NOT LISTED FOR SALE

1744 W 48th St Chicago, IL 60609

Back of the Yards Neighborhood

Estimated Value: $186,000 - $393,061

4 Beds
2 Baths
3,419 Sq Ft
$81/Sq Ft Est. Value

Last Sold November 26, 2014

Last sale price $22,000 $6 Per Sq Ft

Est. 1,161% increase in value since last sale

Current estimated payment $1,552/month

70 Days on Market

About This Home

As of November 2014

SOLID 2 UNIT BUILDING FOR SALE IN NEED OF REPAIR. SOLD AS-IS THIS HOME HAS A LOT OF POTENTIAL BUT NEEDS TO BE REHABBED. GOOD AREA, NOT BANK OWNED, NOT A SHORT SALE., VACANT AND EASY TO SHOW. SPECIAL WARRANTY DEED AT CLOSING, NO TAX PRORATIONS. SELLER WILL PAY ALL CURRENT TAX OWED BY NO CREDITS. NO INSPECTION CONTINGENCY, SOLD AS-IS YOU CAN INSPECT BEFORE MAKING AN OFFER.

Last Agent to Sell the Property

Timothy Gray

The Chicagoland RE Auction Co. License #471003700 Listed on: 07/28/2014

Last Buyer's Agent

Rita Sanabria

Kale Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1888

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25x125

Home Design

  • Frame Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1888

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1888
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • 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: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Parking: None

Utilities

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

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 2553.09
  • Tax Year: 2012

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2014
Closed on
Oct 17, 2014
Sold by
Wheeler Financial Inc
Bought by
Melendez Velazquez Rebeca
Seller's Agent
Timothy Gray
The Chicagoland RE Auction Co.
Buyer's Agent
Rita Sanabria
Kale Realty
List Price
$35,000
Sold Price
$22,000
Premium/Discount to List
-$13,000
-37.14%
Current Estimated Value
$277,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,515
Avg. Annual Appreciation
26.10%

Purchase Details

Closed on
Mar 27, 2014
Sold by
County Of Cook
Bought by
Wheeler Financial Inc

Purchase Details

Closed on
Jul 22, 2013
Sold by
Sajdak Antoinette
Bought by
Drabek Louis
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
Melendez Velazquez Rebeca $22,000 First American Title
Wheeler Financial Inc -- None Available
Drabek Louis -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/26/2014 11/26/14 Sold $22,000 +2.3% $6 / Sq Ft
10/06/2014 10/06/14 Pending -- -- --
09/29/2014 09/29/14 Price Changed $21,500 -4.4% $6 / Sq Ft
09/22/2014 09/22/14 Price Changed $22,500 -4.3% $7 / Sq Ft
09/15/2014 09/15/14 Price Changed $23,500 -4.1% $7 / Sq Ft
09/02/2014 09/02/14 Price Changed $24,500 -7.5% $7 / Sq Ft
08/25/2014 08/25/14 Price Changed $26,500 -10.2% $8 / Sq Ft
08/13/2014 08/13/14 Price Changed $29,500 -6.3% $9 / Sq Ft
08/07/2014 08/07/14 Price Changed $31,500 -10.0% $9 / Sq Ft
07/28/2014 07/28/14 For Sale $35,000 -- $10 / 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 $1,100 $17,000 $1,875 $15,125
2023 $1,051 $8,500 $2,500 $6,000
2022 $1,051 $8,500 $2,500 $6,000
2021 $1,040 $8,500 $2,500 $6,000
2020 $2,219 $12,999 $3,125 $9,874
2019 $2,293 $14,772 $3,125 $11,647
2018 $2,254 $14,772 $3,125 $11,647
2017 $2,460 $14,726 $2,812 $11,914
2016 $2,465 $14,726 $2,812 $11,914
2015 $2,718 $14,726 $2,812 $11,914
2014 $2,639 $14,113 $2,656 $11,457
2013 $2,587 $14,113 $2,656 $11,457
Source: Public Records

Agents Affiliated with this Home

  • Timothy Gray

    Seller's Agent in 2014

    Timothy Gray

    The Chicagoland RE Auction Co.

    (312) 953-1498

    2 in this area

    295 Total Sales

    Timothy Gray
    Section Image

  • R

    Buyer's Agent in 2014

    Rita Sanabria

    Kale Realty

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08685333

Midwest Real Estate Data (MRED)

APN: 20-07-204-039-0000

Illinois Cook County Chicago 60609 Back of the Yards

1744 W 48th St, Chicago, IL

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