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7925 South Wood Street

7925 South Wood Street, Chicago, IL 60620
Property in Gresham
Sold May 20, 2021
$1,465,000
Seller
$1,080,000 by Community Investment Cororatio
Mortgage Due Apr 01, 2031
Sold Oct 02, 2018
$741,000
$9,313,500 by Lake Forest Bank & Trust Co
Mortgage
7925 South Wood Street in Chicago, IL was first built in 1929 and is 95 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 3 floors. In total, the area measurement of the land is 12,000 square feet.

Learn more about the property and building on this page. The property was last sold in Apr 12, 2021 for $1,465,000. Prior to that sales transaction, the property was also sold in Aug 29, 2018 for $741,000. 7925 South Wood Street was last assessed in 2023. The total value of the property was assessed at $132,454. Specifically, the land the property is located on was valued at $10,800. While improvements on the property were assessed at a total of $121,654. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $27,243. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Multifamily
  • Floor Count: 3
  • Living Units: 28
  • Business/Commerical Units Count: 7
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,000
  • Lot Size Depth Feet: 960
  • 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
  • Subdivision: BURN HEIGHTS SUB
  • Land Acres: 0.275
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (RESUBDIVISION) OF LTS 12-46 BOTH INCL IN BLK 4 IN AU BURN HEIGHTS SUB EH NE SEC 31-38-14

Ownership

  • Current Owner : WOOD 7919 LLC
  • Previous Owner : WOOD 19 LLC
  • Owner Before Previous Owner: 7919 25 SOUTH WOOD LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 710500

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Nov 02, 2036
  • District: 72
  • Parcel: 20-31-204-009-0000
  • Block: 4
  • Lot: 12-46
  • Meridian: SEC 31 TWN 38N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.7497
  • Longitude: -87.6679

    Address

  • Full Address: 7925 S Wood St
  • Address - House Number: 7925
  • Street Direction: S
  • Address - Street Name: Wood
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C065
  • 4-Digit Zip Code: 4542
  • Zip Code: 60620

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $27,243
  • Tax Rate Code Area: 72001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 911,195
  • High Value: 1,144,023
  • Low Value: 678,366

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,080,000
  • First Open Lien Mortgage Lender: COMMUNITY INVESTMENT CORORATIO
  • First Open Lien Mortgage Recording Date: May 20, 2021
  • First Open Lien Mortgage Loan Amount: $1,080,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2031

    Market Valuation

  • Market Total Value: $1,324,540
  • Market Land Value: $108,000
  • Market Improvement Value: $1,216,540

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $132,454
  • Assessed Land Value: $10,800
  • Assessed Improvements Value: $121,654

    Sales

  • Current Sale Contract Date: Apr 12, 2021
  • Current Sale Recording Date: May 20, 2021
  • Current Sale Transaction ID: 11835927651
  • Current Sale Price: $1,465,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2114008017
  • Previous Sale Recording Date: Oct 02, 2018
  • Previous Sale Contract Date: Aug 29, 2018
  • Previous Sale Amount: $741,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMMUNITY INVESTMENT CORORATIO
  • First Mortgage Transaction Date: May 20, 2021
  • First Mortgage Loan Amount: $1,080,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Apr 01, 2031

    Previous Mortgages

  • Previous Mortgage Lender: LAKE FOREST BANK & TRUST CO
  • Previous Mortgage Transaction Date: Oct 02, 2018
  • Previous Mortgage Loan Amount: $9,313,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

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Frequently Asked Questions

What neighborhood is 7925 South Wood Street located in?
The 7925 South Wood Street is a located in the neighborhood of Gresham in South Side, Chicago.
What is the average sales price for listings in 7925 South Wood Street?
The average sales price for units in 7925 South Wood Street is $0 currently.

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