NOT LISTED FOR SALE

3607 S Damen Ave Chicago, IL 60609

McKinley Park Neighborhood

Estimated Value: $300,791 - $423,000

3 Beds
1 Bath
1,083 Sq Ft
$331/Sq Ft Est. Value

Last Sold June 26, 2014

Last sale price $475,000 $439 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $2,100/month

14 Days on Market

About This Home

As of June 2014

Vacant building. Was a store w/ 2 apts. Now gutted and framed. No electric. No plumbing. Property vacant for 2+ years. This is a shell for rehab or tear down. Lot is 25X125 zoned B1-2. FAR is 2.2 Bring offers w/ proof of funds and no contingencies.

Last Agent to Sell the Property

Patrick Duffy

Strauss Realty Ltd License #475140988 Listed on: 05/19/2014

Last Buyer's Agent

Dale Strauss

Strauss Realty Ltd License #471007335

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,700

Year Built

  • Built in 1904

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25x125

Home Design

  • Brick or Stone Mason

Unfinished Basement

  • Partial Basement

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Utilities

  • No Heating
  • Lake Michigan Water

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,700

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1904
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick,Stone

Garage/Parking

  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: None
  • Water Source: Lake Michigan

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 7700.02
  • Tax Year: 2012

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2008
Sold by
Marquette Bank
Bought by
Palacios Mary
Current Estimated Value
$358,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,500
Outstanding Balance
$120,612
Interest Rate
5.75%
Mortgage Type
Unknown
Estimated Equity
$237,836

Purchase Details

Closed on
Oct 2, 2002
Sold by
Petrulis Paul A
Bought by
Marquette Bank and Trust #16363
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Palacios Mary $195,000 Ticor Title Insurance
Marquette Bank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palacios Mary $193,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2014 06/26/14 Sold $475,000 +2.2% $439 / Sq Ft
06/02/2014 06/02/14 Pending -- -- --
05/19/2014 05/19/14 For Sale $465,000 -- $429 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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
2024 $2,691 $21,690 $9,300 $12,390
2023 $2,602 $16,000 $7,500 $8,500
2022 $2,602 $16,000 $7,500 $8,500
2021 $2,548 $16,000 $7,500 $8,500
2020 $2,907 $16,069 $6,000 $10,069
2019 $2,957 $18,056 $6,000 $12,056
2018 $2,907 $18,056 $6,000 $12,056
2017 $2,823 $16,405 $5,100 $11,305
2016 $2,804 $16,405 $5,100 $11,305
2015 $2,666 $17,066 $5,100 $11,966
2014 $2,525 $16,071 $3,600 $12,471
2013 $2,464 $16,071 $3,600 $12,471
Source: Public Records

Agents Affiliated with this Home

  • Patrick Duffy

    Seller's Agent in 2014

    Patrick Duffy

    Strauss Realty Ltd

    (773) 736-3600

    14 Total Sales

    Patrick Duffy
    Section Image
  • Dale Strauss

    Buyer's Agent in 2014

    Dale Strauss

    Strauss Realty Ltd

    (773) 736-3600

    8 Total Sales

    Dale Strauss
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08622932

Midwest Real Estate Data (MRED)

APN: 17-31-408-003-0000

Illinois Cook County Chicago 60609 McKinley Park

3607 S Damen Ave, Chicago, IL

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