording Date: Sep 09, 2019
  • Current Sale Transaction ID: 11643888873
  • Current Sale Price: $136,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 1925208293
  • Previous Sale Recording Date: Dec 11, 2013
  • Previous Sale Contract Date: Oct 03, 2013
  • Previous Sale Amount: $32,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LIMA ONE CAPITAL LLC
  • First Mortgage Transaction Date: Sep 09, 2019
  • First Mortgage Loan Amount: $251,595
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Oct 01, 2020

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Frequently Asked Questions

What neighborhood is 7033 South Vernon Avenue located in?
The 7033 South Vernon Avenue is a multifamily located in the neighborhood of Park Manor in South Side, Chicago.
What is the average sales price for listings in 7033 South Vernon Avenue?
The average sales price for units in 7033 South Vernon Avenue is $0 currently.

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