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8345 South Marshfield Avenue

8345 South Marshfield Avenue, Chicago, IL 60620
Property in Gresham
1 Units For Sale
Unit for sale at 8345 S Marshfield Avenue, Chicago, IL 60620

$280,000

  • 6 Beds
8345 S Marshfield Avenue, Chicago, IL 60620 Listing by Norman Brown

8345 South Marshfield 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 1929 and is 95 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 8345 South Marshfield Avenue has 2,780 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 1,240 ft and across the front of the lot is 250 ft. The area measurement of the land has been determined as 3,125 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 frame 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 wood. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. 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, 8345 South Marshfield Avenue sold most recently in Nov 27, 2023 for a total of $286,000. If you work out the math, that's approximately a cost of $102.88 per sqft. Before that, the property was also sold for $48,300 in Jun 6, 2014. 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 $2,674 in taxes each year. 8345 South Marshfield Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $13,000. If we break it down further, the land itself was valued at $2,500. Improvements to the property, however, were assessed at a total of $10,500. 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. 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.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,125
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 250
  • Total Building Area: 2,780
  • Gross Building Area: 2,780
  • Building Area: 2,780
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,780
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HARTS ADD
  • Land Acres: 0.072
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (SUBDIVISION) OF BLKS 1-3 IN NEUMANN & HARTS ADD TO E NGLEWOOD HEIGHTS NH SE SEC 31-38-14

Ownership

  • Current Owner : COLLINS RUPERT
  • Previous Owner : WRA IL LLC
  • Owner Before Previous Owner: MERRILL LYNCH MORTGAGE LENDING INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Married Man as his sole & separate property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 711200

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Apr 03, 2036
  • District: 72
  • Parcel: 20-31-406-013-0000
  • Block: 1-3
  • Lot: 30
  • Meridian: SEC 31 TWN 38N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.7417
  • Longitude: -87.6641

    Address

  • Full Address: 8345 S Marshfield Ave
  • Address - House Number: 8345
  • Street Direction: S
  • Address - Street Name: Marshfield
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C078
  • 4-Digit Zip Code: 4609
  • Zip Code: 60620

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,674
  • Tax Rate Code Area: 72001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 324,218
  • High Value: 407,061
  • Low Value: 241,374

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $280,819
  • First Open Lien Mortgage Lender: LOANDEPOT.COM, LLC
  • First Open Lien Mortgage Recording Date: Dec 19, 2023
  • First Open Lien Mortgage Loan Amount: $280,819
  • 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: Jan 01, 2054

    Market Valuation

  • Market Total Value: $130,000
  • Market Land Value: $25,000
  • Market Improvement Value: $105,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,000
  • Assessed Land Value: $2,500
  • Assessed Improvements Value: $10,500

    Sales

  • Current Sale Contract Date: Nov 27, 2023
  • Current Sale Recording Date: Dec 19, 2023
  • Current Sale Transaction ID: 11918120451
  • Current Sale Price: $286,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 33282
  • Previous Sale Recording Date: Sep 29, 2014
  • Previous Sale Contract Date: Jun 06, 2014
  • Previous Sale Amount: $48,300
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOANDEPOT.COM, LLC
  • First Mortgage Transaction Date: Dec 19, 2023
  • First Mortgage Loan Amount: $280,819
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2054

About South Side



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 8345 South Marshfield Avenue located in?
The 8345 South Marshfield Avenue is a located in the neighborhood of Gresham in South Side, Chicago.
How many listings are currently for sale in 8345 South Marshfield Avenue?
There is one unit for sale right now.
What is the average sales price for listings in 8345 South Marshfield Avenue?
The average sales price for units in 8345 South Marshfield Avenue is $280,000 currently.

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