NOT LISTED FOR SALE

1540 W Northwest Hwy Palatine, IL 60067

Baldwin Neighborhood
0.96 Acre
-- Price per Acre
41,818 Sq Ft Lot

Last Sold April 12, 2024

Last sale price $110,000

249 Days on Market

About This Lot

As of April 2024

Excellent location with nearly 1 acre of vacant land. This is a distressed sale subject to back taxes. Assessor market value is currently $576k. A great opportunity to acquire this parcel of land at below market price. End buyer should consider a tax appeal to reduce future taxes Zoned B-2 General Business

Last Agent to Sell the Property

Michael Galvan

Baird & Warner License #471021529 Listed on: 05/25/2023

Baird & Warner

Last Buyer's Agent

Exclusive Agency

NON MEMBER

Property Details

Property Type

  • Land

Lot Details

  • 0.96 Acre Lot
  • Lot Dimensions are 330 x 131
  • Property is zoned COMMR

Utilities

  • Electricity To Lot Line
  • Gas Available

Property Details

Property Type

Land

Lot Details

0

Listing Details

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

Interior Features

  • Basement Bathrooms: No

Exterior Features

  • Frontage Length: 330
  • Frontage Type: City Street
  • List Price: 369000
  • Waterfront: No

Utilities

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

Schools

  • Middle/Junior School District: 15

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.96
  • Lot Dimensions: 330 X 131
  • Zoning: COMMR
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Rental Price: 0

Building Info

  • Building(s) on Land: Yes

Tax Info

  • Tax Annual Amount: 46069.17
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2023
Closed on
Mar 22, 2024
Sold by
Yarbrough Karen A
Bought by
Palatine Park District
Seller's Agent
Michael Galvan
Baird & Warner
Buyer's Agent
Exclusive Agency
NON MEMBER
List Price
$275,000
Sold Price
$110,000
Premium/Discount to List
-$165,000
-60%
Views
146

Purchase Details

Closed on
Jan 28, 2020
Sold by
Pelfresne D and Trust Number 2113
Bought by
Emotin Cirila and Consolidated Properties Trust

Purchase Details

Closed on
Sep 22, 1996
Sold by
Pelfresne M
Bought by
Pelfresne D
Source: Public Records

Range of Values:

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ICE

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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
Palatine Park District -- None Listed On Document
Emotin Cirila -- Attorney
Pelfresne D -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2024 04/12/24 Sold $110,000 -70.2% --
01/30/2024 01/30/24 Pending -- -- --
06/05/2023 06/05/23 Price Changed $369,000 +34.2% --
05/25/2023 05/25/23 For Sale $275,000 -- --
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 $48,535 $163,944 $141,004 $22,940
2023 $46,954 $163,944 $141,004 $22,940
2022 $46,954 $163,944 $141,004 $22,940
2021 $46,768 $144,001 $141,003 $2,998
2020 $46,069 $144,001 $141,003 $2,998
2019 $47,000 $163,885 $141,003 $22,882
2018 $41,281 $132,835 $86,952 $45,883
2017 $40,500 $132,835 $86,952 $45,883
2016 $37,665 $132,835 $86,952 $45,883
2015 $30,561 $99,465 $79,902 $19,563
2014 $30,189 $99,465 $79,902 $19,563
2013 $29,418 $99,465 $79,902 $19,563
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11792354

Midwest Real Estate Data (MRED)

APN: 02-08-201-010-0000