3044 N Austin Ave Chicago, IL 60634

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2 beds · 1 bath · 876 sq ft · Lot Size: 3,750 sq ft · Single Family Home · Belmont Cragin
Est. Property Value: $248,830
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3044 N Austin Ave is in the Belmont Cragin neighborhood of Chicago, IL. It is located in Cook County and ZIP code 60634. This Single Family Home was built in 1949 and is approximately 76 years old. The single family home spans 876 sq ft with 2 bedrooms and 1 bathroom and sits on a 3750 sq ft lot. According to public records, it was last sold in 1998 for $155,000 and has a tax-assessed value of $230,000, which is $284 per sq ft. The Belmont Cragin area of Chicago has 2521 residential homes with an average size of 1008 sq ft. Analyze and compare real estate investment strategies for properties like this home at 3044 N Austin Ave Chicago, IL 60634 with Property Intel by Whitepages.

3044 N Austin Ave

Chicago, IL 60634

Owner Info

Owners & Occupancy for 3044 N Austin Ave

This property is owned by Victor C Adame. Owner contact information includes 4 phone numbers and 3 email addresses.

Property Owners

Cell Phone(773) ***-****View Cell Phone
Residence***********
Landline(773) 622-5683
Distance from Property**********
Email Address*************@aol.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1********************* age 71
Resident 2*************
Resident 3*************
Resident 4*****************
Resident 5************** age 54
Resident 6*****************
Resident 7*********

Property Financials for 3044 N Austin Ave

3044 N Austin Ave, Chicago, IL has a mortgage from Chase Manhattan Mtg (orig. May 26, 2020). The Cook county assessment for 2022 values it at $230,000, with annual taxes of $4,029.

Mortgage & Equity Information

Loan Amount$*****
LenderChase Manhattan Mtg
Origination DateMay 26, 2020
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date*************
Equity
View Equity

Property Tax

Purchase DateAugust 20, 1998
Property Tax Amount$4,029 in 2022
Purchase Price$155,000
Assessed Value$230,000 on 2022

Investment Potential for 3044 N Austin Ave

The property has a current estimated value of $248,830, which is 7% above the neighborhood median, based on public records. It last sold on August 20, 1998 for $155K. Projected long-term
is $32,400 annually ($2,700 per month) with a 93% occupancy rate.

Discover more Single Family Homes in Belmont Cragin.

Long-Term

Gross Rental
$32,400 per year($2,700 per month)
Net Operating Income
Cap Rate
Occupancy Rate
93%in 60634 zip code
 
View Rental Potential

Property Details for 3044 N Austin Ave

Property Details

Property Sq Ft

Living Area

876 sq ft

13% below market

Lot Size

3,750 sq ft

0% above market

Price Per Sq Ft

Living Area

$284 / sq ft

22% above market

Lot Size Area

$66 / sq ft

6% above market

Property condition, age, exterior, etc. for 3044 N Aus…
Longitude: -87.776487 Latitude: 41.936118 Parcel Number (APN): 13-29-110-035-0000…

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Market Benchmarks

Compare data for 3044 N Austin Ave in Cook County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$248,830
$158,290
$90,541 (57%)
YoY Price Change
Year Built
1949
1951
-2 years
Living Space
876 sq ft
1,018 sq ft
-142 (-14%)
$ Per Living Sq Ft
$284
$142
$142 (100%)
Lot Size
3,750 sq ft
5,500 sq ft
-1750 (-32%)
$ Per Lot Sq Ft
$66
$25
$42 (168%)

Net Operating Income
$22,865
-$655 (-3%)
Annual Revenue
$32,400
$32,400
$0 (0%)
$8,168
$2,022 (25%)
Net Operating Income
$22,865
-$655 (-3%)
Cap Rate
13.11%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

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