NOT LISTED FOR SALE

1539 S 61st Ave Cicero, IL 60804

Estimated Value: $345,000 - $413,000

4 Beds
2 Baths
-- Sq Ft
3,528 Sq Ft Lot

Last Sold December 22, 2016

Last sale price $113,000

Est. 240% increase in value since last sale

Current estimated payment $2,768/month

202 Days on Market

About This Home

As of December 2016

Amazing investment opportunity in Cicero! Brick, 2 flat with spacious units and a 3 car garage. Additional living space in the attic. Finished basement. SOLD AS-IS. SUBMIT EARNEST MONEY AS CERTIFIED FUNDS. PROVIDE PROOF OF FUNDS OR PRE-APPROVAL. INFORMATION NOT GUARANTEED. TAX PRORATION 100%.AS-IS. FIRST LOOK INITIATIVE FOR OWNER OCCUPANTS ONLY THROUGH 06/12/2016.

Last Agent to Sell the Property

Kirby Pearson

Pearson Realty Group License #471002409 Listed on: 05/12/2016

Pearson Realty Group

Co-Listed By

Parker Pearson

Pearson Realty Group License #475143969

Last Buyer's Agent

Jorge Luna

REMAX Legends License #475101633

REMAX Legends

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 3,528

Parking

  • 3 Car Attached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 30 x 125

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1923
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • List Price: 134000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 99

Lot Info

  • Lot Dimensions: 30 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 6240.58
  • Tax Year: 2014
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2024
Sold by
Mendez Jorge Antonio Sanchez
Bought by
Arce Jorge Gabriel Sanc
Current Estimated Value
$383,674

Purchase Details

Closed on
Jun 15, 2017
Sold by
Plaza Developer Inc
Bought by
Mendez Jorge A Sanchez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,019
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
May 12, 2016
Closed on
Dec 5, 2016
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Plaza Developer Inc
Seller's Agent
Kirby Pearson
Pearson Realty Group
Buyer's Agent
Jorge Luna
REMAX Legends
List Price
$194,900
Sold Price
$113,000
Premium/Discount to List
-$81,900
-42.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.65%

Purchase Details

Closed on
Sep 16, 2014
Sold by
Gomez Miguel
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Aug 18, 2012
Sold by
Gomez Miguel and Gomez Gloria
Bought by
Gomez Miguel
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
Arce Jorge Gabriel Sanc -- None Listed On Document
Mendez Jorge A Sanchez $275,000 Greater Illinois Title
Plaza Developer Inc $113,000 Attorneys Title Guaranty Fun
Federal Home Loan Mortgage Corporation -- Attorney
Gomez Miguel -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mendez Jorge A Sanchez $270,019
Previous Owner Gomez Miguel $213,000
Previous Owner Gomez Miguel $203,000
Previous Owner Gomez Miguel $133,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2016 12/22/16 Sold $113,000 -15.7% --
11/30/2016 11/30/16 Pending -- -- --
09/27/2016 09/27/16 Price Changed $134,000 -13.5% --
08/18/2016 08/18/16 Price Changed $154,900 -6.1% --
07/20/2016 07/20/16 Price Changed $164,900 -8.3% --
06/17/2016 06/17/16 Price Changed $179,900 -7.7% --
05/12/2016 05/12/16 For Sale $194,900 -- --
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 $8,130 $30,000 $3,793 $26,207
2023 $7,361 $30,000 $3,793 $26,207
2022 $7,361 $23,697 $3,263 $20,434
2021 $7,354 $23,696 $3,263 $20,433
2020 $7,601 $23,696 $3,263 $20,433
2019 $5,914 $18,294 $2,998 $15,296
2018 $8,697 $18,294 $2,998 $15,296
2017 $7,754 $23,021 $2,998 $20,023
2016 $5,620 $14,208 $2,469 $11,739
2015 $5,493 $14,208 $2,469 $11,739
2014 $6,241 $16,224 $2,469 $13,755
2013 $6,900 $19,329 $2,469 $16,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09225563

Midwest Real Estate Data (MRED)

APN: 16-20-129-020-0000