NOT LISTED FOR SALE

1938 W School St Unit 416 Chicago, IL 60657

Roscoe Village Neighborhood

Estimated Value: $910,000 - $1,169,551

5 Beds
6 Baths
2,273 Sq Ft
$474/Sq Ft Est. Value

Last Sold January 30, 2025

Last sale price $1,030,000 $453 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,089/month

65 Days on Market

About This Home

As of January 2025

ROSCOE VILLAGE: Single Family House plus Coach House. This SFH comes with a rarely available income producing (legal) coach house. The SFR (front main house) was completely re-built in 2008 (due to a porch fire 2007). Featuring 5 bedrooms and 4 baths, spacious first floor with an open living room that flows into the kitchen and dining room, large walk-in pantry and rear mud room. Main bedroom has en-suite tiled bath, walk-in closet and stunning private outdoor deck overlooking the landscaped backyard. Natural light pours through the many Jeld-Wen wood windows. Each of the 3 floors of the front house are 1210 sq feet plus an insulated attic. Enjoy the rental income. The "Grandfathered In" coach house features a 1 bedroom and a 2 bedroom apartment, both leased. Each unit has it's own in-unit laundry and central air and private outdoor space. Both buildings (front main house and coach house) are included in the sale of this unique and highly desirable property. Water mains to both building have been updated. Nearby schools include John Hope College Preparatory High School, Jahn Elementary School, and Lake View High School. Ample FREE street parking. No parking on the property since there is a coach house.

Last Agent to Sell the Property

Henry Schleichkorn

Chicago Northside Realty LLC License #471007255 Listed on: 09/14/2024

Last Buyer's Agent

Henry Schleichkorn

Chicago Northside Realty LLC License #471007255 Listed on: 09/14/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,812

Year Built

  • Built in 1896 | Remodeled in 2008

Home Design

  • Cottage
  • Brick Exterior Construction
  • Frame Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 6 Bathrooms

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 25x125
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,812

Year Built

Built in 1896 | Remodeled in 2008

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Cottage
  • New Construction: No
  • Year Built: 1896
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): Yes
  • Rehab Year: 2008
  • Rebuilt Year: 2008
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2008

Interior Features

  • Basement: Finished, Full
  • Total Bathrooms: 6
  • Total Bedrooms: 5
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner

Exterior Features

  • Construction Materials: Brick, Frame
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Lot Info

  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 17812.42
  • Tax Year: 2023

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s,Coach House

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2024
Closed on
Jan 27, 2025
Sold by
Chicago Title Land Trust Company
Bought by
Smith Oliver J and Soper-Smith Cassia
Seller's Agent
Henry Schleichkorn
Chicago Northside Realty LLC
Buyer's Agent
Henry Schleichkorn
Chicago Northside Realty LLC
List Price
$1,049,000
Sold Price
$1,030,000
Premium/Discount to List
-$19,000
-1.81%
Views
48
Current Estimated Value
$1,078,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,388
Avg. Annual Appreciation
4.70%
Original Mortgage
$824,000
Outstanding Balance
$817,052
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$261,336

Purchase Details

Closed on
May 5, 2005
Sold by
2800 North Lincoln Development Corp
Bought by
Devaraj Deepak

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
6.05%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 7, 2003
Sold by
Lasalle Bank Na
Bought by
Lasalle Bank Na and Trust #130796
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Smith Oliver J $1,030,000 None Listed On Document
Devaraj Deepak $356,500 M G R Title
Lasalle Bank Na -- --
Lasalle Bank Na -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Oliver J $824,000
Previous Owner Devaraj Deepak $285,000
Closed Devaraj Deepak $71,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2025 01/30/25 Sold $1,030,000 0.0% $453 / Sq Ft
12/31/2024 12/31/24 Off Market $1,030,000 -- --
11/18/2024 11/18/24 Pending -- -- --
11/16/2024 11/16/24 Pending -- -- --
11/01/2024 11/01/24 Price Changed $999,995 -4.7% $440 / Sq Ft
10/04/2024 10/04/24 Price Changed $1,049,000 0.0% $462 / Sq Ft
10/04/2024 10/04/24 For Sale $1,049,000 +4.9% $462 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
09/14/2024 09/14/24 For Sale $999,995 -- $440 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,812 $101,001 $48,438 $52,563
2024 $17,812 $101,001 $48,438 $52,563
2023 $17,364 $84,425 $39,063 $45,362
2022 $17,364 $84,425 $39,063 $45,362
2021 $16,977 $84,423 $39,062 $45,361
2020 $15,781 $70,842 $16,250 $54,592
2019 $16,109 $80,179 $16,250 $63,929
2018 $19,123 $96,808 $16,250 $80,558
2017 $13,108 $60,890 $14,375 $46,515
2016 $12,196 $60,890 $14,375 $46,515
2015 $11,527 $62,907 $14,375 $48,532
2014 $10,616 $57,219 $11,250 $45,969
2013 $11,743 $64,568 $11,250 $53,318
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12164391

Midwest Real Estate Data (MRED)

APN: 14-19-419-030-0000