NOT LISTED FOR SALE

1406 N 31st Ave Melrose Park, IL 60160

Estimated Value: $44,300

0.19 Acre
$233,158 Price per Acre
8,276 Sq Ft Lot

Last Sold August 22, 2023

Last sale price $37,000 $35 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $276/month

29 Days on Market

About This Lot

As of August 2023

Flat lot, zoned for a 2-flat with all utilities to site. Great investment opportunity. Nestled in the established community of Melrose Park. Walkable location to buses and METRA. A short drive to O'Hare Airport and Rosemont. Convenient to shopping, dining, entertainment, and expressways. Less than 15 miles to Downtown Chicago.

Last Agent to Sell the Property

Mike McCatty

Century 21 Circle License #471002650 Listed on: 05/30/2023

Century 21 Circle

Co-Listed By

Andrew McCatty

Century 21 Circle License #471020238

Last Buyer's Agent

Cristino Aguirre

Realty of America, LLC License #471021933

Realty of America, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,697

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 134x61
  • Property is zoned MULTI

Parking

  • Driveway

Schools

  • Grant Elementary School
  • Roosevelt Junior High School
  • Proviso West High School

Utilities

  • Electricity To Lot Line
  • Gas Available

Property Details

Property Type

Land

Est. Annual Taxes

$1,697

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Multi-Family
  • Road Surface Type: Asphalt
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access,Flood Zone
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family, Single Family
  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street
  • Waterfront: No
  • Rail Availability: None

Garage/Parking

  • Number of Cars: 0
  • Driveway: Asphalt

Utilities

  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Sewer-Storm Available, Water to Site

Schools

  • Elementary School: Grant Elementary School
  • High School: Proviso West High School
  • Middle/Junior School: Roosevelt Junior High School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.19
  • Lot Dimensions: 134X61
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Land Description: Floodplain,Level

Rental Info

  • Board Number: 10

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 1696.8
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2023
Closed on
Jul 19, 2023
Sold by
Gimeo Realty Llc
Bought by
Quijano Jesus Salgado
Seller's Agent
Mike McCatty
Century 21 Circle
Buyer's Agent
Cristino Aguirre
Realty of America, LLC
List Price
$49,900
Sold Price
$37,000
Premium/Discount to List
-$12,900
-25.85%
Views
44
Current Estimated Value
$44,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,300
Avg. Annual Appreciation
8.57%

Purchase Details

Closed on
Mar 31, 2010
Sold by
Gk Building Llc
Bought by
Gimco Realty Llc

Purchase Details

Closed on
Dec 3, 2008
Sold by
Bank Of New York
Bought by
G K Building Llc

Purchase Details

Closed on
Apr 7, 2008
Sold by
Cruz Francisco
Bought by
Bank Of New York and Cwabs Inc Asset Backed Certificates Seri

Purchase Details

Closed on
Aug 30, 1994
Sold by
Gavlick Albert A and Gavlick Penny F
Bought by
Cruz Francisco and Cruz Odette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,278
Interest Rate
8.59%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Quijano Jesus Salgado $37,000 None Listed On Document
Gimco Realty Llc -- None Available
G K Building Llc $73,500 None Available
Bank Of New York -- None Available
Cruz Francisco $102,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cruz Francisco $101,278
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2023 08/22/23 Sold $37,000 -25.9% $35 / Sq Ft
06/29/2023 06/29/23 Pending -- -- --
05/30/2023 05/30/23 For Sale $49,900 -- $47 / Sq Ft
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 $1,675 $5,231 $5,231 --
2023 $1,703 $5,231 $5,231 --
2022 $1,703 $4,604 $4,604 $0
2021 $1,697 $4,603 $4,603 $0
2020 $1,639 $4,603 $4,603 $0
2019 $1,582 $4,185 $4,185 $0
2018 $1,558 $4,185 $4,185 $0
2017 $1,498 $4,185 $4,185 $0
2016 $1,360 $3,766 $3,766 $0
2015 $1,317 $3,766 $3,766 $0
2014 $1,293 $3,766 $3,766 $0
2013 $4,312 $13,748 $3,766 $9,982
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11794261

Midwest Real Estate Data (MRED)

APN: 15-04-401-024-0000