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7705 South Aberdeen Street

7705 South Aberdeen Street, Chicago, IL 60620
Multifamily in Gresham
Sold Mar 18, 2021
Transfer
$268,391 by Wintrust Mortgage
Mortgage Due Mar 01, 2051
Sold Aug 23, 2016
Transfer
Local assessors in Chicago, IL have categorized 7705 South Aberdeen Street as a residential type of property. The home was built in 1916 and is 108 years old. The property's lot size has been calculated to be 3,720 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 11 rooms in the home. Of these, 5 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 2 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 7705 South Aberdeen Street has a total of 2,448 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 detached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 asphalt. 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 a hot water heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $3,085 in taxes each year. 7705 South Aberdeen Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $15,000. If we break it down further, the land itself was valued at $2,418. Improvements to the property, however, were assessed at a total of $12,582. 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.

Building Features

Exterior

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

Building Info

Overview

    General

  • Year Built: 1916
  • Effective Year Built: 1916
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • 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: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,720
  • Total Building Area: 2,448
  • Gross Building Area: 2,448
  • Building Area: 2,448
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,448
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: AUBURN ON THE HILL FIRST
  • Land Acres: 0.085
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (AUBURN) ON THE HILL (FIRST) ADD BEING HARTS SUB OF B LKS 9 10 & 22 IN SUB OF PT EX N 99FT SE SEC 29-38-14

Ownership

  • Current Owner : REBB MARCUS
  • Previous Owner : SECRETARY OF HOUSING & URBAN DEVELOPMENT
  • Owner Before Previous Owner: JOHNSON CLARENCE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 710200

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 20-29-418-003-0000
  • Block: 22
  • Lot: 38
  • Meridian: SEC 29 TWN 38N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.7539
  • Longitude: -87.6511

    Address

  • Full Address: 7705 S Aberdeen St
  • Address - House Number: 7705
  • Street Direction: S
  • Address - Street Name: Aberdeen
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C079
  • 4-Digit Zip Code: 2915
  • Zip Code: 60620

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,085
  • Tax Rate Code Area: 72001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 334,046
  • High Value: 419,401
  • Low Value: 248,690

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $268,391
  • First Open Lien Mortgage Lender: WINTRUST MORTGAGE
  • First Open Lien Mortgage Recording Date: Mar 18, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $268,391
  • 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: Mar 01, 2051

    Market Valuation

  • Market Total Value: $150,000
  • Market Land Value: $24,180
  • Market Improvement Value: $125,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,000
  • Assessed Land Value: $2,418
  • Assessed Improvements Value: $12,582

    Sales

  • Current Sale Contract Date: Feb 12, 2021
  • Current Sale Recording Date: Mar 18, 2021
  • Current Sale Transaction ID: 11825593562
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2107742176
  • Previous Sale Recording Date: Aug 23, 2016
  • Previous Sale Contract Date: Jul 22, 2016
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: WINTRUST MORTGAGE
  • First Mortgage Transaction Date: Mar 18, 2021
  • First Mortgage Loan Amount: $268,391
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Mar 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

About South Side



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Frequently Asked Questions

What neighborhood is 7705 South Aberdeen Street located in?
The 7705 South Aberdeen Street is a multifamily located in the neighborhood of Gresham in South Side, Chicago.
What is the average sales price for listings in 7705 South Aberdeen Street?
The average sales price for units in 7705 South Aberdeen Street is $0 currently.

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