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7952 South Vernon Avenue

7952 South Vernon Avenue, Chicago, IL 60619
Property in Chatham
Sold Dec 17, 2004
$450,000
$337,500 by Emigrant Mortgage Company Inc
Mortgage
Sold Oct 28, 1998
$175,000
$140,000 by The Northern Trust Company
Mortgage
Local assessors in Chicago, IL have categorized 7952 South Vernon Avenue as a residential type of property. The home was built in 1927 and is 97 years old. The property's lot size has been calculated to be 4,960 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 24 rooms in the home. Of these, 12 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 6 full bathrooms. There are also 6 partial bathrooms. This is a 3 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 7952 South Vernon Avenue has a total of 5,688 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 3 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 tar and gravel. 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. According to our sources, 7952 South Vernon Avenue sold most recently in Oct 13, 2004 for a total of $450,000. If you work out the math, that's approximately a cost of $79.11 per sqft. Before that, the property was also sold for $175,000 in Sep 30, 1998. 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 $4,525 in taxes each year. 7952 South Vernon Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $22,000. If we break it down further, the land itself was valued at $6,200. Improvements to the property, however, were assessed at a total of $15,800. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • Total Rooms: 24
  • Bedroom Count: 12
  • 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
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 4,960
  • Total Building Area: 5,688
  • Gross Building Area: 5,688
  • Building Area: 5,688
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 5,688
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHATHAM FIELDS SUB OF PT NE SEC 34-38
  • Land Acres: 0.114
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: CHATHAM FIELDS BLK 8 LOT 30

Ownership

  • Current Owner : ANDERSON ARTELLE
  • Previous Owner : THE NORTHERN TRUST CO
  • Owner Before Previous Owner: FORTENBERRY REJOYNER ROSS

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 440201

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 70
  • Parcel: 20-34-200-033-0000
  • Block: 8
  • Lot: 30
  • Meridian: SEC 34 TWN 38N RNG 14E
  • Municipality: HYDE PARK
  • Latitude: 41.7496
  • Longitude: -87.614

    Address

  • Full Address: 7952 S Vernon Ave
  • Address - House Number: 7952
  • Street Direction: S
  • Address - Street Name: Vernon
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C045
  • 4-Digit Zip Code: 4666
  • Zip Code: 60619

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,525
  • Tax Rate Code Area: 70001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 368,443
  • High Value: 462,587
  • Low Value: 274,298

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $337,500
  • First Open Lien Mortgage Lender: EMIGRANT MORTGAGE COMPANY INC
  • First Open Lien Mortgage Recording Date: Dec 17, 2004
  • First Open Lien Mortgage Loan Amount: $337,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $62,000
  • Market Improvement Value: $158,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,000
  • Assessed Land Value: $6,200
  • Assessed Improvements Value: $15,800

    Sales

  • Current Sale Contract Date: Oct 13, 2004
  • Current Sale Recording Date: Dec 17, 2004
  • Current Sale Transaction ID: 1177556728
  • Current Sale Price: $450,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 0435202054
  • Previous Sale Recording Date: Oct 28, 1998
  • Previous Sale Contract Date: Sep 30, 1998
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EMIGRANT MORTGAGE COMPANY INC
  • First Mortgage Transaction Date: Dec 17, 2004
  • First Mortgage Loan Amount: $337,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: THE NORTHERN TRUST COMPANY
  • Previous Mortgage Transaction Date: Oct 28, 1998
  • Previous Mortgage Loan Amount: $140,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 7952 South Vernon Avenue located in?
The 7952 South Vernon Avenue is a located in the neighborhood of Chatham in South Side, Chicago.
What is the average sales price for listings in 7952 South Vernon Avenue?
The average sales price for units in 7952 South Vernon Avenue is $0 currently.

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