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721 South Western Avenue

721 South Western Avenue, Chicago, IL 60612
Multifamily in Tri-Taylor
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Local assessors in Chicago, IL have categorized 721 South Western Avenue as a residential type of property. The home was built in 1883 and is 141 years old. The property's lot size has been calculated to be 2,725 square feet. 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 5 rooms in the home. Of these, 2 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 3 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 721 South Western Avenue has a total of 3,675 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 no garage for those who need a place to park their vehicle. 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 electric heaters is the primary heating source and it is being fueled with electricity. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 721 South Western Avenue sold most recently in Jul 15, 2021 for a total of $680,000. If you work out the math, that's approximately a cost of $185.03 per sqft. Before that, the property was also sold for $170,000 in Mar 6, 2013. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,223 in taxes each year. 721 South Western Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $35,001. If we break it down further, the land itself was valued at $12,263. Improvements to the property, however, were assessed at a total of $22,738. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210429
04/29/2021
7 Bed
-
-
$709,900
bedrooms
7 Bed
bathrooms
-
$680,000 -4.21%
07/28/2021
Andreas Afshari
Parkvue Realty Corporation
20181212
12/12/2018
7 Bed
-
-
$788,000
bedrooms
7 Bed
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1883
  • Effective Year Built: 1883
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • 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: 3
  • Living Units: 3
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,725
  • Total Building Area: 3,675
  • Gross Building Area: 3,675
  • Building Area: 3,675
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Electric
  • Heated Square Feet: 3,675
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COMMISSIONERS SUB
  • Land Acres: 0.063
  • Standard Land Use Code: Misc Residential improvement
  • Legal Description 1: (COMMISSIONERS) SUB BLK 15 OF MORRIS & OTHERS SUB WH SW SEC 18-39-14

Ownership

  • Current Owner : VALENTIN AIDES
  • Current Owner 2: WILUSZ RICHARD
  • Previous Owner : 721 SOUTH WESTERN LLC
  • Owner Before Previous Owner: DEVON BANK CLIENT SERVICE LLC
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 282800

Zoning

  • Zoning: B3-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 17-18-304-007-0000
  • Block: 15
  • Lot: 18
  • Meridian: SEC 18 TWN 39N RNG 14E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8724
  • Longitude: -87.6858

    Address

  • Full Address: 721 S Western Ave
  • Address - House Number: 721
  • Street Direction: S
  • Address - Street Name: Western
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C032
  • 4-Digit Zip Code: 5285
  • Zip Code: 60612

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,223
  • Tax Rate Code Area: 77100

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $597,526
  • First Open Lien Mortgage Lender: NEIGHBORHOOD LOANS
  • First Open Lien Mortgage Recording Date: Jul 28, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $597,526
  • 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, 2051

    Market Valuation

  • Market Total Value: $350,010
  • Market Land Value: $122,630
  • Market Improvement Value: $227,380

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,001
  • Assessed Land Value: $12,263
  • Assessed Improvements Value: $22,738

    Sales

  • Current Sale Contract Date: Jul 15, 2021
  • Current Sale Recording Date: Jul 28, 2021
  • Current Sale Transaction ID: 11845940820
  • Current Sale Price: $680,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2120921092
  • Previous Sale Recording Date: Mar 26, 2013
  • Previous Sale Contract Date: Mar 06, 2013
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEIGHBORHOOD LOANS
  • First Mortgage Transaction Date: Jul 28, 2021
  • First Mortgage Loan Amount: $597,526
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: ABC BANK
  • Previous Mortgage Transaction Date: Mar 26, 2013
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $136,000
  • Previous Mortgage Term: 36
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Mar 12, 2016

About West Side



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Nearby Rentals

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$3,964 /mo

  • 2 Beds
  • 2 Baths
  • 1,060 ft²
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$4,000 /mo

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$4,450 /mo

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$4,098 /mo

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Unit for rent at

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Frequently Asked Questions

What neighborhood is 721 South Western Avenue located in?
The 721 South Western Avenue is a multifamily located in the neighborhood of Tri-Taylor in West Side, Chicago.
What is the average sales price for listings in 721 South Western Avenue?
The average sales price for units in 721 South Western Avenue is $709,900 currently.

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