NOT LISTED FOR SALE

2314 S Central Ave Unit 16 Cicero, IL 60804

Estimated Value: $301,000 - $355,000

4 Beds
2 Baths
-- Sq Ft
3,049 Sq Ft Lot

Last Sold October 31, 2016

Last sale price $140,000

Est. 136% increase in value since last sale

Current estimated payment $2,396/month

3 Days on Market

About This Home

As of October 2016

under construction for total rehab.

Last Agent to Sell the Property

Jose Flores

Leverage Investments, LLC License #475163439 Listed on: 09/09/2016

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,554

Year Built

  • Built in 1913

Lot Details

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

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • English Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,554

Year Built

Built in 1913

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1913
  • 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, English
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • List Price: 168000
  • Waterfront: No
  • Exterior Building Type: Brick,Frame

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Schools

  • Middle/Junior School District: 99

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 5554.19
  • Tax Year: 2014

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

Closed on
Nov 30, 2020
Sold by
Springview Ii Mb Llc
Bought by
Springview Sfr Owner Llc
Current Estimated Value
$329,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,238,000
Interest Rate
2.71%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 9, 2016
Closed on
Oct 28, 2016
Sold by
Mac Industries Ii Llc
Bought by
Springview Ii Mb Llc
Seller's Agent
Jose Flores
Leverage Investments, LLC
Buyer's Agent
Non Member
NON MEMBER
List Price
$168,000
Sold Price
$140,000
Premium/Discount to List
-$28,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.55%
Original Mortgage
$1,801,875
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 22, 2014
Sold by
Mack Industries Ltd
Bought by
Chicago Title Land Trust Company and Trust #8002361677

Purchase Details

Closed on
Apr 9, 2013
Sold by
Chicago Title Land Trust Co
Bought by
Mack Industries Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$529,050
Interest Rate
3.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 23, 2012
Sold by
Mack Inv I Llc
Bought by
Mack Ind Ltd

Purchase Details

Closed on
May 18, 2012
Sold by
2300 16 S Central Llc
Bought by
Mack Investments I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
3.92%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 28, 2012
Sold by
Federal Deposit Insurance Corporation
Bought by
2300-16 S Central Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
3.92%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 1, 2011
Sold by
Integra Bank Na
Bought by
Mack Investments Llc and 2300-16 S Central Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,154,250
Interest Rate
4.56%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 27, 2009
Sold by
La Estaction Central Llc
Bought by
Integra Bank National Association

Purchase Details

Closed on
Apr 26, 2007
Sold by
Alvarez Mario and Alvarez Patricia
Bought by
La Estacion Central Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,400,000
Interest Rate
6.2%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 8, 1997
Sold by
Cornejo Miguel
Bought by
Alvarez Mario and Alvarez Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
7.12%
Mortgage Type
Commercial
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
Springview Sfr Owner Llc -- Fidelity National Title
Springview Ii Mb Llc $140,000 Mgr Title Services
Chicago Title Land Trust Company -- Chicago Title Land Trust Co
Mack Industries Ii Llc -- Chicago Title Land Trust Co
Mack Ind Ltd -- --
Mack Ind Ltd -- --
Mack Ind Ltd -- --
Mack Investments I Llc -- None Available
2300-16 S Central Llc $1,215,000 None Available
Mack Investments Llc $1,215,000 None Available
Integra Bank National Association -- None Available
La Estacion Central Llc $375,000 Ticor Title Ins Co 1998
Alvarez Mario -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Springview Sfr Owner Llc $26,238,000
Previous Owner Springview Ii Mb Llc $1,801,875
Previous Owner Mack Industries Ii Llc $529,050
Previous Owner Mack Investments I Llc $89,500
Previous Owner 2300-16 S Central Llc $1,300,000
Previous Owner Mack Investments Llc $1,154,250
Previous Owner La Estacion Central Llc $8,400,000
Previous Owner Alvarez Mario $62,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2016 10/31/16 Sold $140,000 -16.7% --
09/12/2016 09/12/16 Pending -- -- --
09/09/2016 09/09/16 For Sale $168,000 -- --
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 $7,781 $23,000 $3,494 $19,506
2023 $7,919 $23,000 $3,494 $19,506
2022 $7,919 $18,133 $3,006 $15,127
2021 $7,827 $18,132 $3,006 $15,126
2020 $7,610 $18,132 $3,006 $15,126
2019 $6,429 $13,177 $2,762 $10,415
2018 $6,264 $13,177 $2,762 $10,415
2017 $6,030 $13,177 $2,762 $10,415
2016 $5,621 $11,713 $2,275 $9,438
2015 $5,554 $11,713 $2,275 $9,438
2014 $4,598 $10,061 $2,275 $7,786
2013 $4,904 $11,867 $2,275 $9,592
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09338396

Midwest Real Estate Data (MRED)

APN: 16-29-213-036-0000