NOT LISTED FOR SALE

6552 N Milwaukee Ave Chicago, IL 60631

Norwood Park Neighborhood

Estimated Value: $384,000 - $389,209

0.27 Acre
$1,431,870 Price per Acre
11,761 Sq Ft Lot

Last Sold January 25, 2024

Last sale price $345,000

Est. 12% increase in value since last sale

Current estimated payment $2,482/month

16 Days on Market

Highlights

  • 0.27 Acre Lot
  • Taft High School Rated A-
  • Corner Lot

About This Lot

As of January 2024

Beautiful 12,000 s.f. piece of land ready for your apartment / condo development. Seller changed zoning to build a 9 unit apartment or condo building. Lovely hard corner with exposure for both access and light on Milwaukee (38ft) and Albion (131 ft). This land makes sense no matter what angle you look at it. No demo needed. Taxes reflect previous structure and are being contested. Great location on border of Chicago, Edison Park, Wildwood & Niles. Right opposite Caldwell Woods and Clayton Smith Woods Preserve. Zoning B2-3. Easy access to 90 expressway, Norwood Pk train and Edgebrook Metra stop.

Last Agent to Sell the Property

Patrick Santry

Coldwell Banker Realty License #475136126 Listed on: 11/14/2023

Coldwell Banker Realty

Last Buyer's Agent

Exclusive Agency

NON MEMBER

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,722

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 135.87 x 103.13 x 131.15 x 38.78
  • Property fronts an alley
  • Corner Lot
  • Property is zoned COMMR

Schools

  • Onahan Elementary School
  • Taft High School

Utilities

  • Electricity To Lot Line
  • Gas Available

Community Details

  • No Laundry Facilities

Property Details

Property Type

Land

Est. Annual Taxes

$14,722

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Road Surface Type: Asphalt
  • General Information: Commuter Bus
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Commercial, Condominium, Multi-Family
  • Basement Description: None
  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street, Alley Access
  • List Price: 375000
  • Waterfront: No

Utilities

  • Laundry Features: None
  • Utilities: Electric to Site, Gas to Site

Schools

  • Elementary School: Onahan Elementary School
  • High School: Taft High School
  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.27
  • Lot Dimensions: 135.87 X 103.13 X 131.15 X 38.78
  • Zoning: COMMR
  • Lot Size: .50-.99 Acre
  • Special Assessments: N
  • Land Amenities: Sidewalks
  • Estimated Land Sq Ft: 12,015
  • Land Description: Cleared,Irregular,Level

Rental Info

  • Board Number: 8
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 14721.88
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2023
Closed on
Jan 25, 2024
Sold by
Agc Holdings Inc
Bought by
6550 N Milwaukee Llc
Seller's Agent
Patrick Santry
Coldwell Banker Realty
Buyer's Agent
Exclusive Agency
NON MEMBER
List Price
$450,000
Sold Price
$345,000
Premium/Discount to List
-$105,000
-23.33%
Views
25
Current Estimated Value
$386,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,605
Avg. Annual Appreciation
5.87%

Purchase Details

Closed on
Mar 9, 2021
Sold by
Norwood Commons Llc
Bought by
Agc Holdings Inc

Purchase Details

Closed on
Jul 6, 2015
Sold by
Albion Specialty Care Llc
Bought by
Norwood Commons Llc

Purchase Details

Closed on
Mar 7, 2007
Sold by
Parkway Bank & Trust Co
Bought by
Albion Specialty Care Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
6.27%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
6550 N Milwaukee Llc $345,000 Chicago Title Insurance Compan
Agc Holdings Inc $135,000 Chicago Title
Norwood Commons Llc $300,000 Stewart Title
Albion Specialty Care Llc $850,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Albion Specialty Care Llc $100,000
Previous Owner Albion Specialty Care Llc $680,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2024 01/25/24 Sold $345,000 -8.0% --
12/01/2023 12/01/23 Pending -- -- --
11/22/2023 11/22/23 Price Changed $375,000 -16.7% --
11/14/2023 11/14/23 For Sale $450,000 -- --
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 $4,563 $36,045 $36,045 --
2023 $4,448 $21,627 $21,627 --
2022 $4,448 $21,627 $21,627 $0
2021 $14,722 $73,210 $54,067 $19,143
2020 $25,463 $114,303 $54,067 $60,236
2019 $15,263 $75,971 $54,067 $21,904
2018 $15,007 $75,970 $54,067 $21,903
2017 $32,072 $148,984 $47,309 $101,675
2016 $29,840 $148,984 $47,309 $101,675
2015 $27,301 $148,984 $47,309 $101,675
2014 $12,569 $67,745 $47,309 $20,436
2013 $12,321 $67,745 $47,309 $20,436
Source: Public Records

Agents Affiliated with this Home

  • Patrick Santry

    Seller's Agent in 2024

    Patrick Santry

    Coldwell Banker Realty

    (312) 420-5645

    2 in this area

    17 Total Sales

    Patrick Santry
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11930810

Midwest Real Estate Data (MRED)

APN: 10-31-409-044-0000

Illinois Cook County Chicago 60631 Norwood Park

6552 N Milwaukee Ave, Chicago, IL

This home is located at 6552 N Milwaukee Ave, Chicago, IL 60631 since 14 November 2023 and is currently estimated at $386,605. 6552 N Milwaukee Ave is a home located in Cook County with nearby schools including Onahan Elementary School, Taft High School, and St. Paul of the Cross School.

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