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10540 South Prospect Avenue

10540 South Prospect Avenue, Chicago, IL 60643
Property in East Beverly
Sold May 26, 1998
$155,000
$106,000 by Liberty Bank For Savings
Mortgage Due Aug 01, 2026
10540 South Prospect Avenue in Chicago, IL was first built in 1951 and is 73 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 bungalow style. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 10540 South Prospect Avenue has 1,127 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. The linear feet across the front of the lot is 1,160 ft and the linear feet between the front and back of the lot is 540. In total, the area measurement of the land is 6,330 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 attached garage. There are a total of 2 available parking spaces. 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 masonry. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a hot water heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Jan 22, 1998 for $155,000. That's $137.53 per sqft. 10540 South Prospect Avenue was last assessed in 2023. The total value of the property was assessed at $24,000. Specifically, the land the property is located on was valued at $6,330. While improvements on the property were assessed at a total of $17,670. 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 $3,681. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,330
  • Lot Size Depth Feet: 540
  • Lot Size Frontage Feet: 1,160
  • Total Building Area: 1,127
  • Gross Building Area: 1,127
  • Building Area: 1,127
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 1,127
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RESUBDIVISION OF LTS35-78 EX LTS56-57
  • Land Acres: 0.145
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (RESUBDIVISION) OF LTS35-78 EX LTS56-57 OF WASHINGTON HTS BEING RESUB OF LTS8-14 BLK5, LTS4-7 BLK10, ALL BLK11 EX LTS4 & LTS1

Ownership

  • Current Owner : MAGEE WILLIA J
  • Previous Owner : MOORE FLOYD E
  • Previous Owner 2: MOORE NAOMI R
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 720700

Zoning

  • Zoning: RS-1

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 25-18-211-021-0000
  • Block: 5,10,
  • Lot: 4-16
  • Meridian: SEC 18 TWN 37N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.7018
  • Longitude: -87.6621

    Address

  • Full Address: 10540 S Prospect Ave
  • Address - House Number: 10540
  • Street Direction: S
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C031
  • 4-Digit Zip Code: 2948
  • Zip Code: 60643

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,681
  • Tax Rate Code Area: 72003

    Appraisal Valuation

  • Standard Deviation: 0.2407
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 316,872
  • High Value: 393,146
  • Low Value: 240,598

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $106,000
  • First Open Lien Mortgage Lender: LIBERTY BANK FOR SAVINGS
  • First Open Lien Mortgage Recording Date: Jul 14, 2011
  • First Open Lien Mortgage Loan Amount: $106,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2026

    Market Valuation

  • Market Total Value: $240,000
  • Market Land Value: $63,300
  • Market Improvement Value: $176,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,000
  • Assessed Land Value: $6,330
  • Assessed Improvements Value: $17,670

    Sales

  • Current Sale Contract Date: Jan 22, 1998
  • Current Sale Recording Date: May 26, 1998
  • Current Sale Transaction ID: 1089323229
  • Current Sale Price: $155,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 98433019

    Last Sale Mortgage

  • First Mortgage Lender: LIBERTY BANK FOR SVGS
  • First Mortgage Transaction Date: May 26, 1998
  • First Mortgage Loan Amount: $135,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Due Date: Mar 01, 2013

About Far South Chicago



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Frequently Asked Questions

What neighborhood is 10540 South Prospect Avenue located in?
The 10540 South Prospect Avenue is a located in the neighborhood of East Beverly in Far South Chicago, Chicago.
What is the average sales price for listings in 10540 South Prospect Avenue?
The average sales price for units in 10540 South Prospect Avenue is $0 currently.

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