NOT LISTED FOR SALE
0.72 Acre
-- Price per Acre
31,363 Sq Ft Lot

Sale Details

Date Sold: November 7, 2024

Last sale price $1,400,000 $230 Per Sq Ft

392 Days on Market

About This Lot

As of November 2024

Developer's dream! TOD qualified - 4 contiguous lots available for development in prime Lincoln Square location! 12,500 sq ft with B1-2 zoning! 6 min walk to Rockwell Brown line, 10 minute walk to Western brown line and downtown Lincoln Square, 10 min bus ride to Ravenswood Metra stop, 5 min walk to North Branch River trail with biking/jogging for miles and parks, trees and playgrounds abound! Ability to build 12 units with current zoning or up-zone for ability to build 31 units or more depending on percentage of affordable units! Lots of precedence for up-zoning in the area. Alderman has had plenty of experience with developers! Taxes just got reduced by $5,000 / year via a successful appeal and locked in for 10 years! 2020 total taxes were $40,699.46 and newly appealed taxes are apprx $35,000. PIN numbers 13-13-200-012, 13-13-200-013 (double lot) & 13-13-200-014. Current use is a single story mini mall with two restaurants that is 50% occupied. Building expenses are only taxes and insurance. Tenants pay all building utilities including water.

Last Agent to Sell the Property

Nicole Hurt

@properties Christie's International Real Estate License #475164464 Listed on: 11/15/2022

@properties Christie's International Real Estate

Co-Listed By

Matt Scales

@properties Commercial License #475164713

Last Buyer's Agent

Leonor Diaz

RE/MAX Premier License #475147377

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $30,273

Lot Details

  • Lot Dimensions are 100x125
  • Additional Parcels

Utilities

  • Heating System Uses Natural Gas
  • Electricity To Lot Line
  • Gas Available

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Tenant pays for air conditioning, common area maintenance, electricity, heat, janitorial service, scavenger, sewer

Property Details

Property Type

Land

Est. Annual Taxes

$30,273

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Commercial
  • Road Surface Type: Asphalt
  • General Information: None
  • Actual Status: Closed
  • ResoPropertyType: Land
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Description: None
  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street
  • Waterfront: No

Utilities

  • Cooling: Other
  • Heating: Natural Gas
  • Laundry Features: None
  • Utilities: Electric to Site, Gas to Site, Water-Municipal

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 100X125
  • Zoning: OTHER
  • Lot Size: .25-.49 Acre
  • Special Assessments: N
  • Land Description: Level

Rental Info

  • Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Scavenger, Sewer
  • Board Number: 8
  • Rental Price: 0

Building Info

  • Building(s) on Land: Yes

Multi Family

  • Existing Lease Type: Modified Gross

Tax Info

  • Tax Annual Amount: 30273.48
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2022
Closed on
Nov 7, 2024
Sold by
Anna M Lee Inc
Bought by
Lg Uptown Investments Llc
Seller's Agent
Nicole Hurt
@properties Christie's International Real Estate
Buyer's Agent
Leonor Diaz
RE/MAX Premier
List Price
$1,475,000
Sold Price
$1,400,000
Premium/Discount to List
-$75,000
-5.08%
Views
49

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Outstanding Balance
$1,036,306
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2016
Sold by
Chicago Title Land Trust Co
Bought by
Anna M Lee Inc
Source: Public Records
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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
Lg Uptown Investments Llc $1,400,000 None Listed On Document
Anna M Lee Inc -- Chicago Title Land Trust Com
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lg Uptown Investments Llc $1,050,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2024 11/07/24 Sold $1,400,000 -5.1% $230 / Sq Ft
12/14/2023 12/14/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $1,475,000 +5.4% $242 / Sq Ft
05/31/2023 05/31/23 Off Market $1,400,000 -- --
02/03/2023 02/03/23 Price Changed $1,475,000 -12.6% $242 / Sq Ft
11/16/2022 11/16/22 For Sale $1,687,500 -- $277 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2025 $7,813 $40,750 $27,344 $13,406
2024 $7,813 $40,750 $27,344 $13,406
2023 $7,568 $35,263 $14,063 $21,200
2022 $7,568 $35,264 $14,063 $21,201
2021 $7,971 $37,978 $14,062 $23,916
2020 $10,175 $43,750 $14,062 $29,688
2019 $7,880 $37,569 $14,062 $23,507
2018 $6,319 $30,686 $14,062 $16,624
2017 $7,744 $34,567 $12,304 $22,263
2016 $4,916 $23,548 $12,304 $11,244
2015 $3,399 $17,909 $12,304 $5,605
2014 $13,149 $68,367 $12,304 $56,063
2013 $12,889 $68,367 $12,304 $56,063
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11673882

Midwest Real Estate Data (MRED)

APN: 13-13-200-012-0000

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