NOT LISTED FOR SALE

2734 Commercial Ave South Chicago Heights, IL 60411

Estimated Value: $173,242 - $253,000

4 Beds
2 Baths
1,920 Sq Ft
$110/Sq Ft Est. Value

Last Sold December 05, 2014

Last sale price $10,000 $5 Per Sq Ft

Est. 2,008% increase in value since last sale

Current estimated payment $1,390/month

33 Days on Market

Highlights

  • Traditional Architecture
  • Enclosed Patio or Porch
  • Paved or Partially Paved Lot
  • Fenced Yard
  • Forced Air Heating System
  • 2-minute walk to Jackson Park

About This Home

As of December 2014

HUGE 2-UNIT BUILDING WITH TONS OF POTENTIAL ON A LOT 67 FEET WIDE. EACH UNIT WITH 2 BEDROOMS AND 5 ROOMS TOTAL. EACH UNIT PAYS OWN UTILITIES INCLUDING SEPERATE FORCED AIR HEAT SYSTEMS. INTERIORS HAVE SOME UPDATES. COSMETIC WORK NEEDED TO BRING UP TO RENTABLE STANDARDS.

Last Agent to Sell the Property

Joe Castillo

RE/MAX MI CASA License #471000216 Listed on: 10/10/2014

RE/MAX MI CASA

Last Buyer's Agent

Carol Minyard

Village Realty, Inc. License #475096209

Village Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1914

Lot Details

  • Lot Dimensions are 67 x 125
  • Fenced Yard
  • Paved or Partially Paved Lot

Home Design

  • Traditional Architecture
  • Frame Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Utilities

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

Additional Features

  • Basement Fills Entire Space Under The House
  • Enclosed Patio or Porch

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Year Built: 1914
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Room Type: Enclosed Porch
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • List Price: 20000
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Schools

  • Middle/Junior School District: 170

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 67 X 125
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 5438
  • Tax Year: 2013
  • Tax Exemptions: None

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
Sep 4, 2018
Sold by
Minyard Carol
Bought by
Alvarez Jaime Chavez
Current Estimated Value
$210,811

Purchase Details

Closed on
Dec 8, 2015
Sold by
Minyard Fred
Bought by
Minyard Carol

Purchase Details

Listed on
Oct 10, 2014
Closed on
Nov 20, 2014
Sold by
21St Mortgage Corporation
Bought by
Minyard Fred
Seller's Agent
Joe Castillo
RE/MAX MI CASA
Buyer's Agent
Carol Minyard
Village Realty, Inc.
List Price
$20,000
Sold Price
$10,000
Premium/Discount to List
-$10,000
-50%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.60%

Purchase Details

Closed on
Sep 4, 2014
Sold by
Ward
Bought by
21St Mortgage Corporation

Purchase Details

Closed on
Dec 19, 2003
Sold by
Grasser Nancy
Bought by
Ward Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,062
Interest Rate
6.08%
Mortgage Type
FHA
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
Alvarez Jaime Chavez -- None Available
Minyard Carol -- Attorney
Minyard Fred $10,000 Ctic
21St Mortgage Corporation -- None Available
Ward Jason $132,000 Pntn
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ward Jason $155,700
Previous Owner Ward Jason $147,250
Previous Owner Ward Jason $130,062
Previous Owner Grasser Nancy $100,300
Previous Owner Grasser Nancy $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2014 12/05/14 Sold $10,000 -50.0% $5 / Sq Ft
11/10/2014 11/10/14 Pending -- -- --
11/01/2014 11/01/14 For Sale $20,000 0.0% $10 / Sq Ft
10/21/2014 10/21/14 Pending -- -- --
10/08/2014 10/08/14 For Sale $20,000 -- $10 / 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 $3,002 $11,020 $2,188 $8,832
2023 $2,649 $11,020 $2,188 $8,832
2022 $2,649 $9,143 $1,875 $7,268
2021 $2,532 $9,143 $1,875 $7,268
2020 $2,546 $9,143 $1,875 $7,268
2019 $3,856 $13,084 $1,718 $11,366
2018 $3,675 $13,084 $1,718 $11,366
2017 $3,954 $13,084 $1,718 $11,366
2016 $4,269 $12,504 $1,562 $10,942
2015 $5,330 $12,504 $1,562 $10,942
2014 $3,960 $12,504 $1,562 $10,942
2013 $5,438 $12,932 $1,562 $11,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08750078

Midwest Real Estate Data (MRED)

APN: 32-29-413-038-0000