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8450 South Chappel Avenue

8450 South Chappel Avenue, Chicago, IL 60617
Sold Sep 27, 2021
$185,500
$189,357 by Guaranteed Rate Affinity Llc
Mortgage Due Oct 01, 2051
Sold Jul 19, 2021
$136,000
$102,000 by Republic Bank
Mortgage Due Jul 07, 2022
8450 South Chappel 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 1962 and is 62 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 8450 South Chappel Avenue has 1,290 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 4,199 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow 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 central air conditioning at the moment. In terms of heating, it is utilizing a heating system. The property was last sold in Aug 12, 2021 for $185,500. That's $143.80 per sqft. Prior to that sales transaction, the property was also sold in Jun 29, 2021 for $136,000. 8450 South Chappel Avenue 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 $5,249. While improvements on the property were assessed at a total of $6,751. 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 $2,468. 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: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,199
  • Total Building Area: 1,290
  • Gross Building Area: 1,290
  • Building Area: 1,290
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,290
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WHITFORDS
  • Land Acres: 0.096
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : HARRISON ERIKA L
  • Previous Owner : GRANDVIEW CAPITAL LLC
  • Owner Before Previous Owner: CONRAD ERNEST
  • Owner Before Previous Owner 2: CONRAD ERNEST
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 450300

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 70
  • Parcel: 20-36-409-040-0000
  • Block: 5
  • Lot: 16,17
  • Meridian: SEC 36 TWN 38N RNG 14E
  • Municipality: HYDE PARK
  • Latitude: 41.7411
  • Longitude: -87.5749

    Address

  • Full Address: 8450 S Chappel Ave
  • Address - House Number: 8450
  • Street Direction: S
  • Address - Street Name: Chappel
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C008
  • 4-Digit Zip Code: 2257
  • Zip Code: 60617

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,468
  • Tax Rate Code Area: 70001

    Appraisal Valuation

  • Standard Deviation: 0.2662
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 208,238
  • High Value: 263,678
  • Low Value: 152,797

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $189,357
  • First Open Lien Mortgage Lender: GUARANTEED RATE AFFINITY LLC
  • First Open Lien Mortgage Recording Date: Sep 27, 2021
  • First Open Lien Mortgage Loan Amount: $189,357
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $120,000
  • Market Land Value: $52,490
  • Market Improvement Value: $67,510

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,000
  • Assessed Land Value: $5,249
  • Assessed Improvements Value: $6,751

    Sales

  • Current Sale Contract Date: Aug 12, 2021
  • Current Sale Recording Date: Sep 27, 2021
  • Current Sale Transaction ID: 11857603503
  • Current Sale Price: $185,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2127028157
  • Previous Sale Recording Date: Jul 19, 2021
  • Previous Sale Contract Date: Jun 29, 2021
  • Previous Sale Amount: $136,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE AFFINITY LLC
  • First Mortgage Transaction Date: Sep 27, 2021
  • First Mortgage Loan Amount: $189,357
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: REPUBLIC BANK
  • Previous Mortgage Transaction Date: Jul 19, 2021
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $102,000
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jul 07, 2022

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Frequently Asked Questions

What neighborhood is 8450 South Chappel Avenue located in?
The 8450 South Chappel Avenue is a located in the neighborhood of Stony Island Park in Far South Chicago, Chicago.
What is the average sales price for listings in 8450 South Chappel Avenue?
The average sales price for units in 8450 South Chappel Avenue is $0 currently.

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