NOT LISTED FOR SALE
0.06 Acre
-- Price per Acre
2,614 Sq Ft Lot

Sale Details

Date Sold: May 30, 2023

Last sale price $1,660,000 $1,297 Per Sq Ft

103 Days on Market

About This Lot

As of May 2023

55 East Cedar is a new build opportunity clustered with other magnificent historic homes on one of the best streets in Chicago. This prime location is in the Gold Coast and is located 1/2 block from Oak Street Beach, Rush Street restaurants and the Magnificent mile. 27 feet of frontage is a rare find that offers a chance to do something special. The facade is not protected or landmarked. Currently a multi-unit building, the property is available for sale in "as-is" condition.

Last Agent to Sell the Property

Meladee Hughes

Baird & Warner License #471012202 Listed on: 01/25/2023

Baird & Warner

Co-Listed By

Craig Hogan

Engel & Voelkers Chicago License #471016778

Last Buyer's Agent

Celeste Huenergard

Coldwell Banker Realty License #475164698

Coldwell Banker Realty
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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $33,381

Lot Details

  • Lot Dimensions are 27x72

Laundry

  • Laundry in Garage
  • Gas Dryer Hookup

Utilities

  • Electricity To Lot Line
  • Gas Available

Property Details

Property Type

Land

Est. Annual Taxes

$33,381

Listing Details

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

Interior Features

  • Basement Description: None
  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0

Utilities

  • Laundry Features: Gas Dryer Hookup, Electric Dryer Hookup, In Garage
  • Utilities: Electric to Site, Gas to Site

Lot Info

  • Lot Dimensions: 27X72
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Building Info

  • Building(s) on Land: Yes

Tax Info

  • Tax Annual Amount: 33381.06
  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2023
Closed on
May 25, 2023
Sold by
Bought by
Seller's Agent
Meladee Hughes
Baird & Warner
Buyer's Agent
Celeste Huenergard
Coldwell Banker Realty
List Price
$1,775,000
Sold Price
$1,660,000
Premium/Discount to List
-$115,000
-6.48%
Views
16

Purchase Details

Closed on
May 15, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,348,000
Interest Rate
6.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 8, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.91%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 27, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 3, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 12, 1997
Sold by
Bought by

Purchase Details

Closed on
Sep 30, 1993
Sold by
Bought by

Purchase Details

Closed on
Aug 31, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,660,000 Greater Illinois Title
$1,685,000 City Suburban Title Svcs Co
$495,000 Cti
$350,000 Chicago Title Insurance Comp
$375,000 --
$132,666 Chicago Title Insurance Co
$103,333 --
$123,333 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,348,000
Previous Owner $1,500,000
Previous Owner $1,500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/30/2023 05/30/23 Sold $1,660,000 0.0% $1,297 / Sq Ft
05/30/2023 05/30/23 Sold $1,660,000 -6.5% $1,297 / Sq Ft View Prior Sale
05/09/2023 05/09/23 Pending -- -- --
05/09/2023 05/09/23 Pending -- -- --
01/25/2023 01/25/23 For Sale $1,775,000 0.0% $1,387 / Sq Ft
09/20/2022 09/20/22 For Sale $1,775,000 0.0% $1,387 / Sq Ft
09/01/2022 09/01/22 Pending -- -- --
08/25/2022 08/25/22 For Sale $1,775,000 -- $1,387 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $32,711 $199,000 $61,603 $137,397
2024 $32,711 $199,000 $61,603 $137,397
2023 $31,888 $155,034 $49,600 $105,434
2022 $31,888 $155,034 $49,600 $105,434
2021 $33,381 $166,000 $49,600 $116,400
2020 $32,585 $146,272 $34,720 $111,552
2019 $32,653 $162,525 $34,720 $127,805
2018 $9,640 $48,804 $34,720 $14,084
2017 $32,252 $149,823 $27,776 $122,047
2016 $30,008 $149,823 $27,776 $122,047
2015 $27,454 $149,823 $27,776 $122,047
2014 $23,220 $125,147 $23,808 $101,339
2013 $22,761 $125,147 $23,808 $101,339
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11707366

Midwest Real Estate Data (MRED)
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