NOT LISTED FOR SALE

324 W Chicago Ave Chicago, IL 60654

River North Neighborhood

Estimated Value: $2,866,000 - $5,279,000

-- Bed
2 Baths
-- Sq Ft
5,009 Sq Ft Lot

About This Home

This home is located at 324 W Chicago Ave, Chicago, IL 60654 and is currently estimated at $3,970,986. 324 W Chicago Ave is a home located in Cook County with nearby schools including Ogden Elementary School, Wells Community Academy High School, and Midwest Academy for Gifted Education, NFP (MAGE).

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2017
Sold by
324 West Chicago Llc
Bought by
324 W Chicago Ave Holdings Llc
Current Estimated Value
$3,970,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,771,250
Outstanding Balance
$2,316,054
Interest Rate
3.93%
Mortgage Type
Commercial
Estimated Equity
$1,654,932

Purchase Details

Closed on
Oct 26, 2005
Sold by
Chicago Title Land Trust Co
Bought by
324 West Chicago Llc

Purchase Details

Closed on
Jul 20, 2000
Sold by
Park National Bank & Trust Of Chicago
Bought by
Cole Taylor Bank and Trust #99-8282

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
8.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 16, 1999
Sold by
Goodman Ronald David
Bought by
Ferdinand William and Philmlee David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,000
Interest Rate
7.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 7, 1995
Sold by
Western Springs National Bank & Trust
Bought by
Park National Bank & Trust Co Of Chicago

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
7.81%
Mortgage Type
Commercial
Source: Public Records

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.

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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.

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First American

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Quantarium

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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
324 W Chicago Ave Holdings Llc $3,695,000 Attorney
324 West Chicago Llc $1,930,000 --
Cole Taylor Bank $700,000 1St American Title
Ferdinand William $700,000 --
Park National Bank & Trust Co Of Chicago -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 324 W Chicago Ave Holdings Llc $2,771,250
Previous Owner Cole Taylor Bank $1,050,000
Previous Owner Ferdinand William $685,000
Previous Owner Park National Bank & Trust Co Of Chicago $450,000
Closed Cole Taylor Bank $225,000
Source: Public Records

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 $52,077 $280,000 $77,500 $202,500
2023 $50,767 $246,820 $62,500 $184,320
2022 $50,767 $246,820 $62,500 $184,320
2021 $62,038 $308,505 $62,500 $246,005
2020 $66,831 $300,000 $60,000 $240,000
2019 $68,974 $343,305 $60,000 $283,305
2018 $70,761 $358,225 $60,000 $298,225
2017 $28,308 $131,500 $47,500 $84,000
2016 $26,338 $131,500 $47,500 $84,000
2015 $77,561 $423,259 $112,500 $310,759
2014 $46,153 $248,750 $93,750 $155,000
2013 $45,241 $248,750 $93,750 $155,000
Source: Public Records

Map

Illinois Cook County Chicago 60610 River North

324 W Chicago Ave, Chicago, IL

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