Seller's Agent in 2018
Jeffrey Schultz
Kinzie Brokerage LLC
(847) 420-3550
65 Total Sales
1275 Lee St Des Plaines, IL 60018
2
Acres
--
Price per Acre
87,120
Sq Ft Lot
About This Lot
As of December 2018Nearly 2 Acre Land Site with 133 feet of Frontage on Lee St./Mannheim Rd. with traffic counts of 25,600 Vehicles Per Day. Zoned C-3 (general commercial) and can accommodate a variety of Businesses including but not limited to; banks and financial institutions, Pharmacies/Drug Stores, Business & Professional Offices, Retail Goods & Service and more. Minutes from O'Hare Airport, Rivers Casino & Allstate Arena. Two tax IDs included in this listing. Also includes PIN 09-20-400-044. REO bank owned, being sold AS IS without reps, warranties or disclosures.
Property Details
Property Type
- Land
Est. Annual Taxes
- $44,979
Year Built
- 2000
Lot Details
Listing and Financial Details
- $12,500 Seller Concession
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 25, 2019
Sold by
Meridian Equity Llc
Bought by
Department Of Transportation
Total Days on Market
1081
Purchase Details
Listed on
Aug 18, 2015
Closed on
Dec 20, 2018
Sold by
Parkway Bank And Trust Co
Bought by
Meridian Equity Llc
Seller's Agent
Jeffrey Schultz
Kinzie Brokerage LLC
Buyer's Agent
Jeffrey Schultz
Kinzie Brokerage LLC
List Price
$812,000
Sold Price
$500,000
Premium/Discount to List
-$312,000
-38.42%
Purchase Details
Closed on
Feb 28, 2001
Sold by
Parkway Bank & Trust Company
Bought by
Patel Rashmi C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7.13%
Purchase Details
Closed on
Jul 27, 1999
Sold by
Kotsiovos Nick and Kalantzis Gus
Bought by
Silver Stallion Restaurant Inc
Purchase Details
Closed on
Aug 21, 1998
Sold by
Park Sung Swan and Park Jin
Bought by
Parkway Bank & Trust Company and Trust #12020
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,500
Interest Rate
8.5%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Department Of Transportation | $8,000 | None Available | |
| Meridian Equity Llc | $710,000 | Chicago Title | |
| Patel Rashmi C | $760,000 | -- | |
| Silver Stallion Restaurant Inc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Parkway Bank & Trust Co | $760,000 | |
| Previous Owner | Parkway Bank & Trust | $495,000 | |
| Previous Owner | Patel Rashmi C | $600,000 | |
| Previous Owner | Parkway Bank & Trust Company | $787,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/21/2018 12/21/18 | Sold | $500,000 | -38.4% | -- |
| 08/03/2018 08/03/18 | Pending | -- | -- | -- |
| 07/23/2018 07/23/18 | For Sale | $812,000 | 0.0% | -- |
| 03/19/2018 03/19/18 | Pending | -- | -- | -- |
| 08/18/2015 08/18/15 | For Sale | $812,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $44,979 | $206,532 | $139,038 | $67,494 |
| 2023 | $44,979 | $206,532 | $139,038 | $67,494 |
| 2022 | $44,979 | $174,802 | $139,038 | $35,764 |
| 2021 | $64,837 | $210,929 | $139,037 | $71,892 |
| 2020 | $53,639 | $177,500 | $139,037 | $38,463 |
| 2019 | $43,012 | $159,826 | $145,537 | $14,289 |
| 2018 | $39,252 | $131,250 | $93,559 | $37,691 |
| 2017 | $38,559 | $131,250 | $93,559 | $37,691 |
| 2016 | $36,472 | $131,250 | $93,559 | $37,691 |
| 2015 | $39,678 | $131,249 | $83,164 | $48,085 |
| 2014 | $38,842 | $131,249 | $83,164 | $48,085 |
| 2013 | $51,357 | $177,969 | $83,164 | $94,805 |
Source: Public Records
Agents Affiliated with this Home
-
Jeffrey Schultz
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD09015626
APN: 09-20-400-041-0000
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