NOT LISTED FOR SALE

2540 Lincoln St Franklin Park, IL 60131

Estimated Value: $346,000 - $386,000

3 Beds
2 Baths
1,500 Sq Ft
$242/Sq Ft Est. Value

Last Sold September 05, 2023

Last sale price $320,000 $213 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,515/month

4 Days on Market

Highlights

  • Ranch Style House
  • Bonus Room
  • 1 Car Detached Garage
  • Wood Flooring
  • Stainless Steel Appliances
  • Living Room

About This Home

As of September 2023

Brick Ranch-Style Home with Potential in Franklin Park Welcome to this 3-bedroom, 2-bath home on a peaceful, dead-end street in Franklin Park. Enjoy proximity to shopping, restaurants, and only 15 minutes from Chicago's O'Hare Airport. This home sold as-is, is ready for your touch. Its original hardwood floors and bonus room in the basement offer ample opportunities for customization. The property features a finished basement with a cozy kitchenette and a newer roof (less than 5 years old). Outside, a 1-car garage offers additional storage or workspace. Please note, the buyer will assume all violations listed on the pre-sale inspection report. Despite needing some TLC, this home presents an excellent opportunity in a quiet neighborhood close to downtown Chicago. Come view the potential of this classic, ranch-style home for yourself.

Last Agent to Sell the Property

Trevon Peracca

ICandy Realty LLC License #471021637 Listed on: 07/15/2023

Last Buyer's Agent

Eva Diaz

ExaRealty LLC License #471021069

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,333

Year Built

  • Built in 1958

Lot Details

  • 4,487 Sq Ft Lot
  • Lot Dimensions are 40 x 112

Parking

  • 1 Car Detached Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,500 Sq Ft Home
  • Family Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Bonus Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,333

Year Built

Built in 1958

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1958
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Finished Sq Ft: 500
  • LivingArea: 1500
  • Room Type: Bonus Room
  • Estimated Total Finished Sq Ft: 1537
  • Assessed Sq Ft: 1037
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Kitchen/Dining Combo
  • Total Sq Ft: 1037
  • Basement Sq Ft: 500
  • Total Sq Ft: 1537
  • Upper Level Sq Ft: 1037
  • Flooring: Hardwood
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 299999
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Driveway
  • ParkingTotal: 4
  • Number of Cars: 5
  • Driveway: Concrete
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 212

Lot Info

  • Lot Size Acres: 0.103
  • Lot Dimensions: 40 X 112
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 5333.07
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2025
Sold by
Mendoza Victor Manuel and Cardenas Maria L
Bought by
Mendoza Victor Manuel
Current Estimated Value
$362,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Outstanding Balance
$322,535
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$40,079

Purchase Details

Closed on
Feb 17, 2005
Sold by
Martinez Victor H
Bought by
Martinez Martha G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,500
Interest Rate
8.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 31, 2000
Sold by
Ksiazek James T
Bought by
Kruszewski Agnieszka

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,700
Interest Rate
8.19%
Source: Public Records

Range of Values:

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Average Value
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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
Mendoza Victor Manuel -- Old Republic Title
Martinez Martha G -- Lakeshore Title Agency
Kruszewski Agnieszka $146,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mendoza Victor Manuel $324,000
Previous Owner Martinez Martha G $292,467
Previous Owner Martinez Martha G $269,107
Previous Owner Martinez Martha G $265,500
Previous Owner Kruszewski Agnieszka $146,000
Previous Owner Kruszewski Agnieszka $138,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2023 09/05/23 Sold $320,000 +6.7% $213 / Sq Ft
07/20/2023 07/20/23 Pending -- -- --
07/15/2023 07/15/23 For Sale $299,999 -- $200 / 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 $6,520 $23,768 $3,360 $20,408
2023 $6,800 $23,768 $3,360 $20,408
2022 $6,800 $25,000 $3,360 $21,640
2021 $5,333 $17,469 $2,688 $14,781
2020 $5,380 $17,469 $2,688 $14,781
2019 $5,621 $19,673 $2,688 $16,985
2018 $5,622 $17,874 $2,240 $15,634
2017 $5,615 $17,874 $2,240 $15,634
2016 $5,582 $17,874 $2,240 $15,634
2015 $5,221 $16,215 $2,016 $14,199
2014 $5,145 $16,215 $2,016 $14,199
2013 $5,101 $16,719 $2,016 $14,703
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11817953

Midwest Real Estate Data (MRED)

APN: 12-28-317-005-0000