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720 North Central Avenue

720 North Central Avenue, Chicago, IL 60644
Multifamily in South Austin
1 Units For Sale
Unit for sale at 720 N Central Avenue, Chicago, IL 60644

$439,900

  • 5 Beds
720 N Central Avenue, Chicago, IL 60644 Listing by Cecilia Conti

720 North Central 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 1880 and is 144 years old. The home has a total of 6 rooms. 4 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, 720 North Central Avenue has 2,332 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 5,070 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 is one available parking space. 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 frame 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 wood. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. The property was last sold in May 18, 2023 for $400,000. That's $171.53 per sqft. 720 North Central Avenue was last assessed in 2023. The total value of the property was assessed at $21,001. Specifically, the land the property is located on was valued at $4,817. While improvements on the property were assessed at a total of $16,184. 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 $3,053. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.

Building Features

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20221004
10/04/2022
5 Bed
-
-
$489,000
bedrooms
5 Bed
bathrooms
-
-
-
-
Maria Jerusalimiec
Inter-City Realty, Inc.

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,070
  • Total Building Area: 2,332
  • Gross Building Area: 2,332
  • Building Area: 2,332
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,332
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: AUSTINVILLE
  • Land Acres: 0.116
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : FREEMAN SHARITA V
  • Current Owner 2: FREEMAN WILLIAM A
  • Previous Owner : ALVARADO GERMAN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 251400

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 16-08-207-021-0000
  • Meridian: SEC 08 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8936
  • Longitude: -87.7657

    Address

  • Full Address: 720 N Central Ave
  • Address - House Number: 720
  • Street Direction: N
  • Address - Street Name: Central
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C014
  • 4-Digit Zip Code: 1117
  • Zip Code: 60644

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,053
  • Tax Rate Code Area: 77001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 363,534
  • High Value: 456,424
  • Low Value: 270,643

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $392,755
  • First Open Lien Mortgage Lender: GUARANTEED RATE, INC.
  • First Open Lien Mortgage Recording Date: May 23, 2023
  • First Open Lien Mortgage Loan Amount: $392,755
  • 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: Jun 01, 2053

    Market Valuation

  • Market Total Value: $210,010
  • Market Land Value: $48,170
  • Market Improvement Value: $161,840

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,001
  • Assessed Land Value: $4,817
  • Assessed Improvements Value: $16,184

    Sales

  • Current Sale Contract Date: May 18, 2023
  • Current Sale Recording Date: May 23, 2023
  • Current Sale Transaction ID: 11906866828
  • Current Sale Price: $400,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 28053

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE, INC.
  • First Mortgage Transaction Date: May 23, 2023
  • First Mortgage Loan Amount: $392,755
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2053

About Northwest Side



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Frequently Asked Questions

What neighborhood is 720 North Central Avenue located in?
The 720 North Central Avenue is a multifamily located in the neighborhood of South Austin in Northwest Side, Chicago.
How many listings are currently for sale in 720 North Central Avenue?
There is one unit for sale right now.
What is the average sales price for listings in 720 North Central Avenue?
The average sales price for units in 720 North Central Avenue is $439,900 currently.

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