Seller's Agent in 2024
Paulette Edwards
Coldwell Banker Realty
(773) 837-0383
3 in this area
149 Total Sales
516 E Oakwood Blvd Chicago, IL 60653
Bronzeville NeighborhoodEstimated Value: $937,000 - $1,149,530
0.74
Acre
$1,409,818
Price per Acre
32,234
Sq Ft Lot
About This Lot
As of August 2024Prime Opportunity in Bronzeville Neighborhood: 7 Vacant Lots for Experienced Investors Nestled in the heart of Bronzeville, this prime parcel of vacant land presents a golden opportunity for seasoned investors looking to create stunning new developments. Comprising seven spacious lots totaling 32,136 square feet, this offering is primed for the construction of elegant apartments, charming rowhomes, or luxurious single-family residences. Strategically located mere steps away from a vibrant array of amenities, this property boasts proximity to renowned establishments such as Mariano's, Chicago Home of Chicken and Waffles, and Pearls Place. Additionally, it stands adjacent to the historic Monumental Baptist Church and the revered Light of Truth Ida B. Wells National Monument, enriching the area with cultural significance. Convenience is key, as residents will enjoy easy access to leisurely strolls along Lake Shore Drive and the nearby Oakwood/41st Street Beach. Culinary delights await just a short five-minute drive away at Pier 31 Restaurant, while major transportation arteries, including the I-90/94 expressway, are conveniently reachable within a mere ten-minute drive. With its unbeatable location and boundless potential, this vacant land in Bronzeville promises an exceptional investment opportunity for those with the vision to bring new life and prosperity to this historic neighborhood. Land is currently being separated into separate lots.
Last Agent to Sell the Property
Coldwell Banker Realty License #471011238 Listed on: 06/26/2024
Property Details
Property Type
- Land
Est. Annual Taxes
- $9,867
Lot Details
- 0.74 Acre Lot
- Lot Dimensions are 211 x 159.11 x 180.70 x 156.25
- Property is zoned MULTI
Utilities
- No Utilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 26, 2024
Closed on
Aug 1, 2024
Sold by
516 E Oakwood Llc
Bought by
516 Oakwood Llc
Seller's Agent
Paulette Edwards
Coldwell Banker Realty
Buyer's Agent
Karen Biazar
North Clybourn Group, Inc.
List Price
$1,221,000
Sold Price
$1,125,000
Premium/Discount to List
-$96,000
-7.86%
Views
6
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$81,735
Avg. Annual Appreciation
-5.14%
Purchase Details
Closed on
Apr 10, 2018
Sold by
God S House For All Nations Inc
Bought by
516 E Oakwood Llc
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 516 Oakwood Llc | $1,125,000 | First American Title | |
| 516 E Oakwood Llc | $300,000 | First American Title |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/01/2024 08/01/24 | Sold | $1,125,000 | -7.9% | -- |
| 07/29/2024 07/29/24 | Pending | -- | -- | -- |
| 06/26/2024 06/26/24 | For Sale | $1,221,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $10,124 | $14,326 | $14,326 | -- |
| 2024 | $10,124 | $111,591 | $111,591 | -- |
| 2023 | $9,867 | $47,825 | $47,825 | -- |
| 2022 | $9,867 | $47,825 | $47,825 | $0 |
| 2021 | $9,646 | $47,824 | $47,824 | $0 |
| 2020 | $12,074 | $54,201 | $54,201 | $0 |
| 2019 | $10,890 | $54,201 | $54,201 | $0 |
| 2018 | $10,707 | $54,201 | $54,201 | $0 |
| 2017 | $9,609 | $44,636 | $44,636 | $0 |
| 2016 | $8,940 | $44,636 | $44,636 | $0 |
| 2015 | $8,179 | $44,636 | $44,636 | $0 |
| 2014 | $7,099 | $38,259 | $38,259 | $0 |
| 2013 | $6,958 | $38,259 | $38,259 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Paulette Edwards
-
Sybil Martin
Seller Co-Listing Agent in 2024
Sybil Martin
Coldwell Banker Realty
(773) 491-7217
4 in this area
171 Total Sales
-
Karen Biazar
Buyer's Agent in 2024
Karen Biazar
North Clybourn Group, Inc.
(773) 610-8877
9 in this area
878 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12055578
APN: 20-03-200-041-0000
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