Seller's Agent in 2016
Edward Bluemel
Atlas Asset Management Realty LLC
(630) 709-3581
1 in this area
16 Total Sales
2504 N Willetts Ct Chicago, IL 60647
Logan Square NeighborhoodEstimated Value: $1,575,000
48
Beds
42
Baths
--
Sq Ft
0.41
Acres
About This Home
As of December 2016This condo-quality, newer construction building is located in the heart of Chicago's vibrant Logan Square Neighborhood, a short walk to both CTA Blue Line stations at Logan Boulevard and Kedzie Avenue. The buildings all feature atypically large floor plans, and luxurious finishes and fixtures throughout, with each unit boasting a spacious terrace, balcony, or rooftop deck. The property is situated along the Milwaukee Avenue retail corridor steps from the proposed Logan Crossing Development, which would include 240 Residential units and approximately 115,000 SF of retail space. Logan Station presents the opportunity to acquire an asset with the convenience of a Transportation Oriented Development (TOD), with larger units, and abundant off-street parking. **FULL OFFERING MEMO AVAILABLE UPON REQUEST**
Last Agent to Sell the Property
Atlas Asset Management Realty LLC License #475159969 Listed on: 09/21/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $25,435
Year Built
- 2007
Lot Details
- 0.41
Utilities
- Central Air
Community Details
- Insurance Expense $15,313
Listing and Financial Details
- Tenant pays for air conditioning, electric, heat
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 21, 2016
Closed on
Dec 12, 2016
Sold by
North Willets Holding Company Llc
Bought by
Chicago Title Land Trust Co and Trust Number 8002372895
Seller's Agent
Edward Bluemel
Atlas Asset Management Realty LLC
Buyer's Agent
Linda Levin
Jameson Sotheby's Intl Realty
List Price
$9,750,000
Sold Price
$9,663,000
Premium/Discount to List
-$87,000
-0.89%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,088,000
Avg. Annual Appreciation
-18.90%
Original Mortgage
$6,060,000
Interest Rate
3.54%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Dec 9, 2013
Sold by
Willets Milwaukee Logan Sb1 Llc
Bought by
North Willets Holding Company Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,825,000
Interest Rate
4.38%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 13, 2012
Sold by
2504 10 14 Llc
Bought by
Willets Milwaukee Logan Sbi Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chicago Title Land Trust Co | $9,663,000 | Attorney | |
| North Willets Holding Company Llc | $6,500,000 | Cti | |
| Willets Milwaukee Logan Sbi Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chicago Title Land Trust Co | $6,239,000 | |
| Closed | Chicago Title Land Trust Co | $6,060,000 | |
| Previous Owner | North Willets Holding Company Llc | $9,825,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/12/2016 12/12/16 | Sold | $9,663,000 | -0.9% | -- |
| 10/28/2016 10/28/16 | Pending | -- | -- | -- |
| 09/21/2016 09/21/16 | For Sale | $9,750,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $25,435 | $98,300 | $36,295 | $62,005 |
| 2023 | $24,791 | $120,120 | $8,342 | $111,778 |
| 2022 | $24,791 | $120,120 | $8,342 | $111,778 |
| 2021 | $23,498 | $116,472 | $8,341 | $108,131 |
| 2020 | $14,339 | $64,136 | $8,341 | $55,795 |
| 2019 | $12,933 | $64,136 | $8,341 | $55,795 |
| 2018 | $12,669 | $64,136 | $8,341 | $55,795 |
| 2017 | $8,820 | $40,971 | $8,341 | $32,630 |
| 2016 | $8,206 | $40,971 | $8,341 | $32,630 |
| 2015 | $7,508 | $40,971 | $8,341 | $32,630 |
| 2014 | $8,574 | $46,214 | $9,220 | $36,994 |
| 2013 | $8,405 | $46,214 | $9,220 | $36,994 |
Source: Public Records
Agents Affiliated with this Home
-
Edward Bluemel
-
Linda Levin
Buyer's Agent in 2016
Linda Levin
Jameson Sotheby's Intl Realty
(312) 320-6741
2 in this area
253 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD09348001
APN: 13-25-315-070-0000
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