NOT LISTED FOR SALE

2041 N 18th Ave Melrose Park, IL 60160

Estimated Value: $308,512

0.2 Acre
$1,542,560 Price per Acre
8,712 Sq Ft Lot

Last Sold June 09, 2016

Last sale price $10,000 $11 Per Sq Ft

Est. 2,985% increase in value since last sale

Current estimated payment $1,841/month

25 Days on Market

About This Lot

As of June 2016

Great investment opportunity on a 50ft wide 120 foot deep lot zoned for multi family. REO property, no survey provided, buyer responsible for any and all, inspections, code violations and deficiencies. Buyer to verify zoning with the village. Minimum $1,000 earnest money held by sellers attorney. Subject property must be listed for 5 days before any offer will be negotiated. Sold AS-IS, taxes 100%, Seller and listing office make no representations or warranties.

Last Agent to Sell the Property

Michael Dmyterko

Berkshire Hathaway HomeServices Chicago License #475124340 Listed on: 02/19/2016

Berkshire Hathaway HomeServices Chicago

Co-Listed By

Alice McMahon

@properties Christie's International Real Estate License #475068883

Last Buyer's Agent

Rene Aguirre

Northlake Realtors License #475127208

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,829

Lot Details

Property Details

Property Type

Land

Est. Annual Taxes

$1,829

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Residential-Multi-Family, Residential-Single Family
  • Potential Use: Residential-Multi-Family, Residential-Single Family
  • Utilities To Site: Electric Nearby, Gas Nearby
  • Zoning Type: MULTI
  • Special Features: 20
  • Property Sub Type: LotsLands

Interior Features

  • Road Surface: Asphalt

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Acreage: 0.2
  • Frontage Access: City Street, Public Road
  • Front Footage: 50

Schools

  • School District: 212
  • Junior High Dist: 84

Lot Info

  • Lot Dimensions: 50 X 120
  • Parcel Identification Number: 12343030360000

Tax Info

  • Taxes: 1566.97

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2016
Closed on
Jul 6, 2016
Sold by
Aguirre Sergio
Bought by
The Village Of Melrose Park
Seller's Agent
Michael Dmyterko
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Rene Aguirre
Northlake Realtors
List Price
$15,500
Sold Price
$10,000
Premium/Discount to List
-$5,500
-35.48%
Current Estimated Value
$308,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,512
Avg. Annual Appreciation
45.03%

Purchase Details

Closed on
Apr 8, 2016
Sold by
The Bank Of New York Mellon
Bought by
Aguirre Sergio

Purchase Details

Closed on
Feb 12, 2016
Sold by
Intercounty Judicial Sale Corporation
Bought by
The Bankof New York Mellon

Purchase Details

Closed on
Dec 14, 2005
Sold by
Payan Jose and Payan Minerva
Bought by
Jackson Sharon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,100
Interest Rate
7%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 23, 2003
Sold by
Lymperopoulos Peter
Bought by
Payan Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,296
Interest Rate
5.94%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 14, 2002
Sold by
The Estate Of Ruby B Lee
Bought by
Lymperopoulos Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
8.75%
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
The Village Of Melrose Park $14,000 Attorney
Aguirre Sergio $10,000 Chicago Title
The Bankof New York Mellon -- None Available
Jackson Sharon L $245,000 Cti
Payan Jose $175,000 Multiple
Lymperopoulos Peter $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jackson Sharon L $170,100
Previous Owner Jackson Sharon L $72,900
Previous Owner Payan Jose $172,296
Previous Owner Lymperopoulos Peter $130,500
Previous Owner Lymperopoulos Peter $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2016 06/09/16 Sold $10,000 -35.5% $11 / Sq Ft
03/15/2016 03/15/16 Pending -- -- --
02/19/2016 02/19/16 For Sale $15,500 -- $17 / 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 $1,829 -- -- --
2023 $1,829 -- -- --
2022 $1,829 -- -- --
2021 $1,829 $0 $0 $0
2020 $1,829 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $1,829 $4,950 $4,950 $0
2016 $1,717 $4,950 $4,950 $0
2015 $1,602 $4,500 $4,500 $0
2014 $1,567 $4,500 $4,500 $0
2013 $1,480 $4,500 $4,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09144405

Midwest Real Estate Data (MRED)

APN: 12-34-303-036-0000