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8315 South South Shore Drive

8315 South South Shore Drive, Chicago, IL 60617
Multifamily in The Bush
Sold Dec 01, 2020
$145,000
Local assessors in Chicago, IL have categorized 8315 South South Shore Drive as a residential type of property. The home was built in 1910 and is 114 years old. The property's lot size has been calculated to be 4,687 square feet. The linear feet between the front and back of the lot was measured at 1,250 ft and the front of the lot was measured at 370 ft. 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 8 rooms in the home. Of these, 4 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 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 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 8315 South South Shore Drive has a total of 1,740 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 slate. 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 heating system is the primary heating source. The property was last sold in Oct 16, 2020 for $145,000. That's $83.33 per sqft. 8315 South South Shore Drive was last assessed in 2023. The total value of the property was assessed at $12,000. Specifically, the land the property is located on was valued at $4,687. While improvements on the property were assessed at a total of $7,313. 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 $1,765. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 8
  • 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: Slate
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 4,687
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 370
  • Total Building Area: 1,740
  • Gross Building Area: 1,740
  • Building Area: 1,740
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,740
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COURT PARTITION
  • Land Acres: 0.108
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (COURT)(PARTITION) OF - EXCEPTING LAND BELONGING TO S OUTH CHICAGO RR CO SE SEC 31-38-15

Ownership

  • Current Owner : IVY TEGHAN D
  • Previous Owner : GERDING CLARA
  • Previous Owner 2: ESTATE OF ANGELA HERNANDEZ ROD
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 460200

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 70
  • Parcel: 21-31-406-004-0000
  • Block: 1
  • Lot: 22,23
  • Meridian: SEC 31 TWN 38N RNG 15E
  • Municipality: HYDE PARK
  • Latitude: 41.7442
  • Longitude: -87.5476

    Address

  • Full Address: 8315 S South Shore Dr
  • Address - House Number: 8315
  • Street Direction: S
  • Address - Street Name: South Shore
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Chicago
  • Carrier Code: C021
  • 4-Digit Zip Code: 2653
  • Zip Code: 60617

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,765
  • Tax Rate Code Area: 70021

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 319,305
  • High Value: 400,893
  • Low Value: 237,716

    Market Valuation

  • Market Total Value: $120,000
  • Market Land Value: $46,870
  • Market Improvement Value: $73,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,000
  • Assessed Land Value: $4,687
  • Assessed Improvements Value: $7,313

    Sales

  • Current Sale Contract Date: Oct 16, 2020
  • Current Sale Recording Date: Dec 01, 2020
  • Current Sale Transaction ID: 11803615978
  • Current Sale Price: $145,000
  • Current Sale Document Type: Executor's Deed
  • Current Sale Input Document Number: 2033404149

    Last Sale Mortgage

  • First Mortgage Lender: FIFTH THIRD BANK
  • First Mortgage Transaction Date: Dec 01, 2020
  • First Mortgage Loan Amount: $136,530
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Financing

  • First Mortgage Financing Type: Unknown

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Frequently Asked Questions

What neighborhood is 8315 South South Shore Drive located in?
The 8315 South South Shore Drive is a multifamily located in the neighborhood of The Bush in Far South Chicago, Chicago.
What is the average sales price for listings in 8315 South South Shore Drive?
The average sales price for units in 8315 South South Shore Drive is $0 currently.

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