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8016 South Phillips Avenue

8016 South Phillips Avenue, Chicago, IL 60617
Property in South Chicago
Sold Dec 12, 2019
$430,000
8016 South Phillips Avenue in Chicago, IL was first built in 1960 and is 64 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 4,416 square feet.

Learn more about the property and building on this page. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 8016 South Phillips Avenue was last sold in Nov 21, 2019 for $430,000. Current property owners are expected to pay $5,365 in taxes per year. The property on 8016 South Phillips Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $26,086. To break that down further, the land itself was valued at $3,974. While improvements to the property were assessed at a total of $22,112. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can 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: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Multifamily
  • Floor Count: 3
  • Living Units: 11
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,416
  • 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: RICHARDSONS
  • Land Acres: 0.101
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : MEDLOCK CONSTRUCTION INC
  • Previous Owner : CHICAGO TITLE LAND TRUST COMPANY

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 480500

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 70
  • Parcel: 20-36-215-038-0000
  • Block: 8
  • Lot: 7-10
  • Meridian: SEC 36 TWN 38N RNG 14E
  • Municipality: HYDE PARK
  • Latitude: 41.7493
  • Longitude: -87.5666

    Address

  • Full Address: 8016 S Yates Blvd
  • Address - House Number: 8016
  • Street Direction: S
  • Address - Street Name: Yates
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Chicago
  • Zip Code: 60617

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,365
  • Tax Rate Code Area: 70001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 388,521
  • High Value: 487,795
  • Low Value: 289,246

    Market Valuation

  • Market Total Value: $260,860
  • Market Land Value: $39,740
  • Market Improvement Value: $221,120

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,086
  • Assessed Land Value: $3,974
  • Assessed Improvements Value: $22,112

    Sales

  • Current Sale Contract Date: Nov 21, 2019
  • Current Sale Recording Date: Dec 12, 2019
  • Current Sale Transaction ID: 11709828629
  • Current Sale Price: $430,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 1934655094

    Last Sale Mortgage

  • First Mortgage Lender: OLD SECOND NATIONAL BANK
  • First Mortgage Transaction Date: Dec 12, 2019
  • First Mortgage Loan Amount: $322,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About Far South Chicago



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Frequently Asked Questions

What neighborhood is 8016 South Phillips Avenue located in?
The 8016 South Phillips Avenue is a located in the neighborhood of South Chicago in Far South Chicago, Chicago.
What is the average sales price for listings in 8016 South Phillips Avenue?
The average sales price for units in 8016 South Phillips Avenue is $0 currently.

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