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7731 South Kingston Avenue

7731 South Kingston Avenue, Chicago, IL 60649
Property in South Shore
Sold Aug 30, 2021
$460,000
$368,000 by Royal Savings Bank
Mortgage Due Sep 01, 2026
Sold Sep 07, 2006
$430,500
$344,000 by Citibank Fsb
Mortgage Due Sep 01, 2031
7731 South Kingston Avenue has been categorized by the local assessors in Chicago, IL as a residential type of property. The building on the property was first built in 1926 and is 98 years old. The home has a total of 36 rooms. 18 of these rooms are legally considered as bedrooms. Residents will have access to 6 full bathrooms. There are 6 partial bathrooms in the home. The building has a total of 3 stories. In addition, 7731 South Kingston Avenue has 10,521 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,440 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there are a total of 4 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of tar and gravel. The exterior walls of the building are made of masonry. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a hot water 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, 7731 South Kingston Avenue sold most recently in Jul 27, 2021 for a total of $460,000. If you work out the math, that's approximately a cost of $43.72 per sqft. Before that, the property was also sold for $430,500 in Aug 10, 2006. 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 $4,657 in taxes each year. 7731 South Kingston Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $22,641. If we break it down further, the land itself was valued at $9,300. Improvements to the property, however, were assessed at a total of $13,341. 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: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 36
  • Bedroom Count: 18
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • 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: 6
  • Business/Commerical Units Count: 4
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 7,440
  • Lot Size Depth Feet: 1,240
  • Total Building Area: 10,521
  • Gross Building Area: 10,521
  • Building Area: 10,521
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 10,521
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SOUTH SHORE PARK
  • Land Acres: 0.171
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (SOUTH)(SHORE)(PARK) BEING A SUB OF WH SW SEC 30-38-15

Ownership

  • Current Owner : FEEMARK MANAGEMENT LLC
  • Previous Owner : BROWN BEAR HOLDINGS LLC
  • Owner Before Previous Owner: CHICAGO TITLE LAND TRUST CO
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 431301

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 70
  • Parcel: 21-30-321-008-0000
  • Block: 9
  • Lot: 26,27
  • Meridian: SEC 30 TWN 38N RNG 15E
  • Municipality: HYDE PARK
  • Latitude: 41.7544
  • Longitude: -87.5624

    Address

  • Full Address: 7731 S Kingston Ave
  • Address - House Number: 7731
  • Street Direction: S
  • Address - Street Name: Kingston
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C003
  • 4-Digit Zip Code: 4982
  • Zip Code: 60649

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,657
  • Tax Rate Code Area: 70001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 371,593
  • High Value: 466,542
  • Low Value: 276,643

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $368,000
  • First Open Lien Mortgage Lender: ROYAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Aug 30, 2021
  • First Open Lien Mortgage Loan Amount: $368,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2026

    Market Valuation

  • Market Total Value: $226,410
  • Market Land Value: $93,000
  • Market Improvement Value: $133,410

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,641
  • Assessed Land Value: $9,300
  • Assessed Improvements Value: $13,341

    Sales

  • Current Sale Contract Date: Jul 27, 2021
  • Current Sale Recording Date: Aug 30, 2021
  • Current Sale Transaction ID: 11853835278
  • Current Sale Price: $460,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2124212186
  • Previous Sale Recording Date: Sep 07, 2006
  • Previous Sale Contract Date: Aug 10, 2006
  • Previous Sale Amount: $430,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROYAL SAVINGS BANK
  • First Mortgage Transaction Date: Aug 30, 2021
  • First Mortgage Loan Amount: $368,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Sep 01, 2026

    Previous Mortgages

  • Previous Mortgage Lender: CITIBANK FSB
  • Previous Mortgage Transaction Date: Sep 07, 2006
  • Previous Mortgage Loan Amount: $344,000
  • Previous Mortgage Term: 299
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Sep 01, 2031

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Frequently Asked Questions

What neighborhood is 7731 South Kingston Avenue located in?
The 7731 South Kingston Avenue is a located in the neighborhood of South Shore in Far South Chicago, Chicago.
What is the average sales price for listings in 7731 South Kingston Avenue?
The average sales price for units in 7731 South Kingston Avenue is $0 currently.

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