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924 West Newport Avenue

924 West Newport Avenue, Chicago, IL 60657
Commercial in Lakeview
924 West Newport Avenue in Chicago, IL was first built in 1926 and is 98 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 3 floors. In total, the area measurement of the land is 5,850 square feet.

Learn more about the property and building on this page. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 924 West Newport Avenue was last sold in Jun 30, 2023 for $2,072,000. Current property owners are expected to pay $39,116 in taxes per year. The property on 924 West Newport Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $190,177. To break that down further, the land itself was valued at $29,250. While improvements to the property were assessed at a total of $160,927. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20191004
10/04/2019
Studio
-
-
$5,200,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Multifamily
  • Floor Count: 3
  • Living Units: 21
  • Business/Commerical Units Count: 23
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,850
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FEINBERGS SHERIDAN
  • Land Acres: 0.134
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (FEINBERGS)(SHERIDAN) DRIVE ADD A SUB OF LT3 & S49FT OF LT2 OF CIRCUIT COURT PARTN OF N3/4 OF SEC 20-40-14

Ownership

  • Current Owner : JAMS-4 NEWPORT LLC
  • Previous Owner : JAMS-4 LLC
  • Owner Before Previous Owner: AG 924 W NEWPORT OWNER LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 062100

Zoning

  • Zoning: RM-5

Geography

  • Assessors Map Reference: 009-101-06
  • District: 73
  • Parcel: 14-20-410-019-0000
  • Block: 1
  • Lot: 2,3,L
  • Meridian: SEC 20 TWN 40N RNG 14E
  • Municipality: LAKE VIEW
  • Latitude: 41.9447
  • Longitude: -87.653

    Address

  • Full Address: 924 W Newport Ave
  • Address - House Number: 924
  • Street Direction: W
  • Address - Street Name: Newport
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C027
  • 4-Digit Zip Code: 2391
  • Zip Code: 60657

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $39,116
  • Tax Rate Code Area: 73105

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 1,194,836
  • High Value: 1,500,139
  • Low Value: 889,532

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,827,000
  • First Open Lien Mortgage Lender: REGIONS BANK
  • First Open Lien Mortgage Recording Date: Jul 17, 2023
  • First Open Lien Mortgage Loan Amount: $2,827,000
  • 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: Jul 01, 2028

    Market Valuation

  • Market Total Value: $1,901,770
  • Market Land Value: $292,500
  • Market Improvement Value: $1,609,270

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $190,177
  • Assessed Land Value: $29,250
  • Assessed Improvements Value: $160,927

    Sales

  • Current Sale Contract Date: Jun 30, 2023
  • Current Sale Recording Date: Jul 17, 2023
  • Current Sale Transaction ID: 11909390869
  • Current Sale Price: $2,072,000
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 41048
  • Previous Sale Recording Date: Mar 24, 2022
  • Previous Sale Contract Date: Mar 10, 2022
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: REGIONS BANK
  • First Mortgage Transaction Date: Jul 17, 2023
  • First Mortgage Loan Amount: $2,827,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2028

About North Side



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Frequently Asked Questions

What neighborhood is 924 West Newport Avenue located in?
The 924 West Newport Avenue is a commercial located in the neighborhood of Lakeview in North Side, Chicago.
What is the average sales price for listings in 924 West Newport Avenue?
The average sales price for units in 924 West Newport Avenue is $0 currently.

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