NOT LISTED FOR SALE

1387 Prospect Ave Des Plaines, IL 60018

Estimated Value: $142,000 - $146,080

0.15 Acre
$960,267 Price per Acre
6,534 Sq Ft Lot

Last Sold April 21, 2023

Last sale price $124,000

Est. 16% increase in value since last sale

Current estimated payment $907/month

228 Days on Market

Highlights

  • Corner Lot
  • Algonquin Middle School Rated A-
  • 1-minute walk to Apache Park

About This Lot

As of April 2023

THE PARCEL IS NOW APPROVED FOR COMMERCIAL DEVELOPMENT OF C-3 BY THE VILLAGE. ALLOWED USES INCLUDE, RETAIL, OFFICE, COMMERCIAL PARKING LOT, WHOLESALE GOODS, CARWASH, FOOD, AND MORE...SELLER HAS SOIL BORINGS, PHASE ONE STUDY, AND SITE PLAN SKETCH FOR A BUILDING ON THE SITE. THE LOT SIZE IS 63.7 X 124.5 OR .176 ACRES OF LAND. THE PROPERTY HAS THE POTENTIAL TO BE REZONED BACK TO RESIDENTIAL IF DESIRED.

Last Agent to Sell the Property

Michael Bischoff

Baird & Warner License #475124661 Listed on: 07/08/2022

Baird & Warner

Last Buyer's Agent

Ilie Haures

Worth Clark Realty License #475183694

Worth Clark Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,975

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 62.7x124.5
  • Corner Lot
  • Property is zoned COMMR

Home Design

  • Mixed Use

Schools

  • Plainfield Elementary School
  • Iroquois Community Middle School
  • Maine West High School

Utilities

  • Gas Available at Street

Community Details

Amenities

  • No Laundry Facilities

Recreation

  • Electricity Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$1,975

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Agricultural, Commercial
  • Road Surface Type: Concrete
  • General Information: None
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Commercial, Office and Research
  • Basement Description: None
  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street, Public Road
  • List Price: 142000
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0

Utilities

  • Laundry Features: None
  • Utilities: Electric Nearby, Gas Nearby, Sanitary Sewer, Water-Municipal

Schools

  • Elementary School: Plainfield Elementary School
  • High School: Maine West High School
  • Middle/Junior School: Iroquois Community School
  • Middle/Junior School District: 62

Lot Info

  • Lot Size Acres: 0.15
  • Lot Dimensions: 62.7X124.5
  • Zoning: COMMR
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Estimated Land Sq Ft: 7688
  • Land Description: Level

Rental Info

  • Board Number: 2

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 1974.56
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2022
Closed on
Mar 8, 2023
Sold by
Amm Holdings 1 Llc
Bought by
1387 Prospect Ave Llc
Seller's Agent
Michael Bischoff
Baird & Warner
Buyer's Agent
Ilie Haures
Worth Clark Realty
List Price
$142,000
Sold Price
$124,000
Premium/Discount to List
-$18,000
-12.68%
Views
100
Current Estimated Value
$144,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,040
Avg. Annual Appreciation
8.01%

Purchase Details

Listed on
Dec 11, 2020
Closed on
Aug 16, 2021
Sold by
Malapanes Thomas and Will Of Hercules Malapanes
Bought by
Amm Holdings 1 Llc
Seller's Agent
Maria DelBoccio
@properties Christie's International Real Estate
Buyer's Agent
Michael Bischoff
Baird & Warner
List Price
$79,999
Sold Price
$57,000
Premium/Discount to List
-$22,999
-28.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.71%
Source: Public Records

Range of Values:

Collateral Analytics

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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
1387 Prospect Ave Llc $124,000 None Listed On Document
Amm Holdings 1 Llc $57,000 Chicago Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2023 04/21/23 Sold $124,000 -12.7% --
02/22/2023 02/22/23 Pending -- -- --
07/08/2022 07/08/22 For Sale $142,000 +149.1% --
08/23/2021 08/23/21 Sold $57,000 -28.7% --
07/09/2021 07/09/21 Pending -- -- --
02/28/2021 02/28/21 For Sale $79,999 0.0% --
02/24/2021 02/24/21 Pending -- -- --
12/11/2020 12/11/20 For Sale $79,999 -- --
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 $1,723 $6,535 $6,535 --
2023 $1,681 $6,535 $6,535 --
2022 $1,681 $6,535 $6,535 $0
2021 $2,009 $6,534 $6,534 $0
2020 $1,975 $6,534 $6,534 $0
2019 $1,758 $6,534 $6,534 $0
2018 $1,724 $5,766 $5,766 $0
2017 $1,694 $5,766 $5,766 $0
2016 $1,602 $5,766 $5,766 $0
2015 $1,511 $4,997 $4,997 $0
2014 $1,479 $4,997 $4,997 $0
2013 $1,442 $4,997 $4,997 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Bischoff

    Seller's Agent in 2023

    Michael Bischoff

    Baird Warner

    (847) 312-6794

    2 in this area

    14 Total Sales

    Michael Bischoff
    Section Image
  • Ilie Haures

    Buyer's Agent in 2023

    Ilie Haures

    Worth Clark Realty

    (773) 505-0081

    3 in this area

    31 Total Sales

    Ilie Haures
    Section Image
  • Maria DelBoccio

    Seller's Agent in 2021

    Maria DelBoccio

    @ Properties

    (773) 859-2183

    19 in this area

    989 Total Sales

    Maria DelBoccio
    Section Image
  • Sarah Malapanes

    Seller Co-Listing Agent in 2021

    Sarah Malapanes

    @ Properties

    (224) 595-0202

    4 in this area

    13 Total Sales

    Sarah Malapanes
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11458514

Midwest Real Estate Data (MRED)

APN: 09-29-228-034-0000

Illinois Cook County Des Plaines 60018

1387 Prospect Ave, Des Plaines, IL

This home is located at 1387 Prospect Ave, Des Plaines, IL 60018 since 08 July 2022 and is currently estimated at $144,040. 1387 Prospect Ave is a home located in Cook County with nearby schools including Plainfield Elementary School, Algonquin Middle School, and Maine West High School.

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