Score
0Chicago, IL
3925 N Lowell Ave
733K
4 beds
2 baths
1,548 sqft
4 bd • 2 ba • 1,548 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$733,000
Price/Sq.Ft
$474
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 3925 N Lowell Ave, Chicago, IL 60641 offers several attractive features. At 1,548 sqft, it's 7.5% larger than the average 3-bedroom home in Chicago (1,440 sqft). The 4 bedrooms provide flexibility for families or potential rental income. Its price of $473.51/sqft is competitive, just 3.5% above the median price of $457/sqft for similar homes in the area. The property's location in the Irving Park neighborhood offers a good balance of urban amenities and residential charm, with a walk score of 78, indicating most errands can be accomplished on foot. The mature trees surrounding the property enhance curb appeal and provide natural shade, potentially reducing cooling costs in summer.
The Bad
The property's age is unknown, which raises concerns about potential hidden maintenance issues and outdated systems. With only 2 bathrooms for 4 bedrooms, the bathroom-to-bedroom ratio is below the ideal 1:1 for modern family homes. The lack of detailed information about features, utilities, and systems makes it difficult to assess the true condition and value of the property. The asking price of $733,000 is 10.05 times the median income of $72,950, which is above the recommended affordability ratio of 3-5 times annual income, potentially limiting the pool of eligible buyers.
The Ugly
Chicago's notoriously high property taxes could significantly increase the total cost of ownership. Based on the city's average effective tax rate of 2.10%, annual property taxes could be around $15,400, a substantial ongoing expense. The lack of information about the home's age and condition suggests potential for major system replacements (HVAC, roof, plumbing) in the near future, which could cost $30,000-$50,000 or more. Chicago's harsh winters may have taken a toll on the exterior, potentially requiring significant maintenance or repairs. The current four-bedroom rental rate of $2,172 indicates a potential gross rental yield of only 3.55%, which is low for investment purposes and may not cover the mortgage and additional expenses.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for a family with a household income of at least $180,000 (based on a 28% front-end DTI ratio for a mortgage payment). It's ideal for those who value space and a family-friendly neighborhood over modern amenities. The property could appeal to buyers looking for a long-term family home with potential for appreciation as they invest in updates over time. It may also interest investors looking for a multi-unit conversion opportunity, given the size and bedroom count, subject to local zoning laws.
Not For
This property is not suitable for first-time homebuyers or those with limited budgets due to the high purchase price and potential for significant ongoing maintenance costs. It's not ideal for investors seeking immediate rental income, as the potential rental yield is low compared to the purchase price. Buyers looking for a move-in ready, modern home with updated systems and finishes should look elsewhere, as this property likely requires substantial updates.
Demographics
Area Median Income
$72,950
Property History
Price History
Ownership Timeline
$530,000Financed
Jul 19, 2017David Wetherbee, Elizabeth M SimpkinGrant M Link, Jennifer Lin O Brien
Warranty Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
Loading sunlight data...
Financials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,158
Unlock Premium Features
Supercharge Your Property Analysis
Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.
Best for serious buyers
- Unlimited AI analysis
- Unlimited AI chat
- Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee
Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$733,000
Price/sqft
$474
Layout
4 bd•2 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$429,250
70.8%
Your price is 70.8% above average
Median Price
$515,000
42.3%
Based on 6 recent sales
Price per Sq.Ft
$255
85.7%
Your price is 85.7% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 3846 N Kedvale Avenue, Chicago, IL 60641 | $575,000 | 1,656 | 3 | 2 | $34726.7% | 11/13/2024 |
| 4447 N Lamon Avenue, Chicago, IL 60630 | $515,000 | 1,800 | 4 | 2 | $28639.6% | 11/23/2024 |
| 3724 W Wilson Avenue #1W, Chicago, IL 60625 | $263,000 | 1,600 | 3 | 2 | $16465.3% | 9/10/2024 |
| 4826 W Warner Avenue, Chicago, IL 60641 | $430,000 | 1,700 | 4 | 2 | $25346.6% | 9/20/2024 |
| 4170 W Cornelia Street, Chicago, IL 60641 | $270,000 | 1,500 | 3 | 2 | $18062.0% | 8/21/2024 |
| 4422 N La Crosse Avenue, Chicago, IL 60630 | $522,500 | 1,760 | 4 | 2 | $29737.3% | 9/17/2024 |
3846 N Kedvale Avenue, Chicago, IL 60641
Price: $575,000
Sq.Ft: 1,656
Beds/Baths: 3/2
$/Sq.Ft:
$34726.7%
Sale Date: 11/13/2024
4447 N Lamon Avenue, Chicago, IL 60630
Price: $515,000
Sq.Ft: 1,800
Beds/Baths: 4/2
$/Sq.Ft:
$28639.6%
Sale Date: 11/23/2024
3724 W Wilson Avenue #1W, Chicago, IL 60625
Price: $263,000
Sq.Ft: 1,600
Beds/Baths: 3/2
$/Sq.Ft:
$16465.3%
Sale Date: 9/10/2024
4826 W Warner Avenue, Chicago, IL 60641
Price: $430,000
Sq.Ft: 1,700
Beds/Baths: 4/2
$/Sq.Ft:
$25346.6%
Sale Date: 9/20/2024
4170 W Cornelia Street, Chicago, IL 60641
Price: $270,000
Sq.Ft: 1,500
Beds/Baths: 3/2
$/Sq.Ft:
$18062.0%
Sale Date: 8/21/2024
4422 N La Crosse Avenue, Chicago, IL 60630
Price: $522,500
Sq.Ft: 1,760
Beds/Baths: 4/2
$/Sq.Ft:
$29737.3%
Sale Date: 9/17/2024
Frequently Asked Questions
Property Discussion
Start the Conversation
Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.
You
Analyze Any Property for Free
Get instant insights and potential savings on any Zillow listing.
Free Analysis
AI-Powered Insights
Instant Results
