Seller's Agent in 2023
Ron Fabiani
Mid-America Realty & Investment
(708) 415-2484
1 in this area
1 Total Sale
1280 North Ave W West Chicago, IL 60185
Chicago West NeighborhoodEstimated Value: $221,938
2.92
Acres
$76,006
Price per Acre
127,195
Sq Ft Lot
Highlights
- 2.92 Acre Lot
- West Chicago Community High School Rated A-
- Garage
About This Lot
As of May 2023Amazing and overlooked parcel of land that offers a rare "Golden Opportunity" for any commercial development. Seeking a creative and knowledgeable hands-on developer whose vison could provide a constant increased valuation for this property. This location is not ordinary, but extraordinary, with a lot of traffic passing by its major US Highway frontage access that provides major shopping opportunities. Again, seeking some one that has the expertise to acquire this unique property. Property goes 1,600 ft. from north Ave. directly south. Double doored garage 24' x 31' has a newer roof and can handle 5 cars. There is water on the South back side of this subject's lot. Perchance Any interested buyer may have to contact village of West Chicago for a VARIANCE application covering any type of vehicle sales, rental or trucking preference business if desired. Even though right next door does have a truck business as well as right down the street has the same type of business. Copy of Survey should be attached to this outline. Seeking a realistic investor that knows what this location has to offer. Also depending on buyers' position, seller MAY offer possible financial assistance upon a substantial heavy down payment. Need a copy of this subject's survey, call realtor and provide your email for it to be sent. Current accepted contract is subject to any new offer that would seriously be considered.
Last Agent to Sell the Property
Mid-America Realty & Investment License #475139833 Listed on: 05/22/2022
Last Buyer's Agent
Mid-America Realty & Investment License #475139833 Listed on: 05/22/2022
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,585
Lot Details
- 2.92 Acre Lot
- Lot Dimensions are 95.23 x 1373.47
- Property fronts a highway
- Property is zoned COMMR
Parking
- Garage
Schools
- Benjamin Middle School
Utilities
- No Cooling
- No Heating
- Gas Available at Street
Community Details
Amenities
- No Laundry Facilities
Recreation
- Electricity Available at Street
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 22, 2022
Closed on
May 3, 2023
Sold by
Pappas George
Bought by
Velazquez Construction Trucking Company Inc
Seller's Agent
Ron Fabiani
Mid-America Realty & Investment
Buyer's Agent
Ron Fabiani
Mid-America Realty & Investment
List Price
$232,500
Sold Price
$200,000
Premium/Discount to List
-$32,500
-13.98%
Views
26
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,938
Avg. Annual Appreciation
3.84%
Original Mortgage
$120,000
Outstanding Balance
$78,530
Interest Rate
6.5%
Mortgage Type
Credit Line Revolving
Estimated Equity
$139,390
Purchase Details
Closed on
Oct 30, 2017
Sold by
G & L Property Venture Llc
Bought by
Pappas George
Purchase Details
Closed on
May 23, 2004
Sold by
Gcg Enterprises Inc
Bought by
G & L Property Venture Llc
Purchase Details
Closed on
Aug 28, 1997
Sold by
Rizzio George T and Rizzio Cynthia F
Bought by
Gcg Enterprises Inc
Purchase Details
Closed on
Sep 27, 1996
Sold by
State Bank Of Illinois
Bought by
Rizzio George T and Rizzio Cynthia F
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 |
|---|---|---|---|
| Velazquez Construction Trucking Company Inc | $200,000 | Chicago Title | |
| Pappas George | $200,000 | Prairie Title | |
| G & L Property Venture Llc | $90,000 | -- | |
| Gcg Enterprises Inc | -- | -- | |
| Rizzio George T | $40,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Velazquez Construction Trucking Company Inc | $120,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/03/2023 05/03/23 | Sold | $200,000 | -14.0% | -- |
| 02/13/2023 02/13/23 | For Sale | $232,500 | 0.0% | -- |
| 12/30/2022 12/30/22 | Pending | -- | -- | -- |
| 09/04/2022 09/04/22 | Pending | -- | -- | -- |
| 07/26/2022 07/26/22 | For Sale | $232,500 | 0.0% | -- |
| 06/11/2022 06/11/22 | Pending | -- | -- | -- |
| 05/22/2022 05/22/22 | For Sale | $232,500 | -- | -- |
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 | $2,984 | $33,782 | $32,702 | $1,080 |
| 2023 | $2,827 | $30,650 | $29,670 | $980 |
| 2022 | $2,750 | $29,240 | $28,260 | $980 |
| 2021 | $2,640 | $27,760 | $26,830 | $930 |
| 2020 | $2,585 | $26,930 | $26,030 | $900 |
| 2019 | $2,549 | $25,970 | $25,100 | $870 |
| 2018 | $2,414 | $24,080 | $24,080 | $0 |
| 2017 | $2,385 | $23,120 | $23,120 | $0 |
| 2016 | $2,386 | $22,080 | $22,080 | $0 |
| 2015 | $2,404 | $20,900 | $20,900 | $0 |
| 2014 | $2,423 | $20,900 | $20,900 | $0 |
| 2013 | $2,417 | $21,400 | $21,400 | $0 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11412115
APN: 01-29-402-002
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