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729 North Lockwood Avenue

729 North Lockwood Avenue, Chicago, IL 60644
Property in South Austin
Sold Oct 23, 2018
$125,000
$122,735 by Pacific Union Financial Llc
Mortgage Due Nov 01, 2048
Sold Dec 15, 2008
$28,500
729 North Lockwood Avenue in Chicago, IL was first built in 1905 and is 119 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 multifamily style. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 729 North Lockwood Avenue has 2,485 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 300 ft and the linear feet between the front and back of the lot is 1,260. In total, the area measurement of the land is 3,780 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a no garage. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system. 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, 729 North Lockwood Avenue sold most recently in Oct 22, 2018 for a total of $125,000. If you work out the math, that's approximately a cost of $50.30 per sqft. Before that, the property was also sold for $28,500 in Nov 25, 2008. 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 $1,353 in taxes each year. 729 North Lockwood Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $10,000. If we break it down further, the land itself was valued at $3,591. Improvements to the property, however, were assessed at a total of $6,409. 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 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. 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: 1905
  • Effective Year Built: 1905
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: None
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,780
  • Lot Size Depth Feet: 1,260
  • Lot Size Frontage Feet: 300
  • Total Building Area: 2,485
  • Gross Building Area: 2,485
  • Building Area: 2,485
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,485
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WALKERS SUB
  • Land Acres: 0.087
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: WM (WALKERS) SUB OF WH NE NW SEC 09-39-13

Ownership

  • Current Owner : CORTEZ ANAI HERRERA
  • Previous Owner : MACIAS MARIA D
  • Owner Before Previous Owner: HSBC BANK USA NATIONAL ASSOCIATION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 251500

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 16-09-105-015-0000
  • Block: 1
  • Lot: 30,31
  • Meridian: SEC 09 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8939
  • Longitude: -87.7577

    Address

  • Full Address: 729 N Lockwood Ave
  • Address - House Number: 729
  • Street Direction: N
  • Address - Street Name: Lockwood
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C009
  • 4-Digit Zip Code: 1233
  • Zip Code: 60644

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,353
  • Tax Rate Code Area: 77001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 309,477
  • High Value: 388,554
  • Low Value: 230,399

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $122,735
  • First Open Lien Mortgage Lender: PACIFIC UNION FINANCIAL LLC
  • First Open Lien Mortgage Recording Date: Oct 23, 2018
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $122,735
  • 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: Nov 01, 2048

    Market Valuation

  • Market Total Value: $100,000
  • Market Land Value: $35,910
  • Market Improvement Value: $64,090

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,000
  • Assessed Land Value: $3,591
  • Assessed Improvements Value: $6,409

    Sales

  • Current Sale Contract Date: Oct 22, 2018
  • Current Sale Recording Date: Oct 23, 2018
  • Current Sale Transaction ID: 11523123140
  • Current Sale Price: $125,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1829622069
  • Previous Sale Recording Date: Dec 15, 2008
  • Previous Sale Contract Date: Nov 25, 2008
  • Previous Sale Amount: $28,500
  • Previous Sale Document Type: Corporation Deed

    Last Sale Mortgage

  • First Mortgage Lender: PACIFIC UNION FINANCIAL LLC
  • First Mortgage Transaction Date: Oct 23, 2018
  • First Mortgage Loan Amount: $122,735
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2048

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Northwest Side



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Frequently Asked Questions

What neighborhood is 729 North Lockwood Avenue located in?
The 729 North Lockwood Avenue is a located in the neighborhood of South Austin in Northwest Side, Chicago.
What is the average sales price for listings in 729 North Lockwood Avenue?
The average sales price for units in 729 North Lockwood Avenue is $0 currently.

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