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Chicago 60620 Gresham
8814 S Wallace Street
$108,000 - $130,000
House - In Contract

8814 S Wallace Street

Chicago, IL 60620
bedrooms
3 Beds
bathrooms
1.5 Baths, 1 Half Bath
square feet
1314 Sqft
Refi Aug 03, 2007
Transfer
$312,000 by Liberty Reverse Mortgage Co
Mortgage Due Sep 24, 2069

About This Property

Fantastic opportunity to add value to this jumbo brick bungalow.  This home offers a large family room with a wall of bay windows, formal dining room, eat-in kitchen, spacious bedrooms and a full basement.  Prime location.  Sold as-is.  No survey.  Cash or renovation loan only.

The manager has listed the unit size as 1314 square feet.
Unit Size
1,314Ft²
Days on Market
-
Land Size
-
Price per sqft
$91
Property Type
House
Property Taxes
$109
HOA Dues
-
Year Built
1928
Listed By
Anthony Disano
Parkvue Realty Florida, LLC

Price History

Date / Event Date Event Price
Feb 16, 2024 In contract -
In contract
Feb 2, 2024 Listed $119,900
Listed

Property Highlights

Exterior Details

Exterior Information

Brick

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • 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: Slate
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,666
  • Total Building Area: 1,314
  • Gross Building Area: 1,314
  • Building Area: 1,314
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 1,314
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NEWMANS SUB
  • Land Acres: 0.153
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (WALDENS) RESUB OF LTS 1-10 INCL IN BLK 12 IN SISSON & NEWMANS SUB SO ENGLEWOOD SEC 04-37-14

Ownership

  • Is Owner Occupied: Owner-occupied property
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Mar 28, 2024

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 711500

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 25-04-111-046-0000
  • Block: 12
  • Lot: 1-10
  • Meridian: SEC 04 TWN 37N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.7339
  • Longitude: -87.639

    Address

  • Full Address: 8814 S Wallace St
  • Address - House Number: 8814
  • Street Direction: S
  • Address - Street Name: Wallace
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C039
  • 4-Digit Zip Code: 2132
  • Zip Code: 60620

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,341
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 72003

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 116,959
  • High Value: 128,784
  • Low Value: 105,133

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $312,000
  • First Open Lien Mortgage Lender: LIBERTY REVERSE MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Aug 03, 2007
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $312,000
  • First Open Lien Mortgage Term: 744
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Reverse Mortgage (Home Equity Conversion Mortgage)
  • First Open Lien Mortgage Loan Due Date: Sep 24, 2069

    Market Valuation

  • Market Total Value: $65,000
  • Market Land Value: $37,380
  • Market Improvement Value: $27,620

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,500
  • Assessed Land Value: $3,738
  • Assessed Improvements Value: $2,762

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2.5 Baths
1,312 ft²
$77/ft²
$100,500 Sep 12, 2023
-
$269/mo
House
3 Beds
1.5 Baths
1,024 ft²
$133/ft²
$135,900 Dec 5, 2023
-
$165/mo
House
3 Beds
1 Bath
950 ft²
$113/ft²
$107,000 Oct 18, 2023
-
$118/mo
House
2 Beds
2 Baths
720 ft²
$160/ft²
$115,000 May 17, 2023
-
$42/mo
Commercial
Loft
-
-
$128,900 Jan 26, 2024
-
$326/mo

About South Side


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Frequently Asked Questions

When was property at 8814 South Wallace Street built and last sold?
The property at 8814 South Wallace Street was built in 1928 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 8814 South Wallace Street is $125,821.
What are some comparable homes to 8814 South Wallace Street?
Homes that are comparable to 8814 South Wallace Street include a house property at 8718 South Union Avenue, a commercial property at 8510 South Racine Avenue, a house property at 9100 South Wallace Street.

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