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8100 South Ada Street

8100 South Ada Street, Chicago, IL 60620
Property in Gresham
Sold May 13, 2021
$7,050,000
$6,631,000 by Arbor Private Label Llc
Mortgage Due Mar 01, 2033
Sold Dec 08, 2006
$600,000
8100 South Ada Street in Chicago, IL was first built in 1926 and is 98 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. The linear feet across the front of the lot is 1,240 ft and the linear feet between the front and back of the lot is 420. In total, the area measurement of the land is 5,340 square feet.

Learn more about the property and building on this page. The property was last sold in Mar 9, 2021 for $7,050,000. Prior to that sales transaction, the property was also sold in Nov 29, 2006 for $600,000. 8100 South Ada Street was last assessed in 2023. The total value of the property was assessed at $91,699. Specifically, the land the property is located on was valued at $4,806. While improvements on the property were assessed at a total of $86,893. 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 $18,861. The initial tax year of delinquency was in 2021. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. 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: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Multifamily
  • Floor Count: 3
  • Living Units: 13
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,340
  • Lot Size Depth Feet: 420
  • Lot Size Frontage Feet: 1,240
  • 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: FIRST ADD TO AUBURN HIGHLANDS
  • Land Acres: 0.123
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (FIRST) ADD TO (AUBURN)(HIGHLANDS) BEING HARTS SUB OF BLKS 11& 12 & EH OF BLKS 3,6& 10 IN CIRCUIT COURT PARTN NW SEC 32-38-14

Ownership

  • Current Owner : CHICAGO RESIDENT 2 LLC
  • Previous Owner : 8052 SOUTH LAFLIN LLC
  • Owner Before Previous Owner: CHICAGO TITLE LAND TRUST CO
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 711100

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 20-32-120-017-0000
  • Block: 3,6
  • Lot: 1
  • Meridian: SEC 32 TWN 38N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.7467
  • Longitude: -87.6577

    Address

  • Full Address: 8100 S Ada St
  • Address - House Number: 8100
  • Street Direction: S
  • Address - Street Name: Ada
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Zip Code: 60620

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $18,861
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 72001

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 1,484,445
  • High Value: 1,708,500
  • Low Value: 1,260,389

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $6,631,000
  • First Open Lien Mortgage Lender: ARBOR PRIVATE LABEL LLC
  • First Open Lien Mortgage Recording Date: Feb 09, 2023
  • First Open Lien Mortgage Loan Amount: $6,631,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2033

    Market Valuation

  • Market Total Value: $916,990
  • Market Land Value: $48,060
  • Market Improvement Value: $868,930

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $91,699
  • Assessed Land Value: $4,806
  • Assessed Improvements Value: $86,893

    Sales

  • Current Sale Contract Date: Mar 09, 2021
  • Current Sale Recording Date: May 13, 2021
  • Current Sale Transaction ID: 11835250540
  • Current Sale Price: $7,050,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2113319016
  • Previous Sale Recording Date: Dec 08, 2006
  • Previous Sale Contract Date: Nov 29, 2006
  • Previous Sale Amount: $600,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BROADVIEW FUNDING LLC
  • First Mortgage Transaction Date: May 13, 2021
  • First Mortgage Loan Amount: $4,900,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

About South Side



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Frequently Asked Questions

What neighborhood is 8100 South Ada Street located in?
The 8100 South Ada Street is a located in the neighborhood of Gresham in South Side, Chicago.
What is the average sales price for listings in 8100 South Ada Street?
The average sales price for units in 8100 South Ada Street is $0 currently.

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