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7943 South Elizabeth Street

7943 South Elizabeth Street, Chicago, IL 60620
Multifamily in Gresham
Sold Jun 12, 2019
$299,000
$293,584 by Fairway Independent Mortgage C
Mortgage Due Jun 01, 2049
Sold Sep 05, 2018
$71,000
7943 South Elizabeth Street 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 1914 and is 110 years old. The home has a total of 10 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 7943 South Elizabeth Street has 2,964 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,250 ft and across the front of the lot is 300 ft. The area measurement of the land has been determined as 3,968 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 2 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 asphalt. 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. The property was last sold in May 20, 2019 for $299,000. That's $100.88 per sqft. Prior to that sales transaction, the property was also sold in Aug 15, 2018 for $71,000. 7943 South Elizabeth Street was last assessed in 2023. The total value of the property was assessed at $19,000. Specifically, the land the property is located on was valued at $2,579. While improvements on the property were assessed at a total of $16,421. 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 $3,908. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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.

Building Features

Exterior

Brick Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1914
  • Effective Year Built: 1914
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,968
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 300
  • Total Building Area: 2,964
  • Gross Building Area: 2,964
  • Building Area: 2,964
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,964
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: AUBURN HIGHLANDS BEING HARTS
  • Land Acres: 0.091
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (AUBURN)(HIGHLANDS) BEING (HARTS) SUB OF BLKS 1,2,7& 8 IN CIRCUIT COURT PARTN NW SEC 32-38-14

Ownership

  • Current Owner : SMITH DERRICK DELONG
  • Previous Owner : MILANOWSKI ANDRZEJ
  • Owner Before Previous Owner: DEUTSCHE BANK NATIONAL TRUST COMPANY
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: II

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 710700

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 20-32-107-018-0000
  • Block: 1,2,7
  • Lot: 20
  • Meridian: SEC 32 TWN 38N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.7492
  • Longitude: -87.6546

    Address

  • Full Address: 7943 S Elizabeth St
  • Address - House Number: 7943
  • Street Direction: S
  • Address - Street Name: Elizabeth
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C014
  • 4-Digit Zip Code: 3825
  • Zip Code: 60620

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,908
  • Tax Rate Code Area: 72001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 353,701
  • High Value: 444,078
  • Low Value: 263,323

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $318,893
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Jun 12, 2019
  • First Open Lien Mortgage Loan Amount: $293,584
  • 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: Jun 01, 2049
  • Second Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Second Open Lien Mortgage Recording Date: Jul 17, 2023
  • Second Open Lien Mortgage Loan Amount: $25,309
  • Second Open Lien Mortgage Term: 310
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Jun 01, 2049

    Market Valuation

  • Market Total Value: $190,000
  • Market Land Value: $25,790
  • Market Improvement Value: $164,210

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,000
  • Assessed Land Value: $2,579
  • Assessed Improvements Value: $16,421

    Sales

  • Current Sale Contract Date: May 20, 2019
  • Current Sale Recording Date: Jun 12, 2019
  • Current Sale Transaction ID: 11612316364
  • Current Sale Price: $299,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1916318022
  • Previous Sale Recording Date: Sep 05, 2018
  • Previous Sale Contract Date: Aug 15, 2018
  • Previous Sale Amount: $71,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Jun 12, 2019
  • First Mortgage Loan Amount: $293,584
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2049

About South Side



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Frequently Asked Questions

What neighborhood is 7943 South Elizabeth Street located in?
The 7943 South Elizabeth Street is a multifamily located in the neighborhood of Gresham in South Side, Chicago.
What is the average sales price for listings in 7943 South Elizabeth Street?
The average sales price for units in 7943 South Elizabeth Street is $299,000 currently.

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