4242 N Cicero Ave Chicago, IL 60641
Portage Park NeighborhoodEstimated payment $5,819/month
About This Lot
WOW! WOW! WOW! EXCITING RED HOT SIX CORNERS LOCATION!! NEW DEVELOPMENT SURROUNDS !!!! NEW SEARS DEVELOPMENT/CONVERSION IS A STONE THROW AWAY ALONG WITH OTHER ROWS OF NEW/NEWER BUILDS!!!!! THIS POTENTIAL KNOCKDOWN OF EXISTING SINGLE STORY GUTTED COMMERCIAL/RETAIL MEDICAL OFFICE SITS ON AN INCREDIBLE LOT. 90 x 125 lot may provide for a potential zoning from current B3-1 to allow for possibly 3 commercial ground floor units plus 6 additional residential units - 2 above each store front- total of 9 units .other potential option is 9 residential units 3 duplex's and 6 simplex w/City approval..the 30 feet of frontage allows for an extra wide and nicer footprint per. Others have suggested keeping existing possibly and adding 2 floors w/parking way it is or make ground level parking and add a floor and go back..*** The opportunity is rare and exciting. SURVEY IS AVAILABLE. Your also welcome to see existing structure on a walk thru by appointment. Brokers & Buyers---***Please do your diligence with your architect/planner and or City of Chicago- Zoning etc BEFORE submitting an offer.**** 3 p.i.n.s are 1316410023/024/025.
Property Details
Property Type
- Land
Est. Annual Taxes
- $20,295
Lot Details
- Lot Dimensions are 90 x 125
- Property fronts an alley
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 | $7,406 | $38,326 | $32,813 | $5,513 |
| 2023 | $6,200 | $35,101 | $16,875 | $18,226 |
| 2022 | $6,200 | $30,144 | $16,875 | $13,269 |
| 2021 | $6,061 | $30,143 | $16,875 | $13,268 |
| 2020 | $5,341 | $23,975 | $16,875 | $7,100 |
| 2019 | $10,523 | $52,376 | $16,875 | $35,501 |
| 2018 | $4,729 | $23,939 | $16,875 | $7,064 |
| 2017 | $12,321 | $57,234 | $14,765 | $42,469 |
| 2016 | $4,658 | $23,258 | $14,765 | $8,493 |
| 2015 | $10,465 | $57,108 | $14,765 | $42,343 |
| 2014 | $3,525 | $18,998 | $14,765 | $4,233 |
| 2013 | $10,386 | $57,108 | $14,765 | $42,343 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/13/2025 05/13/25 | For Sale | $774,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Limited Warranty Deed | $600,000 | Chicago Title | |
| Warranty Deed | $510,000 | -- | |
| Deed | $410,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $150,000 | Commercial | |
| Previous Owner | $478,000 | Credit Line Revolving |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12364191
APN: 13-16-410-025-0000
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