NOT LISTED FOR SALE

206 Chicago Ave Oak Park, IL 60302

0.34 Acre
-- Price per Acre
14,985 Sq Ft Lot

Last Sold January 12, 2018

Last sale price $625,000

139 Days on Market

Highlights

  • The property is located in a historic district
  • Whittier Elementary School Rated A
  • Central Air

About This Lot

As of January 2018

Currently improved with multi-tenant one story masonry building with all leases expiring in 2017. Ideal development opportunity for apartments, mixed use or planned development. Zoned B1/B2. This zoning allows multi-family and in that case, R-7 zoning applies 5,000 square feet for first 2 units, then 700 sqft of land for each additional unit. Village zoning Ordinance on line.

Last Agent to Sell the Property

Al Rossell

Jack Carpenter Orgn. License #471004242 Listed on: 10/06/2016

Last Buyer's Agent

Eva Pusateri

RE/MAX Premier License #475160688

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $33,309

Lot Details

Home Design

  • Slab Foundation

Additional Features

  • The property is located in a historic district
  • Central Air

Property Details

Property Type

Land

Est. Annual Taxes

$33,309

Lot Details

0

Listing Details

  • Property Type: Land
  • General Information: Historical District
  • Ownership: Fee Simple
  • Current Use: Commercial
  • Potential Use: Commercial, Condominium, Planned Unit Development, Residential-Multi-Family, Retail
  • Utilities To Site: Electric to Site, Gas to Site, Sanitary Sewer to Site, Sewer-Storm Available, Water-Municipal, Water to Site
  • Zoning Type: PUD
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement: Slab
  • Road Surface: Concrete

Exterior Features

  • Lot Size: .25-.49 Acre
  • Frontage Access: City Street
  • Front Footage: 100

Utilities

  • Air Conditioner: Central Air

Schools

  • Junior High Dist: 97

Lot Info

  • Lot Dimensions: 100'
  • Estimated Land Sq Ft: 15000
  • Parcel Identification Number: 16053230240000

Building Info

  • Buildings On Land: Yes

Tax Info

  • Taxes: 29984

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2016
Sold by
Village Of Oak Park
Bought by
Rica Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
4.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2007
Sold by
Mader Jerome J and Rudis Lawrence W
Bought by
210 Chicago Llc

Purchase Details

Closed on
Nov 5, 2007
Sold by
Hupp W Andrew
Bought by
Mader Jerry and Rudis Lawrence W

Purchase Details

Closed on
Sep 14, 2007
Sold by
210 Chicago Partnership
Bought by
210 Chicago Llc

Purchase Details

Closed on
Nov 10, 1998
Sold by
Mader Jerry
Bought by
Mader Jerry and Rudis Lawrence W
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
Rica Properties Llc -- Prairie Title
210 Chicago Llc -- None Available
Mader Jerry $285,500 None Available
210 Chicago Llc -- None Available
Mader Jerry -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Rica Properties Llc $390,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2018 01/12/18 Sold $625,000 0.0% --
10/31/2017 10/31/17 Off Market $625,000 -- --
02/22/2017 02/22/17 Pending -- -- --
10/06/2016 10/06/16 For Sale $750,000 -- --
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 $33,309 -- -- --
2023 $33,309 -- -- --
2022 $33,309 -- -- --
2021 $33,309 $0 $0 $0
2020 $33,309 $0 $0 $0
2019 $135,385 $352,880 $21,750 $331,130
2018 $33,309 $90,200 $54,375 $35,825
2017 $32,579 $90,200 $54,375 $35,825
2016 $32,350 $80,375 $47,812 $32,563
2015 $28,985 $80,375 $47,812 $32,563
2014 $26,934 $80,375 $47,812 $32,563
2013 $22,835 $70,165 $47,812 $22,353
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09360626

Midwest Real Estate Data (MRED)

APN: 16-05-323-024-0000