NOT LISTED FOR SALE

2824 W Madison St Chicago, IL 60612

Garfield Park Neighborhood

Estimated Value: $91,838 - $270,000

0.05 Acre
$3,618,380 Price per Acre
2,178 Sq Ft Lot

Last Sold April 30, 2018

Last sale price $70,000

Est. 158% increase in value since last sale

Current estimated payment $979/month

244 Days on Market

About This Lot

As of April 2018

Investor Redevelopment Opportunity. Situated in the vicinity of many larger development projects of different product types such as Pete's Fresh Market and Johnny's IceHouse the official practice home for the Chicago Blackhawks. Property is minutes to downtown Chicago, easy access to Eisenhower I-290 Expressway, 3 blocks to Green Line CTA station, Madison Ave CTA stop, close to the Garfield Park Conservatory which is one of the largest and most impressive conservatories in the US and just 9 blocks to the United Center. The property borders on the west loop expansion with extensive new retail and residential development just east of the property.

Last Agent to Sell the Property

Ellen Baumler

Sperry Van Ness License #471002263 Listed on: 05/30/2017

Last Buyer's Agent

Ellen Baumler

Sperry Van Ness License #471002263 Listed on: 05/30/2017

Property Details

Property Type

  • Land

Location

  • Property is near bus stop

Property Details

Property Type

Land

Listing Details

  • Property Type: Land
  • General Information: Commuter Bus, Interstate Access
  • Ownership: Fee Simple
  • Current Use: Commercial
  • Potential Use: Commercial, Condominium, Residential-Multi-Family, Residential-Single Family, Zoning Change Required
  • Utilities To Site: Electric to Site, Gas to Site, Water-Municipal
  • Zoning Type: COMMR
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Land Description: Cleared, Level
  • Road Surface: Concrete

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Acreage: 0.05
  • Frontage Access: City Street
  • Front Footage: 24

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 24 X 125
  • Estimated Land Sq Ft: 3000
  • Parcel Identification Number: 16123310380000

Tax Info

  • Taxes: 242.61

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2017
Closed on
Apr 30, 2018
Sold by
Kulp Marcia E
Bought by
2812 W Madison Llc
Seller's Agent
Ellen Baumler
Sperry Van Ness
Buyer's Agent
Ellen Baumler
Sperry Van Ness
List Price
$85,000
Sold Price
$70,000
Premium/Discount to List
-$15,000
-17.65%
Current Estimated Value
$180,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,919
Avg. Annual Appreciation
12.79%

Purchase Details

Closed on
Feb 23, 2017
Sold by
Kulp Marcia E
Bought by
Kulp Marcia E and The Marcia E Kulp Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
2812 W Madison Llc $70,000 Chicago Title
Kulp Marcia E -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2018 04/30/18 Sold $70,000 -17.6% --
01/29/2018 01/29/18 Pending -- -- --
05/30/2017 05/30/17 For Sale $85,000 -- --
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 $331 $3,130 $3,130 --
2024 $331 $3,130 $3,130 --
2023 $323 $1,565 $1,565 --
2022 $323 $1,565 $1,565 $0
2021 $316 $1,565 $1,565 $0
2020 $350 $1,565 $1,565 $0
2019 $316 $1,565 $1,565 $0
2018 $310 $1,565 $1,565 $0
2017 $286 $1,324 $1,324 $0
2016 $265 $1,324 $1,324 $0
2015 $243 $1,324 $1,324 $0
2014 $246 $1,324 $1,324 $0
2013 $241 $1,324 $1,324 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2018

    Ellen Baumler

    Sperry Van Ness

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09641531

Midwest Real Estate Data (MRED)

APN: 16-12-331-038-0000

Illinois Cook County Chicago 60612 Garfield Park

2824 W Madison St, Chicago, IL

Not Listed for Sale

Lots

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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