NOT LISTED FOR SALE

1041 W Madison St Chicago, IL 60607

West Loop Neighborhood

Estimated Value: $2,418,000 - $3,256,726

9 Beds
4 Baths
7,174 Sq Ft
$390/Sq Ft Est. Value

About This Home

This home is located at 1041 W Madison St, Chicago, IL 60607 and is currently estimated at $2,794,909, approximately $389 per square foot. 1041 W Madison St is a home located in Cook County with nearby schools including Skinner Elementary School, Wells Community Academy High School, and Village Leadership Academy.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2014
Sold by
Gregor Properties Llc
Bought by
1041 Madison Llc
Current Estimated Value
$2,794,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$1,134,237
Interest Rate
4.2%
Mortgage Type
Commercial
Estimated Equity
$1,660,672

Purchase Details

Closed on
May 3, 2007
Sold by
Ice Box Properties Inc
Bought by
Gregor Properties Llc

Purchase Details

Closed on
Jul 30, 1997
Sold by
Nuzzo Leonard and Nuzzo Terese
Bought by
Ice Box Properties Inc

Purchase Details

Closed on
Jun 29, 1995
Sold by
Morrison Theresa Hunt
Bought by
Morrison Robert J

Purchase Details

Closed on
Nov 30, 1994
Sold by
Shah Vadilal and Noojibail Eshwar
Bought by
Nuzzo Leonard and Nuzzo Terese

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
8.91%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
List Price
Sold Price
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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
1041 Madison Llc $1,875,000 First American
Gregor Properties Llc $677,000 Chicago Title Insurance Co
Ice Box Properties Inc -- --
Morrison Robert J -- --
Nuzzo Leonard $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1041 Madison Llc $1,500,000
Previous Owner Nuzzo Leonard $148,000
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
2025 $42,050 $175,000 $18,600 $156,400
2024 $42,050 $175,000 $18,600 $156,400
2023 $47,144 $198,619 $15,000 $183,619
2022 $47,144 $228,427 $15,000 $213,427
2021 $46,085 $228,427 $15,000 $213,427
2020 $25,072 $112,173 $10,200 $101,973
2019 $25,407 $126,038 $10,200 $115,838
2018 $27,486 $138,694 $10,200 $128,494
2017 $29,673 $137,368 $9,000 $128,368
2016 $27,513 $137,368 $9,000 $128,368
2015 $30,933 $168,804 $9,000 $159,804
2014 $15,691 $84,572 $7,500 $77,072
2013 $11,594 $63,749 $19,125 $44,624
Source: Public Records

Map

Illinois Cook County Chicago 60607 West Loop

1041 W Madison St, Chicago, IL

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