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726 East 87th Place

726 East 87th Place, Chicago, IL 60619
Property in Burnside
Sold Apr 07, 2020
$116,000
726 East 87th Place in Chicago, IL was first built in 1923 and is 101 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown style. In total, the area measurement of the land is 3,000 square feet.

Learn more about the property and building on this page. 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, 726 East 87th Place sold most recently in Mar 12, 2020 for a total of $116,000. 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 $787 in taxes each year. 726 East 87th Place was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,827. If we break it down further, the land itself was valued at $3,750. Improvements to the property, however, were assessed at a total of $77. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Unknown
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,000
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.69
  • Standard Land Use Code: Residential (general) (single)

Ownership

  • Current Owner : OSBEY DOROTHY A
  • Previous Owner : PALMER ERNEST C

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 440700

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jul 05, 2047
  • District: 70
  • Parcel: 25-03-203-029-0000
  • Meridian: SEC 03 TWN 37N RNG 14E
  • Municipality: HYDE PARK
  • Latitude: 41.7361
  • Longitude: -87.6061

    Address

  • Full Address: 726 E 87th Pl
  • Address - House Number: 726
  • Street Direction: E
  • Address - Street Name: 87th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C009
  • 4-Digit Zip Code: 6810
  • Zip Code: 60619

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $787
  • Tax Rate Code Area: 70001

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 76,572
  • High Value: 90,487
  • Low Value: 62,656

    Market Valuation

  • Market Total Value: $38,270
  • Market Land Value: $37,500
  • Market Improvement Value: $770

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,827
  • Assessed Land Value: $3,750
  • Assessed Improvements Value: $77

    Sales

  • Current Sale Contract Date: Mar 12, 2020
  • Current Sale Recording Date: Apr 07, 2020
  • Current Sale Transaction ID: 11753855414
  • Current Sale Price: $116,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2009821238

    Last Sale Mortgage

  • First Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP
  • First Mortgage Transaction Date: Apr 07, 2020
  • First Mortgage Loan Amount: $113,898
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Apr 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 726 East 87th Place located in?
The 726 East 87th Place is a located in the neighborhood of Burnside in South Side, Chicago.
What is the average sales price for listings in 726 East 87th Place?
The average sales price for units in 726 East 87th Place is $0 currently.

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