NOT LISTED FOR SALE

Estimated Value: $62,287 - $470,000

0.07 Acre
$3,802,057 Price per Acre
3,049 Sq Ft Lot

Last Sold December 27, 2018

Last sale price $29,000

Est. 818% increase in value since last sale

Current estimated payment $1,475/month

10 Days on Market

About This Lot

As of December 2018

Full sized vacant lot cleared, fenced and ready to go. Zoned RT-4 perfect opportunity to develop, or hold as neighborhood continues to appreciate. Located on one of the best blocks in East Garfield Park

Last Agent to Sell the Property

Michael Drommerhausen

Dream Town Real Estate License #475152822 Listed on: 11/07/2018

Dream Town Real Estate

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $752

Lot Details

Property Details

Property Type

Land

Est. Annual Taxes

$752

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Residential-Multi-Family, Residential-Single Family
  • Potential Use: Residential-Multi-Family, Residential-Single Family
  • Zoning Type: MULTI
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

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

Exterior Features

  • Lot Size: Standard Chicago Lot
  • Acreage: 0.07
  • Frontage Access: City Street
  • Front Footage: 25

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 25 X 124
  • Estimated Land Sq Ft: 3100
  • Land Amenities: Curbs and Gutters, Fencing, Pool, Sidewalks
  • Parcel Identification Number: 16131110060000

Tax Info

  • Taxes: 651.91

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2022
Sold by
The Sara J Vail Revocable Living Trust
Bought by
2847 Wilcox Llc
Total Days on Market
10
Current Estimated Value
$266,144

Purchase Details

Closed on
Jan 17, 2022
Sold by
The Sara J Vail Revocable Living Trust
Bought by
2847 Wilcox Llc

Purchase Details

Listed on
Nov 7, 2018
Closed on
Dec 27, 2018
Sold by
2847 W Wilcox Llc
Bought by
Vail Sara J and Sara J Vail Revocable Living Trust
Seller's Agent
Michael Drommerhausen
Dream Town Real Estate
Buyer's Agent
Non Member
NON MEMBER
List Price
$29,900
Sold Price
$29,000
Premium/Discount to List
-$900
-3.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.87%

Purchase Details

Closed on
Apr 28, 2006
Sold by
Drommerhausen Michael
Bought by
2847 W Wilcox Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,600
Interest Rate
6.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 18, 2006
Sold by
Bryant Clifford
Bought by
Drommerhausen Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,600
Interest Rate
6.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 10, 2006
Sold by
Bryant Clifford and Bryant Emily
Bought by
Drommerhausen Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,600
Interest Rate
6.25%
Mortgage Type
Unknown
Source: Public Records

Similar Properties in the area

  • 2347 W Grand Ave, Chicago, IL 60612

    $340,000

    • Land
    • 0.08 Acre
    • $4,250,000 per Acre
    • 2347 W Grand Ave
    • Chicago, IL

    Great lot with an abundance of options. 36x105 deep. Prime location on a busy Street.

    Matt Laricy Americorp, Ltd

    Section Image
  • 1701 N Kimball Ave, Chicago, IL 60647

    $250,000

    • Land
    • 0.09 Acre
    • $2,777,778 per Acre
    • 1701 N Kimball Ave
    • Chicago, IL

    Prime Development Opportunity in a Premier Location! This expansive 24.35' x 177' corner lot offers endless possibilities for your next project. With no structures to demolish, it's a clean slate for your vision. Situated just one block south of the Kimball Arts Center and the popular 606 Trail, this lot provides easy access to Logan Square, Palmer Square, and Humboldt Park. Current zoning RS-3.

    Craig Franzen Dream Town Real Estate

    Section Image
  • 3529 S Prairie Ave, Chicago, IL 60653

    $299,900

    • Land
    • 0.12 Acre
    • $2,499,167 per Acre
    • 3529 S Prairie Ave
    • Chicago, IL

    Great vacant lot , incredible potential for investors and builders!

    Magdalena Gruszka Archer Home Center

    Section Image
  • 6420 W Gunnison St, Harwood Heights, IL 60706

    $279,000

    • Land
    • 0.1 Acre
    • $2,790,000 per Acre
    • 6420 W Gunnison St
    • Harwood Heights, IL

    ATTN Builders, Investors -- Prime corner lot in Harwood Heights !! Perfect location to construct a Multi-Family apartment building (optional single family home). Variance to build a 3 flat apartment building was approved by the village of Harwood Heights - Unfortunately, the approved Variance is not transferable. However, we already did the leg work and can share our plans with your buyer so

    Brian Costello Hometown Real Estate Group LLC

    Section Image
  • 6724 N Avondale Ave, Chicago, IL 60631

    $219,000

    • Land
    • 0.08 Acre
    • $2,737,500 per Acre
    • 6724 N Avondale Ave
    • Chicago, IL

    Perfect location for building a new dream home! Rarely available vacant land (Lot Size: 55 x 126 x 100 x9) with approved permits for new home construction. End street with resident only permit by Monument Park, Metra Edison Park station, Downtown Edison Park with shops and restaurants . Owner has approved plans for new construction home with 3 bedroom/2.1 bath, attached garage. Plans can be

    Stella Kalaykova Coldwell Banker Realty

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
2847 Wilcox Llc $55,000 --
2847 Wilcox Llc $55,000 --
Vail Sara J $29,000 Attorney
2847 W Wilcox Llc -- None Available
Drommerhausen Michael $67,000 First American Title Ins Co
Drommerhausen Michael $67,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2847 Wilcox Llc $1,775,000
Previous Owner 2733 West Adams Llc $918,305
Previous Owner 2733 West Adams Llc $210,000
Previous Owner Drommerhausen Michael $53,600
Previous Owner Bryant Cliff $167,500
Previous Owner Bryant Cliff $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2018 12/27/18 Sold $29,000 -3.0% --
11/17/2018 11/17/18 Pending -- -- --
11/07/2018 11/07/18 For Sale $29,900 -- --
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 $752 $4,495 $4,495 --
2023 $752 $3,643 $3,643 --
2022 $752 $3,643 $3,643 $0
2021 $735 $3,642 $3,642 $0
2020 $814 $3,642 $3,642 $0
2019 $734 $3,642 $3,642 $0
2018 $722 $3,642 $3,642 $0
2017 $703 $3,255 $3,255 $0
2016 $652 $3,255 $3,255 $0
2015 $596 $3,255 $3,255 $0
2014 $575 $3,100 $3,100 $0
2013 $564 $3,100 $3,100 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10132416

Midwest Real Estate Data (MRED)

APN: 16-13-111-006-0000