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4735 N Talman Ave #1
Score
0
Chicago, IL

4735 N Talman Ave #1

469K
3 bd • 2 ba • 1,325 sf

This analysis was generated on 2/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$468,900

Price/Sq.Ft

$354

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Rental Income Potential: The estimated rent for a 3-bedroom unit is $2,090 per month. This income can offset mortgage payments and other ownership costs. • Size: The property offers 1,325 square feet of living space, which is a decent size for a 3-bedroom, 2-bathroom house. This is larger than many condo alternatives in the area. • Location: Situated on North Talman Avenue, the property benefits from its proximity to local amenities, transportation options, and neighborhood attractions. Check Walkscore.com for specific walkability, transit, and bike scores. • Standard Price per SqFt: The price per square foot of $353.89 is fairly standard compared to other homes in Chicago. This means that the price is not unusually high.

The Bad

• Unknown Year Built: Without knowing the age of the property, it's difficult to assess potential maintenance costs, structural integrity, and compliance with current building codes. Older buildings (50+ years) may require significant upgrades. • Lack of Property Features: The absence of listed features makes it challenging to compare this property to others in the area. It's unclear whether it has desirable amenities such as updated appliances, central air conditioning, or parking. • Missing Property Description: The absence of a property description leaves potential buyers uninformed about the layout, condition, and unique selling points of the property.

The Ugly

• High Property Taxes: Chicago has some of the highest property taxes in the United States. These taxes can significantly increase the overall cost of ownership. • Potential for Hidden Costs: The lack of information about the property's condition and systems means that there could be hidden costs associated with repairs, renovations, or upgrades. • Limited Information for Comparison: Without more details about the property, it's difficult to accurately compare it to other listings in the area and determine its true value. • No Mention of HOA: With no mention of an HOA, there may be fees that could add to the monthly 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

• Investors Seeking Rental Income: The property's potential rental income of $2,090 per month aligns with the market rate for similar 3-bedroom units in the area, offering a potential return on investment. • Buyers Comfortable with Older Properties: The building's age implies character but also potential maintenance needs, making it suitable for buyers who appreciate vintage charm and are prepared for upkeep. • Buyers Prioritizing Location: Situated in the North Talman Avenue area, the property offers convenient access to local amenities and transportation, appealing to those who value urban living. • Buyers Seeking a Condo Alternative: With three bedrooms and two bathrooms spread over 1,325 square feet, this house offers more space than many condos in the area, making it attractive to buyers seeking room to grow.

Not For

• Buyers Seeking Modern Amenities: Given the unknown year built and lack of listed features, the property may lack modern amenities and updates, making it less suitable for those seeking contemporary living spaces. • Buyers Unprepared for Maintenance: Older homes often require more maintenance and repairs, which may deter buyers seeking a low-maintenance property. • Buyers on a Strict Budget: The combination of a relatively high price point ($468,900) and potentially high property taxes may strain the budget of cost-conscious buyers. • Buyers Sensitive to Noise: As an urban property, noise levels may be higher compared to suburban or rural areas, which may not suit noise-sensitive individuals.
Demographics
Area Median Income

$76,088

Property History

Price History
Ownership Timeline
$410,000Financed
Jun 23, 2021
Andrew Erdmann, Amanda M ErdmannChristopher R Hoover, Kelly L Stevens
Warranty Deed
Standard Sale (Purchase/Resales)
$385,000Financed
Jul 20, 2018
Lukas Galvin, Katherine Kusiak GalvinAndrew Erdmann, Amanda M Erdmann
Warranty Deed
Standard Sale (Purchase/Resales)
$0Financed
Jan 27, 2012
Katherine KusiakKatherine Kusiak Galvin, Lukas Galvin
Warranty Deed
Non-Arm's Length Transactions
$259,500Financed
May 5, 2011
Chicago Avenue West Llc 4735 N TalmanKatherine Kusiak
Special 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

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Schools

Nearby school quality by education level

Elementary

6.0/10
Good

Middle

5.7/10
Average

High

2.8/10
Below Average

Financials

Monthly Costs
Market Rent (3 bed)

$1,330

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$468,900
Price/sqft
$354
Layout
3 bd2 ba
0

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$469,333

0.1%

Your price is 0.1% below average

Median Price

$420,000

11.6%

Based on 6 recent sales

Price per Sq.Ft

$355

0.3%

Your price is 0.3% below average $/sqft

Comparable Properties

2042 W Berteau Avenue, Chicago, IL 60618
Price: $665,000
Sq.Ft: 1,371
Beds/Baths: 4/2
$/Sq.Ft:
$48537.1%
Sale Date: 2/4/2025
4950 N Western Avenue #3D, Chicago, IL 60625
Price: $387,000
Sq.Ft: 1,288
Beds/Baths: 2/2
$/Sq.Ft:
$30015.1%
Sale Date: 1/10/2025
4111 N Mozart Street #3W, Chicago, IL 60618
Price: $325,000
Sq.Ft: 1,150
Beds/Baths: 2/2
$/Sq.Ft:
$28320.1%
Sale Date: 1/9/2025
4930 N Damen Avenue #2, Chicago, IL 60625
Price: $637,000
Sq.Ft: 1,500
Beds/Baths: 3/2
$/Sq.Ft:
$42520.0%
Sale Date: 12/10/2024
1963 W Cullom Avenue #2, Chicago, IL 60613
Price: $382,000
Sq.Ft: 1,100
Beds/Baths: 2/2
$/Sq.Ft:
$3471.9%
Sale Date: 12/20/2024
5442 N Western Avenue #2C, Chicago, IL 60625
Price: $420,000
Sq.Ft: 1,462
Beds/Baths: 2/2
$/Sq.Ft:
$28718.8%
Sale Date: 11/21/2024

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