NOT LISTED FOR SALE

504 Elgin Ave Forest Park, IL 60130

Estimated Value: $338,000

0.18 Acre
$1,836,957 Price per Acre
8,015 Sq Ft Lot

Last Sold October 26, 2012

Last sale price $95,000

Est. 256% increase in value since last sale

Current estimated payment $1,957/month

197 Days on Market

About This Lot

As of October 2012

The 16,000-square-foot land site in conveniently located along Harlem Avenue only one block from Rush Oak Park Hospital. Zoned R2, the land site has 100 feet of frontage along Elgin and Harlem Avenues and 160 feet along Adams Street. The land site is near an abundance of retail outlets along Madison Street as well as the Eisenhower Expressway. Nearby retailers include Starbucks, McDonald's, Jimmy John's and Wendy's.

Last Agent to Sell the Property

Brad Thompson

Millennium Properties RE, Inc. License #471013662 Listed on: 03/20/2012

Last Buyer's Agent

Dan Moroney

Moroney Homes, LLC License #471005493

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,364

Lot Details

  • Lot Dimensions are 100x160
  • Property is zoned SINGL

Utilities

  • Electricity To Lot Line
  • Gas Available

Property Details

Property Type

Land

Est. Annual Taxes

$2,364

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Agricultural
  • Road Surface Type: Asphalt
  • General Information: School Bus Service,Commuter Bus
  • Actual Status: Closed
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street
  • Waterfront: No

Utilities

  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water to Site

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 100X160
  • Zoning: SINGL
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 2364.23
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2012
Closed on
Dec 5, 2012
Sold by
Moroney Homes Llc
Bought by
Kennedy Kathryn
Seller's Agent
Brad Thompson
Millennium Properties RE, Inc.
Buyer's Agent
Dan Moroney
Moroney Homes, LLC
List Price
$109,900
Sold Price
$95,000
Premium/Discount to List
-$14,900
-13.56%
Current Estimated Value
$338,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,000
Avg. Annual Appreciation
10.04%

Purchase Details

Listed on
Mar 20, 2012
Closed on
Oct 24, 2012
Sold by
Res & Il Forest Park Llc
Bought by
Moroney Homes Llc
Seller's Agent
Brad Thompson
Millennium Properties RE, Inc.
Buyer's Agent
Dan Moroney
Moroney Homes, LLC
List Price
$109,900
Sold Price
$95,000
Premium/Discount to List
-$14,900
-13.56%

Purchase Details

Closed on
Apr 26, 2012
Sold by
504 & 508 Elgin Llc
Bought by
Res Il Forest Park Llc

Purchase Details

Closed on
Dec 7, 2005
Sold by
Forest Park National Bank & Trust Co
Bought by
504 & 508 Elgin Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,000
Interest Rate
7.25%
Mortgage Type
Unknown
Source: Public Records
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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
Kennedy Kathryn $125,000 Prairie Title
Moroney Homes Llc $95,000 None Available
Res Il Forest Park Llc -- None Available
504 & 508 Elgin Llc $375,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 504 & 508 Elgin Llc $576,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2013 01/24/13 Off Market $95,000 -- --
10/26/2012 10/26/12 Sold $95,000 -13.6% --
10/03/2012 10/03/12 Pending -- -- --
03/20/2012 03/20/12 For Sale $109,900 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $2,403 $8,000 $8,000 --
2024 $2,403 $8,000 $8,000 --
2023 $2,007 $8,000 $8,000 --
2022 $2,007 $5,600 $5,600 $0
2021 $1,906 $5,600 $5,600 $0
2020 $1,858 $5,600 $5,600 $0
2019 $1,831 $5,200 $5,200 $0
2018 $1,793 $5,200 $5,200 $0
2017 $1,754 $5,200 $5,200 $0
2016 $1,720 $4,800 $4,800 $0
2015 $1,693 $4,800 $4,800 $0
2014 $1,661 $4,800 $4,800 $0
2013 $1,552 $4,800 $4,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08022656

Midwest Real Estate Data (MRED)

APN: 15-13-215-002-0000