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7037 South Washtenaw Avenue

7037 South Washtenaw Avenue, Chicago, IL 60629
Multifamily in Marquette Park
Sold Jul 19, 2023
$368,000
$361,334 by Guaranteed Rate, Inc.
Mortgage Due Aug 01, 2053
Sold Oct 22, 2019
$229,000
$220,985 by Quicken Loans Inc
Mortgage Due Nov 01, 2049
7037 South Washtenaw 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 1924 and is 100 years old. The home has a total of 12 rooms. 6 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 7037 South Washtenaw Avenue has 2,624 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 1,250 ft and across the front of the lot is 290 ft. The area measurement of the land has been determined as 3,654 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 detached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. 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 asphalt. 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 hot water 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 Jul 11, 2023 for $368,000. That's $140.24 per sqft. Prior to that sales transaction, the property was also sold in Sep 29, 2019 for $229,000. 7037 South Washtenaw Avenue was last assessed in 2023. The total value of the property was assessed at $18,000. Specifically, the land the property is located on was valued at $2,923. While improvements on the property were assessed at a total of $15,077. 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 $3,723. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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

Parking

Garage Parking
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: 12
  • 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: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,654
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 290
  • Total Building Area: 2,624
  • Gross Building Area: 2,624
  • Building Area: 2,624
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,624
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HALEYS MARQUETTE PARK
  • Land Acres: 0.084
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (HALEYS)(MARQUETTE)(PARK) SUB OF EH SW SE SEC 24-38-13

Ownership

  • Current Owner : PARSON JAMES E
  • Previous Owner : WILLIAMS DERRICK
  • Owner Before Previous Owner: CARRINGTON CMNTY LLC SERIES 7037 S WASHT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 660900

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 19-24-423-013-0000
  • Block: 3
  • Lot: 30
  • Meridian: SEC 24 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.7653
  • Longitude: -87.6903

    Address

  • Full Address: 7037 S Washtenaw Ave
  • Address - House Number: 7037
  • Street Direction: S
  • Address - Street Name: Washtenaw
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C060
  • 4-Digit Zip Code: 1923
  • Zip Code: 60629

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,723
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 348,788
  • High Value: 437,910
  • Low Value: 259,665

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $361,334
  • First Open Lien Mortgage Lender: GUARANTEED RATE, INC.
  • First Open Lien Mortgage Recording Date: Jul 19, 2023
  • First Open Lien Mortgage Loan Amount: $361,334
  • 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: Aug 01, 2053

    Market Valuation

  • Market Total Value: $180,000
  • Market Land Value: $29,230
  • Market Improvement Value: $150,770

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,000
  • Assessed Land Value: $2,923
  • Assessed Improvements Value: $15,077

    Sales

  • Current Sale Contract Date: Jul 11, 2023
  • Current Sale Recording Date: Jul 19, 2023
  • Current Sale Transaction ID: 11909412646
  • Current Sale Price: $368,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 41282
  • Previous Sale Recording Date: Oct 22, 2019
  • Previous Sale Contract Date: Sep 29, 2019
  • Previous Sale Amount: $229,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE, INC.
  • First Mortgage Transaction Date: Jul 19, 2023
  • First Mortgage Loan Amount: $361,334
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: QUICKEN LOANS INC
  • Previous Mortgage Transaction Date: Oct 22, 2019
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $220,985
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Nov 01, 2049

About South Side



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Frequently Asked Questions

What neighborhood is 7037 South Washtenaw Avenue located in?
The 7037 South Washtenaw Avenue is a multifamily located in the neighborhood of Marquette Park in South Side, Chicago.
What is the average sales price for listings in 7037 South Washtenaw Avenue?
The average sales price for units in 7037 South Washtenaw Avenue is $199,900 currently.

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