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4026 North Monticello Avenue

4026 North Monticello Avenue, Chicago, IL 60618
Property in Albany Park
Sold May 31, 2016
$550,000
$517,000 by Guaranteed Rate Inc
Mortgage Due Jun 01, 2046
Sold Apr 16, 2013
$295,000
$221,250 by Jpmorgan Chase Bank Na
Mortgage Due Apr 01, 2043
4026 North Monticello Avenue has been categorized by the local assessors in Chicago, IL as a residential type of property. The building on the property was first built in 1915 and is 109 years old. The home has a total of 15 rooms. 6 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 3 stories. In addition, 4026 North Monticello Avenue has 3,369 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,426 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of tar and gravel. The exterior walls of the building are made of masonry. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system. The property was last sold in May 20, 2016 for $550,000. That's $163.25 per sqft. Prior to that sales transaction, the property was also sold in Mar 28, 2013 for $295,000. 4026 North Monticello Avenue was last assessed in 2023. The total value of the property was assessed at $47,013. Specifically, the land the property is located on was valued at $17,130. While improvements on the property were assessed at a total of $29,883. 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 $8,998. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Total Rooms: 15
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 3
  • Living Units: 3
  • Business/Commerical Units Count: 4
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,426
  • Total Building Area: 3,369
  • Gross Building Area: 3,369
  • Building Area: 3,369
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 3,369
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WALKERS ADD TO CHICAGO
  • Land Acres: 0.079
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: W B (WALKERS) ADD TO (CHICAGO) IN SW SEC 14-40-13

Ownership

  • Current Owner : WHITNEY RUSSELL JAMES
  • Previous Owner : GIBBONS THOMAS
  • Previous Owner 2: GIBBONS STEPHEN
  • Owner Before Previous Owner: SANTIAGO JULIO A
  • Owner Before Previous Owner 2: SANTIAGO JAIME L
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 160400

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-14-332-035-0000
  • Block: 27
  • Lot: 29
  • Meridian: SEC 14 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9547
  • Longitude: -87.7196

    Address

  • Full Address: 4026 N Monticello Ave
  • Address - House Number: 4026
  • Street Direction: N
  • Address - Street Name: Monticello
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C076
  • 4-Digit Zip Code: 2202
  • Zip Code: 60618

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,998
  • Tax Rate Code Area: 71128

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 491,353
  • High Value: 616,903
  • Low Value: 365,802

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $576,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: May 31, 2016
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $517,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2046
  • Second Open Lien Mortgage Lender: THE HUNTINGTON NATIONAL BANK
  • Second Open Lien Mortgage Recording Date: Jun 11, 2018
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $59,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: May 24, 2048

    Market Valuation

  • Market Total Value: $470,130
  • Market Land Value: $171,300
  • Market Improvement Value: $298,830

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,013
  • Assessed Land Value: $17,130
  • Assessed Improvements Value: $29,883

    Sales

  • Current Sale Contract Date: May 20, 2016
  • Current Sale Recording Date: May 31, 2016
  • Current Sale Transaction ID: 1600312031
  • Current Sale Price: $550,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1615239120
  • Previous Sale Recording Date: Apr 16, 2013
  • Previous Sale Contract Date: Mar 28, 2013
  • Previous Sale Amount: $295,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: May 31, 2016
  • First Mortgage Loan Amount: $517,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jun 01, 2046

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: JPMORGAN CHASE BANK NA
  • Previous Mortgage Transaction Date: Apr 16, 2013
  • Previous Mortgage Loan Amount: $221,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Apr 01, 2043

About Northwest Side



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Frequently Asked Questions

What neighborhood is 4026 North Monticello Avenue located in?
The 4026 North Monticello Avenue is a located in the neighborhood of Albany Park in Northwest Side, Chicago.
What is the average sales price for listings in 4026 North Monticello Avenue?
The average sales price for units in 4026 North Monticello Avenue is $0 currently.

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