NOT LISTED FOR SALE

3031 W 5th Ave Chicago, IL 60612

Garfield Park Neighborhood

Estimated Value: $56,106 - $60,000

0.07 Acre
$829,329 Price per Acre
3,049 Sq Ft Lot

Sale Details

Date Sold: June 2, 2022

Last sale price $49,000

Est. 18% increase in value since last sale

Current estimated payment $437 / mo

257 Days on Market

About This Lot

As of June 2022

Chicago land zoned for C1-2 retail storefronts and allows more business types than B1 districts, including liquor stores, warehouses, and auto shops. Apartments permitted above the ground floor. The dimensions are 24x125, title is clean, land well maintained and ready for development. Seller is open to doing seller financing to help a developer get the project off the ground.

Last Agent to Sell the Property

Gregorio Cirone

xr realty License #471003959 Listed on: 07/01/2021

Co-Listed By

Adam Ramahi

xr realty License #475181710

Last Buyer's Agent

Christian Searles

Alec Realty Group, LLC License #471022791

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,252

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 24 x 125
  • Property is zoned SINGL

Utilities

  • No Utilities

Property Details

Property Type

Land

Est. Annual Taxes

$1,252

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Other
  • Road Surface Type: Asphalt
  • General Information: None
  • Actual Status: Closed
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0

Utilities

  • Utilities: None

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.07
  • Lot Dimensions: 24 X 125
  • Zoning: SINGL
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 1251.8
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 13, 2025
Sold by
Searles Group Llc
Bought by
Francis Construction Group Llc
Current Estimated Value
$58,053

Purchase Details

Listed on
Jul 1, 2021
Closed on
Apr 21, 2022
Sold by
Battaglia Peter
Bought by
Searles Group Llc
Seller's Agent
Gregorio Cirone
xr realty
Buyer's Agent
Christian Searles
Alec Realty Group, LLC
List Price
$75,000
Sold Price
$49,000
Premium/Discount to List
-$26,000
-34.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.54%

Purchase Details

Closed on
May 5, 2004
Sold by
North Star Trust Co
Bought by
Battaglia Peter

Purchase Details

Closed on
Nov 7, 2002
Sold by
Orr David D
Bought by
North Star Trust Company and Trust #00-3042
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Francis Construction Group Llc -- None Listed On Document
Searles Group Llc $49,000 None Listed On Document
Battaglia Peter $30,000 Git
North Star Trust Company -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2022 06/02/22 Sold $49,000 -34.7% --
03/16/2022 03/16/22 Pending -- -- --
07/01/2021 07/01/21 For Sale $75,000 -- --
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 $1,522 $4,531 $4,531 --
2024 $1,522 $4,531 $4,531 --
2023 $1,483 $7,188 $7,188 --
2022 $1,483 $7,188 $7,188 $0
2021 $1,450 $7,187 $7,187 $0
2020 $1,606 $7,187 $7,187 $0
2019 $1,449 $7,187 $7,187 $0
2018 $1,424 $7,187 $7,187 $0
2017 $1,350 $6,250 $6,250 $0
2016 $1,252 $6,250 $6,250 $0
2015 $1,145 $6,250 $6,250 $0
2014 $1,160 $6,250 $6,250 $0
2013 $1,137 $6,250 $6,250 $0
Source: Public Records

Agents Affiliated with this Home

  • Gregorio Cirone

    Seller's Agent in 2022

    Gregorio Cirone

    xr realty

    (708) 415-6755

    2 in this area

    513 Total Sales

    Gregorio Cirone
    Section Image
  • Adam Ramahi

    Seller Co-Listing Agent in 2022

    Adam Ramahi

    xr realty

    (708) 250-4001

    2 in this area

    125 Total Sales

    Adam Ramahi
    Section Image
  • Christian Searles

    Buyer's Agent in 2022

    Christian Searles

    Alec Realty Group, LLC

    (708) 267-5519

    1 in this area

    8 Total Sales

    Christian Searles
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11141275

Midwest Real Estate Data (MRED)

APN: 16-13-115-002-0000

Illinois Cook County Chicago 60612 Garfield Park

3031 W 5th Ave, 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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.