NOT LISTED FOR SALE

Estimated Value: $166,765 - $225,000

0.19 Acre
$1,030,963 Price per Acre
8,276 Sq Ft Lot

Last Sold September 11, 2023

Last sale price $158,000

Est. 8% increase in value since last sale

Current estimated payment $1,062/month

185 Days on Market

About This Lot

As of September 2023

Incredible opportunity to develop on this 70 X 125 ft corner lot. Zoned RM-5 with options to build SFH or multi-family. 8,680 square feet of possibility. Located between Woodlawn and Jackson Park Highlands with close distance to the lake, Woodlawn Metra, Jackson Park and University of Chicago. 1.3 miles to the lake front trail. Also steps to the Obama Presidential Library Site.Any developers who choose to build in Woodlawn will be tapping into a growing market. The neighborhood is experiencing expanding housing demand which is driving the construction of new housing and recently planned commercial developments.

Last Agent to Sell the Property

Lawrence Dunning

Fulton Grace Realty License #475164126 Listed on: 01/26/2023

Fulton Grace Realty

Last Buyer's Agent

Thomas Klahn

Quest Realty Group LLC License #475142679

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,144

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 70x125
  • Corner Lot
  • Property is zoned MULTI

Utilities

  • Gas Available at Street

Community Details

Amenities

  • No Laundry Facilities

Recreation

  • Electricity Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$2,144

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Multi-Family
  • Road Surface Type: Asphalt
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Actual Status: Closed
  • ResoPropertyType: Land
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family
  • Basement Description: None
  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0

Utilities

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

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.19
  • Lot Dimensions: 70X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 2144.14
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2023
Closed on
Sep 1, 2023
Sold by
Willoughby Development Corporation
Bought by
Jv Oz Llc
Seller's Agent
Lawrence Dunning
Fulton Grace Realty
Buyer's Agent
Thomas Klahn
Quest Realty Group LLC
List Price
$190,000
Sold Price
$158,000
Premium/Discount to List
-$32,000
-16.84%
Views
17
Current Estimated Value
$170,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,225
Avg. Annual Appreciation
9.89%

Purchase Details

Closed on
Mar 1, 2005
Sold by
Willoughby Thomas and Willoughby Julie
Bought by
Willoughby Development Corp

Purchase Details

Closed on
Aug 4, 2004
Sold by
Suburban Bank & Trust Co
Bought by
Willoughby Thomas and Willoughby Julie

Purchase Details

Closed on
Jul 11, 2002
Sold by
Willis Gigi
Bought by
Suburban Bank & Trust Company and Trust #8-1001
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jv Oz Llc $158,000 Chicago Title Company
Willoughby Development Corp -- --
Willoughby Thomas $75,000 Cti
Suburban Bank & Trust Company -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2023 09/11/23 Sold $158,000 -1.3% --
07/31/2023 07/31/23 Pending -- -- --
07/27/2023 07/27/23 Price Changed $160,000 -8.6% --
07/25/2023 07/25/23 Price Changed $175,000 +2.9% --
07/21/2023 07/21/23 Price Changed $170,000 -2.8% --
06/28/2023 06/28/23 Price Changed $174,900 -0.1% --
05/23/2023 05/23/23 Price Changed $175,000 -2.2% --
05/02/2023 05/02/23 Price Changed $179,000 -5.8% --
01/26/2023 01/26/23 For Sale $190,000 -- --
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 $2,038 $10,938 $10,938 --
2023 $1,980 $9,625 $9,625 --
2022 $1,980 $9,625 $9,625 $0
2021 $1,936 $9,625 $9,625 $0
2020 $2,144 $9,625 $9,625 $0
2019 $1,934 $9,625 $9,625 $0
2018 $1,901 $9,625 $9,625 $0
2017 $1,884 $8,750 $8,750 $0
2016 $1,753 $8,750 $8,750 $0
2015 $1,603 $8,750 $8,750 $0
2014 $1,299 $7,000 $7,000 $0
2013 $1,273 $7,000 $7,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11707810

Midwest Real Estate Data (MRED)

APN: 20-23-404-001-0000