NOT LISTED FOR SALE

5546 S Wells St Chicago, IL 60621

Englewood Neighborhood

Estimated Value: $30,847 - $273,000

0.11 Acre
$1,406,704 Price per Acre
4,704 Sq Ft Lot

Last Sold June 13, 2024

Last sale price $30,000

Est. 406% increase in value since last sale

Current estimated payment $844/month

About This Lot

As of June 2024

Positioned in the heart of Englewood, the vacant lot at 5546 S Wells St, Chicago, offers a remarkable development opportunity for visionary real estate developers. This 4,725 sq ft parcel is zoned RS-3, allowing for diverse residential projects including single-family homes, duplexes, and low-density constructions. The area is currently experiencing revitalization, marked by recent nearby developments that highlight the neighborhood's potential for growth and enhancement. Strategically located, this property is within a short distance of the CTA Red Line and Midway Airport, ensuring excellent connectivity to major city hubs and convenience for future residents. The proximity to these significant transport arteries enhances the appeal of the site, making it an attractive investment for both residential and potentially mixed-use developments. Englewood itself is an area poised for growth, with several new projects in the pipeline indicating a positive trajectory in real estate development. The lot's urban setting and the neighborhood's ongoing transformation present a unique chance to contribute to and benefit from Englewood's resurgence. For developers looking to make a significant impact in a revitalizing area, this property offers the perfect ground to cultivate a thriving community-oriented project, leveraging its location and the neighborhood's developmental momentum.

Last Agent to Sell the Property

Moses Hall

MoHall Commercial & Urban Development License #471019687 Listed on: 05/08/2024

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $619

Lot Details

  • Lot Dimensions are 33 x 125
  • Dirt Road
  • Property is zoned MULTI

Utilities

  • Gas Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$619

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Multi-Family, Single Family
  • Road Surface Type: Asphalt, Dirt
  • General Information: None
  • Actual Status: Closed
  • ResoPropertyType: Land
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street
  • Waterfront: No

Utilities

  • Utilities: Gas Nearby, Water to Site

Lot Info

  • Lot Dimensions: 33 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 619.37
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2024
Closed on
Jun 9, 2024
Sold by
Torrey Mattie B and Baker Karen L
Bought by
Noble Development Associates Ltd
Seller's Agent
Moses Hall
MoHall Commercial & Urban Development
Buyer's Agent
Non Member
NON MEMBER
List Price
$30,000
Sold Price
$30,000
Views
1
Current Estimated Value
$151,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,924
Avg. Annual Appreciation
151.35%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Noble Development Associates Ltd $30,000 Fidelity National Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2024 06/13/24 Sold $30,000 0.0% --
05/08/2024 05/08/24 Pending -- -- --
05/08/2024 05/08/24 For Sale $30,000 -- --
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 $650 $1,418 $1,418 --
2024 $650 $1,418 $1,418 --
2023 $634 $3,071 $3,071 --
2022 $634 $3,071 $3,071 $0
2021 $619 $3,071 $3,071 $0
2020 $684 $3,071 $3,071 $0
2019 $617 $3,071 $3,071 $0
2018 $607 $3,071 $3,071 $0
2017 $610 $2,835 $2,835 $0
2016 $568 $2,835 $2,835 $0
2015 $519 $2,835 $2,835 $0
2014 $482 $2,598 $2,598 $0
2013 $473 $2,598 $2,598 $0
Source: Public Records

Agents Affiliated with this Home

  • Moses Hall

    Seller's Agent in 2024

    Moses Hall

    MoHall Commercial & Urban Development

    (312) 826-9925

    4 in this area

    45 Total Sales

    Moses Hall
    Section Image

  • N

    Buyer's Agent in 2024

    Non Member

    NON MEMBER

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12050625

Midwest Real Estate Data (MRED)

APN: 20-16-202-057-0000

Illinois Cook County Chicago 60621 Englewood

5546 S Wells St, Chicago, IL

Not Listed for Sale

Lots

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.