NOT LISTED FOR SALE

5116 S Michigan Ave Chicago, IL 60615

Washington Park Neighborhood

Estimated Value: $712,000

0.18 Acre
$3,955,556 Price per Acre
7,841 Sq Ft Lot

Last Sold March 12, 2019

Last sale price $22,000

Est. 3,136% increase in value since last sale

Current estimated payment $4,034/month

11 Days on Market

About This Lot

As of March 2019

TOD near 51st Green Line. Extra wide lot on an emerging street. Agent owned. Cheapest in area and well less than the $11.51/sf land price average since 2016. Building to south undergoing improvements as well. Will only consider all-cash offer with no contingencies (this is not large enough to complicate). Request plat from LA.

Last Agent to Sell the Property

Evan Djikas

Colliers Bennett & Kahnweiler License #471005047 Listed on: 01/23/2019

Last Buyer's Agent

Hasani Steele

RE/MAX Premier License #471018236

RE/MAX Premier

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,897

Lot Details

Location

  • Property is near a bus stop

Property Details

Property Type

Land

Est. Annual Taxes

$2,897

Lot Details

0

Listing Details

  • Property Type: Land
  • General Information: Commuter Bus, Commuter Train
  • Ownership: Fee Simple
  • Utilities To Site: Electric to Site, Gas to Site, Sanitary Sewer to Site, Water-Municipal, Water to Site
  • Zoning Type: MULTI
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Road Surface: Asphalt

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Acreage: 0.18
  • Frontage Access: City Street
  • Front Footage: 50

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 50 X 161
  • Estimated Land Sq Ft: 8050
  • Parcel Identification Number: 20103010380000

Tax Info

  • Taxes: 779.71

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2019
Closed on
Mar 12, 2019
Sold by
5120 S Michigan Llc
Bought by
Community Revitalization Group Inc
Seller's Agent
Evan Djikas
Colliers Bennett & Kahnweiler
Buyer's Agent
Hasani Steele
RE/MAX Premier
List Price
$20,000
Sold Price
$22,000
Premium/Discount to List
$2,000
10%
Current Estimated Value
$712,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$690,000
Avg. Annual Appreciation
68.68%

Purchase Details

Closed on
Jan 30, 2013
Sold by
5124 S Michigan Llc
Bought by
5120 S Michigan Llc

Purchase Details

Closed on
Jun 1, 2005
Sold by
Burton Erlie
Bought by
Killian Armen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$667,500
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 20, 2002
Sold by
Burton Craig
Bought by
Burton Erlie
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
Community Revitalization Group Inc $22,000 Attorney
5120 S Michigan Llc -- North American Title Co
Killian Armen S $195,000 First American Title
Burton Erlie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Killian Armen S $667,500
Previous Owner Burton Craig E $94,500
Previous Owner Burton Craig $71,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2019 03/12/19 Sold $22,000 +10.0% --
02/03/2019 02/03/19 Pending -- -- --
01/23/2019 01/23/19 For Sale $20,000 -- --
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 $2,897 $28,175 $28,175 --
2023 $2,824 $13,685 $13,685 --
2022 $2,824 $13,685 $13,685 $0
2021 $2,760 $13,685 $13,685 $0
2020 $3,049 $13,685 $13,685 $0
2019 $2,749 $13,685 $13,685 $0
2018 $2,703 $13,685 $13,685 $0
2017 $780 $3,622 $3,622 $0
2016 $725 $3,622 $3,622 $0
2015 $664 $3,622 $3,622 $0
2014 $1,792 $9,660 $9,660 $0
2013 $1,757 $9,660 $9,660 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2019

    Evan Djikas

    Colliers Bennett & Kahnweiler

  • Hasani Steele

    Buyer's Agent in 2019

    Hasani Steele

    RE/MAX

    (312) 451-2224

    97 Total Sales

    Hasani Steele
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10255773

Midwest Real Estate Data (MRED)

APN: 20-10-301-038-0000

Illinois Cook County Chicago 60615 Washington Park

5116 S Michigan Ave, Chicago, IL

This home is located at 5116 S Michigan Ave, Chicago, IL 60615 since 23 January 2019 and is currently estimated at $712,000. 5116 S Michigan Ave is a home located in Cook County with nearby schools including Beethoven Elementary School, Wendell Phillips Academy High School, and Ace Amandla Charter High School.

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