NOT LISTED FOR SALE

Estimated Value: $217,000

0.86 Acre
$252,326 Price per Acre
37,462 Sq Ft Lot

Last Sold September 02, 2020

Last sale price $149,000

Est. 46% increase in value since last sale

Current estimated payment $1,390/month

2,229 Days on Market

About This Lot

As of September 2020

BANK OWNED PROPERTY HAS POTENTIAL FOR MULTI-UNIT, RESIDENTIAL OR SENIOR HOUSING THAT CAN INCLUDE 1ST FLOOR RETAIL. LOCATED DIRECTLY ACROSS THE STREET FROM THE METRA WEST CHICAGO STATION WITHIN WALKING DISTANCE TO EVERYTHING.

Last Agent to Sell the Property

Kristine Eisenmann

GC Realty and Development License #475127676 Listed on: 08/09/2013

Co-Listed By

Mark Ainley

GC Realty and Development License #471003954

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,466

Lot Details

  • 0.86 Acre Lot
  • Lot Dimensions are 164x216x169x216
  • Property is zoned PUD

Home Design

  • Mixed Use

Additional Features

  • Electricity Available at Street
  • Gas Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$7,466

Lot Details

0

Listing Details

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

Interior Features

  • Basement Description: None

Exterior Features

  • Frontage Length: 164
  • Frontage Type: City Street
  • List Price: 149000
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0

Utilities

  • Utilities: Electric Nearby, Gas Nearby

Schools

  • Middle/Junior School District: 33

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.86
  • Lot Dimensions: 164X216X169X216
  • Zoning: PUD
  • Lot Size: .50-.99 Acre
  • Special Assessments: N
  • Estimated Land Sq Ft: 37462
  • Total Listed Lots Avail: 1

Rental Info

  • Board Number: 10
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 7466.16
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2020
Sold by
Cottage Hill Development Llc
Bought by
Main Street Lofts Llc
Current Estimated Value
$217,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,730,000
Outstanding Balance
$2,440,418
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 9, 2013
Closed on
Aug 27, 2020
Sold by
Melrose Holdings 5 Llc
Bought by
Cottage Hill Development Llc and North Arrow Development
Seller's Agent
Kristine Eisenmann
GC Realty and Development
Buyer's Agent
Non Member
NON MEMBER
List Price
$199,000
Sold Price
$149,000
Premium/Discount to List
-$50,000
-25.13%

Purchase Details

Closed on
Oct 20, 2012
Sold by
State Bank Of Illinois Trust No 1-1293
Bought by
Melrose Holings 5 Llc

Purchase Details

Closed on
Mar 22, 2006
Sold by
Madison Management Llc
Bought by
State Bank Of Illinois and Trust #1-1293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,000
Interest Rate
7.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 23, 2005
Sold by
City Of West Chicago
Bought by
Madison Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,000
Interest Rate
7.5%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
Main Street Lofts Llc $150,000 Title Services Inc
Cottage Hill Development Llc $149,000 Chicago Title
Melrose Holings 5 Llc -- None Available
State Bank Of Illinois -- Ctic
Madison Management Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Main Street Lofts Llc $2,730,000
Open Main Street Lofts Llc $4,332,577
Closed Main Street Lofts Llc $10,500
Previous Owner Madison Management Llc $2,270,000
Previous Owner Madison Management Llc $343,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2020 09/02/20 Sold $149,000 0.0% --
09/16/2019 09/16/19 Pending -- -- --
06/18/2019 06/18/19 Price Changed $149,000 -25.1% --
11/01/2018 11/01/18 For Sale $199,000 0.0% --
01/22/2018 01/22/18 Pending -- -- --
07/21/2017 07/21/17 Price Changed $199,000 -33.4% --
08/09/2013 08/09/13 For Sale $299,000 -- --
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 -- -- -- --
2023 -- -- -- --
2022 $7,178 $75,840 $75,840 $0
2021 $6,933 $72,700 $72,700 $0
2020 $6,811 $70,490 $70,490 $0
2019 $6,640 $67,130 $67,130 $0
2018 $6,400 $63,330 $63,330 $0
2017 $7,121 $68,330 $68,330 $0
2016 $7,466 $68,330 $68,330 $0
2015 $10,858 $93,310 $93,310 $0
2014 $10,422 $88,870 $88,870 $0
2013 $10,520 $92,120 $92,120 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08416970

Midwest Real Estate Data (MRED)

APN: 04-10-119-069