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7516 South St Lawrence Avenue

7516 South St Lawrence Avenue, Chicago, IL 60619
Property in Chatham
Sold Apr 10, 2017
$1,488,000
$1,116,000 by Pnc Bank Na
Mortgage
Sold Jun 06, 2016
$107,934
$77,250 by Pan American Bank & Trust
Mortgage Due May 20, 2019
7516 South St Lawrence Avenue in Chicago, IL was first built in 2007 and is 17 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 12 rooms in the home, of which, 7 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 5 partial bathrooms. 7516 South St Lawrence Avenue has 3,766 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 350 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 4,650 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. 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 central 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, 7516 South St Lawrence Avenue sold most recently in Apr 4, 2017 for a total of $1,488,000. If you work out the math, that's approximately a cost of $395.11 per sqft. Before that, the property was also sold for $107,934 in Mar 30, 2016. 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 $4,069 in taxes each year. 7516 South St Lawrence Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $19,785. If we break it down further, the land itself was valued at $5,813. Improvements to the property, however, were assessed at a total of $13,972. 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: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 7
  • Bathroom Count: 5
  • Full Bathrooms: 3
  • Partial Bathrooms: 5
  • 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: 3
  • Business/Commerical Units Count: 3
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,650
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 350
  • Total Building Area: 3,766
  • Gross Building Area: 3,766
  • Building Area: 3,766
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 3,766
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: COLES SUB
  • Land Acres: 0.107
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (COLES) SUB OF PT SE SW SE SEC 27-38-14

Ownership

  • Current Owner : LACON PROPERTIES LLC
  • Previous Owner : K LO PROPERTIES LLC SERIES 6428 VERNON
  • Owner Before Previous Owner: DEUTSCHE BANK NATIONAL TRUST CO
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 691400

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 70
  • Parcel: 20-27-403-029-0000
  • Block: 1
  • Lot: 46,45
  • Meridian: SEC 27 TWN 38N RNG 14E
  • Municipality: HYDE PARK
  • Latitude: 41.7579
  • Longitude: -87.6106

    Address

  • Full Address: 7516 S Saint Lawrence Ave
  • Address - House Number: 7516
  • Street Direction: S
  • Address - Street Name: Saint Lawrence
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C042
  • 4-Digit Zip Code: 2311
  • Zip Code: 60619

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,069
  • Tax Rate Code Area: 70001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 357,559
  • High Value: 448,922
  • Low Value: 266,195

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,116,000
  • First Open Lien Mortgage Lender: PNC BANK NA
  • First Open Lien Mortgage Recording Date: Apr 10, 2017
  • First Open Lien Mortgage Loan Amount: $1,116,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Market Valuation

  • Market Total Value: $197,850
  • Market Land Value: $58,130
  • Market Improvement Value: $139,720

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,785
  • Assessed Land Value: $5,813
  • Assessed Improvements Value: $13,972

    Sales

  • Current Sale Contract Date: Apr 04, 2017
  • Current Sale Recording Date: Apr 10, 2017
  • Current Sale Transaction ID: 1397437629
  • Current Sale Price: $1,488,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1710049119
  • Previous Sale Recording Date: Jun 06, 2016
  • Previous Sale Contract Date: Mar 30, 2016
  • Previous Sale Amount: $107,934
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PNC BANK NA
  • First Mortgage Transaction Date: Apr 10, 2017
  • First Mortgage Loan Amount: $1,116,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: PAN AMERICAN BANK & TRUST
  • Previous Mortgage Transaction Date: Jun 06, 2016
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $77,250
  • Previous Mortgage Term: 36
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: May 20, 2019

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Frequently Asked Questions

What neighborhood is 7516 South St Lawrence Avenue located in?
The 7516 South St Lawrence Avenue is a located in the neighborhood of Chatham in South Side, Chicago.
What is the average sales price for listings in 7516 South St Lawrence Avenue?
The average sales price for units in 7516 South St Lawrence Avenue is $0 currently.

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