NOT LISTED FOR SALE

1387 Prospect Ave Des Plaines, IL 60018

Estimated Value: $145,866 - $172,000

0.15 Acre
$1,059,553 Price per Acre
6,534 Sq Ft Lot

Last Sold April 21, 2023

Last sale price $124,000

Est. 28% increase in value since last sale

Current estimated payment $970/month

228 Days on Market

Highlights

  • Corner Lot
  • Maine West High 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
  • Actual Status: Closed
  • 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
  • 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

Lot Info

  • Lot Size Acres: 0.15
  • Lot Dimensions: 62.7X124.5
  • Zoning: COMMR
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • 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
$158,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,933
Avg. Annual Appreciation
9.41%

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
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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 List to Sale Price per Sq Ft Prior Sale
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% -- View Prior Sale
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

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 $1,723 $17,298 $17,298 --
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

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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