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8927 South Muskegon Avenue

8927 South Muskegon Avenue, Chicago, IL 60617
Commercial in South Chicago
2 Units For Sale
Unit for sale at 8927 S Muskegon Avenue, Chicago, IL 60617

$345,000

  • Commercial
  • 3,132 ft²
8927 S Muskegon Avenue, Chicago, IL 60617 Listing by David Mishel

Unit for sale at 8927 S Muskegon Avenue, Chicago, IL 60617

$349,888

  • Commercial
  • 3,132 ft²
8927 S Muskegon Avenue, Chicago, IL 60617 Listing by David Mishel

8927 South Muskegon Avenue in Chicago, IL was first built in 1890 and is 134 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 2 floors. There are a total of 23 rooms in the home, of which, 12 are bedrooms. In terms of bathrooms, there are a total of 6 full bathrooms. There are 6 partial bathrooms. 8927 South Muskegon Avenue has 4,466 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 3,475 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a no garage. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. The property was last sold in Jun 3, 2022 for $369,000. That's $82.62 per sqft. Prior to that sales transaction, the property was also sold in Nov 30, 2020 for $115,000. 8927 South Muskegon Avenue was last assessed in 2023. The total value of the property was assessed at $13,920. Specifically, the land the property is located on was valued at $3,475. While improvements on the property were assessed at a total of $10,445. 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 $2,872. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.

Building Features

Exterior

Aluminum Siding
Vinyl Siding
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20231010
10/10/2023
Loft
-
3132 ft²
$399,888
bedrooms
Loft
bathrooms
-
square feet
3132 ft²
-
-
-
David Mishel
Compass
20200702
07/02/2020
Loft
-
-
$175,000
bedrooms
Loft
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 2
  • Total Rooms: 23
  • Bedroom Count: 12
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • 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: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,475
  • Total Building Area: 4,466
  • Gross Building Area: 4,466
  • Building Area: 4,466
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 4,466
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SOUTH CHICAGO
  • Land Acres: 0.08
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (SOUTH)(CHICAGO) SUB BY CAL + CHGO CANA & DOCK CO OF EH OF WH & PTS OF EH OF SEC 6 N IBL & PT OF SEC S IBL LYING N OF MICH SO

Ownership

  • Current Owner : 8927 MUSKEGON CHI LLC
  • Previous Owner : OK PARTNERS LLC
  • Owner Before Previous Owner: ALCANTAR ERIC
  • Owner Before Previous Owner 2: MUSKEGON PARK RECREATIONAL
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 833900

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 70
  • Parcel: 26-06-214-012-0000
  • Block: 44
  • Lot: 36
  • Meridian: SEC 05 TWN 37N RNG 15E
  • Municipality: HYDE PARK
  • Latitude: 41.7328
  • Longitude: -87.5549

    Address

  • Full Address: 8927 S Muskegon Ave
  • Address - House Number: 8927
  • Street Direction: S
  • Address - Street Name: Muskegon
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C003
  • 4-Digit Zip Code: 3145
  • Zip Code: 60617

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,872
  • Tax Rate Code Area: 70002

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 328,739
  • High Value: 412,738
  • Low Value: 244,739

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $295,200
  • First Open Lien Mortgage Lender: PROVIDENCE BANK & TRUST
  • First Open Lien Mortgage Recording Date: Jun 09, 2022
  • First Open Lien Mortgage Loan Amount: $295,200
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 03, 2027

    Market Valuation

  • Market Total Value: $139,200
  • Market Land Value: $34,750
  • Market Improvement Value: $104,450

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,920
  • Assessed Land Value: $3,475
  • Assessed Improvements Value: $10,445

    Sales

  • Current Sale Contract Date: Jun 03, 2022
  • Current Sale Recording Date: Jun 09, 2022
  • Current Sale Transaction ID: 11905425475
  • Current Sale Price: $369,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 4310
  • Previous Sale Recording Date: Jan 13, 2021
  • Previous Sale Contract Date: Nov 30, 2020
  • Previous Sale Amount: $115,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROVIDENCE BANK & TRUST
  • First Mortgage Transaction Date: Jun 09, 2022
  • First Mortgage Loan Amount: $295,200
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 03, 2027

About Far South Chicago



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Frequently Asked Questions

What neighborhood is 8927 South Muskegon Avenue located in?
The 8927 South Muskegon Avenue is a commercial located in the neighborhood of South Chicago in Far South Chicago, Chicago.
How many listings are currently for sale in 8927 South Muskegon Avenue?
8927 South Muskegon Avenue has a total of zero units in the building. There are two units for sale right now.
What is the average sales price for listings in 8927 South Muskegon Avenue?
The average sales price for units in 8927 South Muskegon Avenue is $347,444 , or $111/sqft. currently.

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