NOT LISTED FOR SALE

Estimated Value: $512,000

0.5 Acre
$1,024,000 Price per Acre
21,780 Sq Ft Lot

Last Sold September 15, 2021

Last sale price $475,000

Est. 8% increase in value since last sale

Current estimated payment $2,837/month

186 Days on Market

About This Lot

As of September 2021

Excellent location right between two major draws- I-55 and Midway Airport. 200 Feet of frontage on prime Cicero! Close by the airport and expressways driving lots of different traffic creating many different potential options- carwash, restaurant, airport related. Originally going to be built as a fast food restaurant or strip mall, this 22,000 square foot property gives you tons of options. B3-1 Zoning allows for many different uses. Drive by and call with questions.

Last Agent to Sell the Property

Daniel Merrion

Coldwell Banker Realty License #471018576 Listed on: 01/14/2021

Coldwell Banker Realty

Last Buyer's Agent

Daniel Merrion

Coldwell Banker Realty License #471018576 Listed on: 01/14/2021

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,442

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 200x110x200x110
  • Additional Parcels
  • Property is zoned PMD

Utilities

  • No Utilities

Property Details

Property Type

Land

Est. Annual Taxes

$1,442

Lot Details

0

Listing Details

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

Interior Features

  • Basement Bathrooms: No

Exterior Features

  • Frontage Length: 200
  • Frontage Type: City Street
  • List Price: 549000
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0

Utilities

  • Utilities: None

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.5
  • Lot Dimensions: 200X110X200X110
  • Zoning: PMD
  • Lot Size: .25-.49 Acre
  • Special Assessments: U
  • Estimated Land Sq Ft: 22000

Rental Info

  • Board Number: 8

Building Info

  • Building(s) on Land: Yes

Tax Info

  • Tax Annual Amount: 1442.11
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2008
Sold by
Chicago Title Land Trust Co
Bought by
Metropolitan Bank & Trust and Trust #2589
Current Estimated Value
$512,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$764,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 22, 2003
Sold by
Chicago Title Land Trust Co
Bought by
Cole Taylor Bank and Trust #03-9799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,500
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage
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
Metropolitan Bank & Trust $850,000 Multiple
Cole Taylor Bank $520,000 Cti
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Metropolitan Bank & Trust $764,000
Previous Owner Cole Taylor Bank $484,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2021 09/15/21 Sold $475,000 0.0% --
07/19/2021 07/19/21 Pending -- -- --
06/30/2021 06/30/21 Off Market $475,000 -- --
01/14/2021 01/14/21 For Sale $549,000 -- --
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 $827 $4,125 $4,125 --
2023 $806 $3,919 $3,919 --
2022 $806 $3,919 $3,919 $0
2021 $788 $3,918 $3,918 $0
2020 $873 $3,918 $3,918 $0
2019 $787 $3,918 $3,918 $0
2018 $774 $3,918 $3,918 $0
2017 $770 $3,575 $3,575 $0
2016 $716 $3,575 $3,575 $0
2015 $655 $3,575 $3,575 $0
2014 $663 $3,575 $3,575 $0
2013 $650 $3,575 $3,575 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10971000

Midwest Real Estate Data (MRED)

APN: 19-10-113-007-0000