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7836 South Ada Street

7836 South Ada Street, Chicago, IL 60620
Commercial in Gresham
Sold Jan 14, 2020
$550,000
$440,000 by Us Bank Na
Mortgage
Sold Oct 17, 2002
$320,000
$240,000 by Highland Community Bank
Mortgage Due Oct 01, 2017
7836 South Ada Street 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 7,306 square feet.

Learn more about the property and building on this page. The property was last sold in Dec 17, 2019 for $550,000. Prior to that sales transaction, the property was also sold in Aug 26, 2002 for $320,000. 7836 South Ada Street was last assessed in 2023. The total value of the property was assessed at $91,699. Specifically, the land the property is located on was valued at $4,566. While improvements on the property were assessed at a total of $87,133. 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 $18,861. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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.

Building Features

Exterior

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

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: 12
  • Business/Commerical Units Count: 57
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,306
  • 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: FISH & SIMONTONS
  • Land Acres: 0.168
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (FISH) & (SIMONTONS) SUB OF BLKS 34 & 35 IN JONES SUB OF PT EX CERTAIN TRACTS CONVEYED WH SEC 29-38-14

Ownership

  • Current Owner : DUFELMEIER LLC
  • Previous Owner : ACOSTA GERARDO
  • Owner Before Previous Owner: SUBURBAN BANK & TRUST COMPANY
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 710700

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Subdivision Tract Number: S
  • Parcel: 20-29-320-025-0000
  • Block: 34,35
  • Lot: 16,15
  • Meridian: SEC 29 TWN 38N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.7511
  • Longitude: -87.6574

    Address

  • Full Address: 7836 S Ada St
  • Address - House Number: 7836
  • Street Direction: S
  • Address - Street Name: Ada
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C038
  • 4-Digit Zip Code: 3722
  • Zip Code: 60620

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $18,861
  • Tax Rate Code Area: 72001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 710,932
  • High Value: 892,588
  • Low Value: 529,275

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $440,000
  • First Open Lien Mortgage Lender: US BANK NA
  • First Open Lien Mortgage Recording Date: Jan 14, 2020
  • First Open Lien Mortgage Loan Amount: $440,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $916,990
  • Market Land Value: $45,660
  • Market Improvement Value: $871,330

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $91,699
  • Assessed Land Value: $4,566
  • Assessed Improvements Value: $87,133

    Sales

  • Current Sale Contract Date: Dec 17, 2019
  • Current Sale Recording Date: Jan 14, 2020
  • Current Sale Transaction ID: 11716302699
  • Current Sale Price: $550,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2001447032
  • Previous Sale Recording Date: Oct 17, 2002
  • Previous Sale Contract Date: Aug 26, 2002
  • Previous Sale Amount: $320,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NA
  • First Mortgage Transaction Date: Jan 14, 2020
  • First Mortgage Loan Amount: $440,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: HIGHLAND COMMUNITY BANK
  • Previous Mortgage Transaction Date: Oct 17, 2002
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $240,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Oct 01, 2017

About South Side



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Frequently Asked Questions

What neighborhood is 7836 South Ada Street located in?
The 7836 South Ada Street is a commercial located in the neighborhood of Gresham in South Side, Chicago.
What is the average sales price for listings in 7836 South Ada Street?
The average sales price for units in 7836 South Ada Street is $0 currently.

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