NOT LISTED FOR SALE

2551 W 50th St Chicago, IL 60632

Gage Park Neighborhood

Estimated Value: $202,000 - $300,000

5 Beds
2 Baths
784 Sq Ft
$314/Sq Ft Est. Value

Last Sold June 20, 2014

Last sale price $65,000 $83 Per Sq Ft

Est. 279% increase in value since last sale

Current estimated payment $1,458/month

14 Days on Market

About This Home

As of June 2014

SHOERT SALE 2 UNIT BUILDING WITH FINISHED ATTIC AND A 2 CAR GARAGE WITH NEWER DOOR.

Last Agent to Sell the Property

Sonia Anaya

America Real Estate License #471003658 Listed on: 04/04/2013

Last Buyer's Agent

Catalina Montoya

Realmart Realty Inc License #471001477

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $1,418

Year Built

  • 1901

Lot Details

  • 2,614

Parking

  • Detached Garage

Home Design

  • Frame Construction

Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Radiator
  • Lake Michigan Water

Property Details

Home Type

Other

Est. Annual Taxes

$1,418

Year Built

1901

Lot Details

0

Parking

2

Listing Details

  • Property Type: Two to Four Units
  • Type-Multi: 2 Flat
  • Built Before 1978 (Y/N): Yes
  • Special Features: 12
  • Year Built: 1901

Interior Features

  • Number Of Rooms: 11
  • Basement: Full
  • Basement: Finished
  • Bedrooms All Levels: 5

Exterior Features

  • Lot Size: Standard Chicago Lot
  • Exterior Building Type: Frame

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2

Utilities

  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Radiators

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 25X125

Multi Family

  • Total Number Unitsin Building: 2
  • Three Bedroom Number of Units: Yes
  • Full Baths In Building: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2013
Closed on
Jun 20, 2014
Sold by
Ortega Hector M and Ortega Maria
Bought by
Trejo Raul
Seller's Agent
Sonia Anaya
America Real Estate
Buyer's Agent
Catalina Montoya
Realmart Realty Inc
List Price
$69,900
Sold Price
$65,000
Premium/Discount to List
-$4,900
-7.01%
Current Estimated Value
$246,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,472
Avg. Annual Appreciation
11.19%
Original Mortgage
$52,000
Outstanding Balance
$40,666
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$172,509

Purchase Details

Closed on
Feb 2, 2008
Sold by
Ortega Hector M and Ortega Maria
Bought by
Ortega Hector M and Ortega Maria

Purchase Details

Closed on
Jun 22, 2006
Sold by
Ramirez Cipriano and Ramirez Guadalupe
Bought by
Ortega Hector M and Ortega Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Interest Rate
8.59%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Trejo Raul $65,000 Stewart Title
Ortega Hector M -- None Available
Ortega Hector M $270,000 Git
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trejo Raul $52,000
Previous Owner Ortega Hector M $256,500
Previous Owner Ramirez Cipriano $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2014 06/20/14 Sold $65,000 -7.0% $83 / Sq Ft
04/18/2013 04/18/13 Pending -- -- --
04/04/2013 04/04/13 For Sale $69,900 -- $89 / 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 $1,418 $15,000 $1,500 $13,500
2023 $1,361 $10,000 $2,550 $7,450
2022 $1,361 $10,000 $2,550 $7,450
2021 $1,341 $10,000 $2,550 $7,450
2020 $1,375 $9,236 $2,550 $6,686
2019 $1,405 $10,378 $2,550 $7,828
2018 $1,380 $10,378 $2,550 $7,828
2017 $1,416 $9,909 $2,250 $7,659
2016 $1,494 $9,909 $2,250 $7,659
2015 $1,345 $9,909 $2,250 $7,659
2014 $1,313 $9,591 $2,100 $7,491
2013 $1,276 $9,591 $2,100 $7,491
Source: Public Records

Agents Affiliated with this Home

  • Sonia Anaya

    Seller's Agent in 2014

    Sonia Anaya

    America Real Estate

    (773) 735-4400

    10 in this area

    203 Total Sales

    Sonia Anaya
    Section Image

  • C

    Buyer's Agent in 2014

    Catalina Montoya

    Realmart Realty Inc

    (774) 406-7965

    2 in this area

    69 Total Sales

    Catalina Montoya
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08308080

Midwest Real Estate Data (MRED)

APN: 19-12-221-004-0000

Illinois Cook County Chicago 60632 Gage Park

2551 W 50th St, Chicago, IL

This home is located at 2551 W 50th St, Chicago, IL 60632 since 04 April 2013 and is currently estimated at $246,472, approximately $314 per square foot. This property was built in 1901. 2551 W 50th St is a home located in Cook County with nearby schools including Nightingale Elementary School, Kelly High School, and Acero - Rufino Tamayo Elementary School.

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