NOT LISTED FOR SALE

5613 W Belmont Ave Chicago, IL 60634

Belmont Central Neighborhood

Estimated Value: $408,000

0.73 Acre
$558,904 Price per Acre
31,799 Sq Ft Lot

Last Sold October 07, 2022

Last sale price $320,000

Est. 28% increase in value since last sale

Current estimated payment $2,278/month

About This Lot

As of October 2022

GREAT DEVELOPMENT OPPORTUNITY ON THIS 50X127 DOUBLE LOT! HIGHLY VISIBLE LOCATION. HEAVY TRAFFIC ON BELMONT AND CENTRAL AVE. ZONING B1-2 ALLOWS FOR MANY USES. COMBINED TRAFFIC COUNTS 37,000. SURROUNDED BY NATIONAL AND LOCAL TENANTS. OWNER HAS APPROVED PLANS TO CONSTRUCT AN ELEVATOR BUILDING WITH 2 STORES AND SIX 3 BEDROOM 2 BATH CONDOS. LIFE CHANGES HAS FORCED HIM TO WITHDRAW FROM HIS PLAN TO BUILD. PLANS AVAILABLE AT ADDITIONAL $25000.

Last Agent to Sell the Property

Matthew Mika

Compass License #471001481 Listed on: 08/21/2022

Compass

Co-Listed By

Norbert Mika

Compass License #471001355

Last Buyer's Agent

Gina Joshi

Prestige Realty Group License #475164128

Prestige Realty Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,356

Lot Details

  • Lot Dimensions are 50x125
  • Additional Parcels
  • Property is zoned COMMR

Utilities

  • No Cooling
  • No Heating
  • Electricity To Lot Line
  • Gas Available

Property Details

Property Type

Land

Est. Annual Taxes

$6,356

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Other
  • Road Surface Type: Asphalt
  • General Information: None
  • 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
  • Rail Availability: None

Garage/Parking

  • Number of Cars: 0

Utilities

  • Cooling: None
  • Heating: None
  • Utilities: Electric to Site, Gas to Site, Water to Site

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 50X125
  • Zoning: COMMR
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 6356
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2024
Sold by
Males Cecilia Adela Burga and Lema Edin Patricio
Bought by
Males Cecilia Adela Burga and Burga Amparito Itzel
Current Estimated Value
$408,000

Purchase Details

Closed on
Sep 17, 2008
Sold by
Chicago Title Land Trust Co
Bought by
Hassan Talee T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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

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ICE

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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
Males Cecilia Adela Burga -- None Listed On Document
Hassan Talee T $650,000 Chicago Title Land Trust Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hassan Talee T $650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/07/2022 10/07/22 Sold $320,000 -8.5% --
08/22/2022 08/22/22 Pending -- -- --
08/21/2022 08/21/22 For Sale $349,900 +112.1% --
12/17/2019 12/17/19 Sold $165,000 -17.1% -- View Prior Sale
09/25/2019 09/25/19 Pending -- -- --
12/18/2018 12/18/18 For Sale $199,000 -- --
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 $1,518 $8,498 $7,938 $560
2023 $1,472 $6,275 $5,715 $560
2022 $1,472 $6,275 $5,715 $560
2021 $1,440 $6,275 $5,715 $560
2020 $1,589 $6,275 $5,715 $560
2019 $1,433 $6,275 $5,715 $560
2018 $1,412 $6,275 $5,715 $560
2017 $1,351 $5,560 $5,000 $560
2016 $1,254 $5,560 $5,000 $560
2015 $1,165 $5,560 $5,000 $560
2014 $1,185 $5,560 $5,000 $560
2013 $2,905 $13,902 $12,501 $1,401
Source: Public Records

Agents Affiliated with this Home

  • Matthew Mika

    Seller's Agent in 2022

    Matthew Mika

    Compass

    (773) 406-1792

    2 in this area

    236 Total Sales

    Matthew Mika
    Section Image
  • Norbert Mika

    Seller Co-Listing Agent in 2022

    Norbert Mika

    Compass

    (773) 406-7116

    2 in this area

    91 Total Sales

    Norbert Mika
    Section Image
  • Gina Joshi

    Buyer's Agent in 2022

    Gina Joshi

    Prestige Realty Group

    (708) 965-9422

    1 in this area

    81 Total Sales

    Gina Joshi
    Section Image

  • J

    Seller's Agent in 2019

    John Kulesza

    Beaulieu Real Estate

    (773) 505-0260

    4 in this area

    65 Total Sales

    John Kulesza
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11609886

Midwest Real Estate Data (MRED)

APN: 13-29-207-005-0000

Illinois Cook County Chicago 60634 Belmont Central

5613 W Belmont Ave, Chicago, IL

Not Listed for Sale

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