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8045 South Wabash Avenue

8045 South Wabash Avenue, Chicago, IL 60619
Property in Chatham
Sold Sep 27, 2016
$239,000
$234,671 by Paramount Residential Mortgage
Mortgage Due Oct 01, 2046
Sold Feb 16, 2010
$289,000
$283,765 by Wells Fargo Bank Na
Mortgage Due Feb 01, 2040
8045 South Wabash 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 1920 and is 104 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 8045 South Wabash Avenue has 2,155 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 1,600 ft and across the front of the lot is 330 ft. The area measurement of the land has been determined as 4,860 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown.

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 central air conditioning at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Aug 26, 2016 for $239,000. That's $110.90 per sqft. Prior to that sales transaction, the property was also sold in Jan 27, 2010 for $289,000. 8045 South Wabash Avenue was last assessed in 2023. The total value of the property was assessed at $26,000. Specifically, the land the property is located on was valued at $4,860. While improvements on the property were assessed at a total of $21,140. 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 $5,348. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,860
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 330
  • Total Building Area: 2,155
  • Gross Building Area: 2,155
  • Building Area: 2,155
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,155
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: IRA WEBSTER
  • Land Acres: 0.112
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : WELLS JANICE E
  • Current Owner 2: WELLS DAVID L
  • Previous Owner : BELL CHANEL
  • Previous Owner 2: BELL DAVID
  • Owner Before Previous Owner: BORZECKI MARIA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 440300

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 70
  • Parcel: 20-34-107-040-0000
  • Block: 8
  • Meridian: SEC 34 TWN 38N RNG 14E
  • Municipality: HYDE PARK
  • Latitude: 41.7478
  • Longitude: -87.6226

    Address

  • Full Address: 8045 S Wabash Ave
  • Address - House Number: 8045
  • Street Direction: S
  • Address - Street Name: Wabash
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C015
  • 4-Digit Zip Code: 3516
  • Zip Code: 60619

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,348
  • Tax Rate Code Area: 70001

    Appraisal Valuation

  • Standard Deviation: 0.2412
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 321,942
  • High Value: 399,622
  • Low Value: 244,262

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $234,671
  • First Open Lien Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Open Lien Mortgage Recording Date: Sep 27, 2016
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $234,671
  • 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: Oct 01, 2046

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $48,600
  • Market Improvement Value: $211,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $4,860
  • Assessed Improvements Value: $21,140

    Sales

  • Current Sale Contract Date: Aug 26, 2016
  • Current Sale Recording Date: Sep 27, 2016
  • Current Sale Transaction ID: 1798428316
  • Current Sale Price: $239,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1627119532
  • Previous Sale Recording Date: Feb 16, 2010
  • Previous Sale Contract Date: Jan 27, 2010
  • Previous Sale Amount: $289,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Mortgage Transaction Date: Sep 27, 2016
  • First Mortgage Loan Amount: $234,671
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2046

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Feb 16, 2010
  • Previous Mortgage Loan Amount: $283,765
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Feb 01, 2040

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Frequently Asked Questions

What neighborhood is 8045 South Wabash Avenue located in?
The 8045 South Wabash Avenue is a located in the neighborhood of Chatham in South Side, Chicago.
What is the average sales price for listings in 8045 South Wabash Avenue?
The average sales price for units in 8045 South Wabash Avenue is $0 currently.

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