2943 W Madison St Chicago, IL 60612
United Center NeighborhoodEstimated payment $2,758/month
About This Lot
Located just 1.4 miles from the transformative 1901 Development, this property presents outstanding potential for mixed-use investment. Zoned C1-1, it's well-suited for both commercial and residential development. The site offers excellent access to public transportation and is surrounded by a growing range of amenities. With East Garfield Park experiencing rapid revitalization, this is a strategic opportunity for investors looking to capitalize on future growth.
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,734
Lot Details
- 0.44 Acre Lot
- Lot Dimensions are 157x123
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,734 | $25,427 | $25,025 | $402 |
| 2023 | $2,665 | $12,915 | $12,513 | $402 |
| 2022 | $2,665 | $12,915 | $12,513 | $402 |
| 2021 | $2,605 | $12,913 | $12,512 | $401 |
| 2020 | $2,886 | $12,913 | $12,512 | $401 |
| 2019 | $2,603 | $12,913 | $12,512 | $401 |
| 2018 | $2,559 | $12,913 | $12,512 | $401 |
| 2017 | $2,374 | $10,988 | $10,587 | $401 |
| 2016 | $2,120 | $10,587 | $10,587 | $0 |
| 2015 | $1,940 | $10,587 | $10,587 | $0 |
| 2014 | $1,964 | $10,587 | $10,587 | $0 |
| 2013 | $1,926 | $10,587 | $10,587 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/09/2025 09/09/25 | For Sale | $475,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | $330,000 | Ctcc | |
| Sheriffs Deed | -- | None Available | |
| Warranty Deed | $500,000 | Pntn | |
| Warranty Deed | $150,000 | Professional National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $585,000 | Unknown | |
| Previous Owner | $400,000 | Unknown | |
| Closed | $35,000 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12466272
APN: 16-13-103-047-0000
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