NOT LISTED FOR SALE

1020 W Altgeld St Chicago, IL 60614

Sheffield & DePaul Neighborhood

Estimated Value: $1,732,000 - $1,734,077

7 Beds
3 Baths
3,020 Sq Ft
$574/Sq Ft Est. Value

Last Sold April 03, 2023

Last sale price $930,000 $308 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $11,384/month

About This Home

As of April 2023

NEW CONSTRUCTION OPPORTUNITY- Perfect for condos or SFH. 25 x 125 lot. RT-4 zoning. DRIVE BY ONLY - Do not disturb tenants. Survey in addl info. Sold AS-IS.

Last Agent to Sell the Property

Hayley Westhoff

Compass License #475160313 Listed on: 12/22/2022

Compass

Co-Listed By

Jamie Book

Compass License #475179557

Last Buyer's Agent

Exclusive Agency

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,439

Year Built

  • 1891

Lot Details

  • Lot Dimensions are 25x125

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • No Heating
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,439

Year Built

1891

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1891

Interior Features

  • Basement: None
  • Total Bathrooms: 3
  • Total Bedrooms: 7
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • List Price: 899900
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: None
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 25X125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 19439.38
  • Tax Year: 2021

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 11, 2024
Sold by
Alverna Group Llc
Bought by
Palmer Robert A and Berkman Nicole E
Current Estimated Value
$1,733,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$992,057
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$740,982

Purchase Details

Closed on
Sep 9, 2024
Sold by
Alverna Group Llc
Bought by
Sullivan Patrick and Sullivan Aimee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$992,057
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$740,982

Purchase Details

Listed on
Dec 22, 2022
Closed on
Mar 21, 2023
Sold by
Stringham H Quincy
Bought by
Frances M Ramer Trust
Seller's Agent
Hayley Westhoff
Compass
Buyer's Agent
Exclusive Agency
NON MEMBER
List Price
$899,900
Sold Price
$930,000
Premium/Discount to List
$30,100
3.34%
Views
41

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.05%

Purchase Details

Listed on
Dec 22, 2022
Closed on
Mar 13, 2023
Sold by
Frances M Ramer Trust
Bought by
Alverna Group Llc
Seller's Agent
Hayley Westhoff
Compass
Buyer's Agent
Exclusive Agency
NON MEMBER
List Price
$899,900
Sold Price
$930,000
Premium/Discount to List
$30,100
3.34%
Views
41

Purchase Details

Closed on
Apr 8, 2021
Sold by
Ramer Frances M and Stringham Quincy
Bought by
Ramer Frances M and Frances M Ramer Trust

Purchase Details

Closed on
Mar 4, 2008
Sold by
Chicago Title Land Trust Co
Bought by
Ramer Frances M and Quincy Stringham H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
6.32%
Mortgage Type
Commercial
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Palmer Robert A $1,722,000 Chicago Title
Sullivan Patrick $1,399,000 Chicago Title
Frances M Ramer Trust -- Chicago Title
Alverna Group Llc $930,000 Chicago Title
Ramer Frances M -- Attorney
Ramer Frances M -- Lawyers
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palmer Robert A $1,000,000
Previous Owner Alverna Group Llc $1,190,100
Previous Owner Ramer Frances M $196,616
Previous Owner Stringham H Quincy $200,000
Previous Owner Ramer Frances M $408,000
Previous Owner Amalgamated Bank Of Chicago $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2023 04/05/23 For Sale $899,900 -3.2% $298 / Sq Ft
04/03/2023 04/03/23 Sold $930,000 -- $308 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $19,865 $105,413 $57,660 $47,753
2023 $19,865 $89,082 $46,500 $42,582
2022 $19,865 $100,000 $46,500 $53,500
2021 $19,439 $100,000 $46,500 $53,500
2020 $18,773 $87,372 $22,320 $65,052
2019 $18,816 $97,080 $22,320 $74,760
2018 $18,498 $97,080 $22,320 $74,760
2017 $14,768 $71,978 $19,840 $52,138
2016 $13,916 $71,978 $19,840 $52,138
2015 $12,709 $71,978 $19,840 $52,138
2014 $11,555 $64,846 $16,740 $48,106
2013 $11,316 $64,846 $16,740 $48,106
Source: Public Records

Agents Affiliated with this Home

  • Hayley Westhoff

    Seller's Agent in 2023

    Hayley Westhoff

    Compass

    (773) 729-0594

    6 in this area

    607 Total Sales

    Hayley Westhoff
    Section Image
  • Jamie Book

    Seller Co-Listing Agent in 2023

    Jamie Book

    Compass

    (773) 876-5260

    2 in this area

    162 Total Sales

    Jamie Book
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11752531

Midwest Real Estate Data (MRED)

APN: 14-29-418-025-0000

Illinois Cook County Chicago 60614 Sheffield & DePaul

1020 W Altgeld St, Chicago, IL

This home is located at 1020 W Altgeld St, Chicago, IL 60614 since 22 December 2022 and is currently estimated at $1,733,039, approximately $573 per square foot. This property was built in 1891. 1020 W Altgeld St is a home located in Cook County with nearby schools including Mayer Elementary School, Lincoln Park High School, and Saint Clement School.

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