NOT LISTED FOR SALE

5024 S Archer Ave Chicago, IL 60632

Brighton Park Neighborhood

Estimated Value: $352,000

0.53 Acre
$664,151 Price per Acre
23,087 Sq Ft Lot

Last Sold August 13, 2024

Last sale price $300,000

Est. 17% increase in value since last sale

Current estimated payment $1,970/month

176 Days on Market

About This Lot

As of August 2024

Pleased to present the opportunity to acquire a prime, commercial real estate corner land for sale. With 7.684 square feet in size, this corner lot holds firm potential for a National Credit Tenant as it is strategically located. Zoned B3-1, it offers a versatile canvas for shopping centers, expansive stores, and retail storefronts. Situated at the intersection of Archer Ave and Komenski St, this parcel boasts remarkable visibility and accessibility. Located half a block from Archer Ave and Pulaski Rd, it sits steps from the renowned Curie Metro High School, ensuring a constant flow of local traffic. Moreover, its adjacency to the CTA Pulaski Orange Line Train Stop makes it a focal point of commuter activity. Its direct access to the I-55 Stevenson Highway further enhances its connectivity, making it an ideal hub for businesses seeking regional outreach. Surrounded by a great number of national credit tenants it is viewed by an average daily count of 41,091 passing vehicles along Archer Ave and Pulaski Rd which secures its exposure.

Last Agent to Sell the Property

Manuel Torrejon-Regalado

Keller Williams ONEChicago License #475165475 Listed on: 11/25/2023

Keller Williams ONEChicago

Last Buyer's Agent

Manuel Torrejon-Regalado

Keller Williams ONEChicago License #475165475 Listed on: 11/25/2023

Keller Williams ONEChicago

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,548

Lot Details

  • Lot Dimensions are 29x78
  • Additional Parcels

Property Details

Property Type

Land

Est. Annual Taxes

$2,548

Lot Details

0

Listing Details

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

Interior Features

  • Basement Bathrooms: No

Exterior Features

  • Frontage Length: 29
  • Frontage Type: City Street
  • List Price: 315044
  • Waterfront: No

Utilities

  • Utilities: Other

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels Description: 19102300150000,19102300160000
  • Additional Parcels: Yes
  • Lot Dimensions: 29X78
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 8

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 2548
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2023
Closed on
Aug 7, 2024
Sold by
Landex Land Llc and First National Acquisitions Llc
Bought by
Patel Land Archer Llc
Seller's Agent
Manuel Torrejon-Regalado
Keller Williams ONEChicago
Buyer's Agent
Manuel Torrejon-Regalado
Keller Williams ONEChicago
List Price
$315,044
Sold Price
$300,000
Premium/Discount to List
-$15,044
-4.78%
Views
153
Current Estimated Value
$352,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,000
Avg. Annual Appreciation
16.11%
Original Mortgage
$240,000
Outstanding Balance
$237,653
Interest Rate
6.73%
Mortgage Type
Credit Line Revolving
Estimated Equity
$114,347

Purchase Details

Closed on
Jul 21, 2022
Sold by
Yarbrough Karen A
Bought by
First National Acquisitions Llc
Source: Public Records

Range of Values:

Collateral Analytics

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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
Patel Land Archer Llc $300,000 None Listed On Document
First National Acquisitions Llc -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Land Archer Llc $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2024 08/13/24 Sold $300,000 -4.8% --
11/26/2023 11/26/23 For Sale $315,044 -- --
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 $803 $3,450 $3,450 --
2023 $781 $3,278 $3,278 --
2022 $781 $3,278 $3,278 $0
2021 $763 $3,277 $3,277 $0
2020 $852 $3,277 $3,277 $0
2019 $5,087 $21,665 $8,193 $13,472
2018 $5,033 $21,665 $8,193 $13,472
2017 $2,645 $10,400 $7,475 $2,925
2016 $2,477 $10,400 $7,475 $2,925
2015 $2,298 $10,400 $7,475 $2,925
2014 $2,332 $10,400 $7,475 $2,925
2013 $2,289 $10,400 $7,475 $2,925
Source: Public Records

Agents Affiliated with this Home

  • Manuel Torrejon-Regalado

    Seller's Agent in 2024

    Manuel Torrejon-Regalado

    Keller Williams ONEChicago

    (312) 730-2029

    1 in this area

    27 Total Sales

    Manuel Torrejon-Regalado
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11936505

Midwest Real Estate Data (MRED)

APN: 19-10-230-014-0000

Illinois Cook County Chicago 60632 Brighton Park

5024 S Archer Ave, Chicago, IL

This home is located at 5024 S Archer Ave, Chicago, IL 60632 since 25 November 2023 and is currently estimated at $352,000. 5024 S Archer Ave is a home located in Cook County with nearby schools including Davis N Elementary School, Curie Metropolitan High School, and St. Bruno School.

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