NOT LISTED FOR SALE

Estimated Value: $2,737,206

0.48 Acre
$5,702,512 Price per Acre
20,909 Sq Ft Lot

Last Sold August 06, 2013

Last sale price $525,000

Est. 421% increase in value since last sale

Current estimated payment $19,557/month

15 Days on Market

About This Lot

As of August 2013

BANK OWNED VACANT PARCEL. 20,855 SQ FT. CONCRETE FOUNDATION. FORMER DEVELOPMENT PLANS CALLED FOR 5-STORY, 32 UNIT DEVELOPMENT CONSISTING OF (5) COMMERCIAL SPACES, AND 32 RESIDENTIAL UNITS (4) 3 BED 2 BATH and (28) 2 BED 2 BATH UNITS AND 49 UNDERGROUND PARKING SPACES.

Last Agent to Sell the Property

Peter Lynn

Building Equity License #471014611 Listed on: 05/07/2013

Co-Listed By

Dan Rosenberg

Building Equity License #475146725

Last Buyer's Agent

Jason Vondrachek

Quest Realty Group LLC License #471007493

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $55,712

Lot Details

Location

  • Property is near a bus stop

Property Details

Property Type

Land

Est. Annual Taxes

$55,712

Lot Details

0

Listing Details

  • Property Type: Land
  • General Information: Commuter Bus, Commuter Train
  • Ownership: Fee Simple
  • Current Use: Commercial
  • Utilities To Site: Electric Nearby, Gas Nearby, Water to Site
  • Zoning Type: COMMR
  • Special Features: 20
  • Property Sub Type: LotsLands

Interior Features

  • Road Surface: Asphalt

Exterior Features

  • Lot Size: .25-.49 Acre
  • Acreage: 0.48
  • Frontage Access: City Street
  • Front Footage: 100

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 100 X 202 X 100 X 214
  • Parcel Identification Number: 11312060010000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2018
Sold by
West Loop 1300 Llc
Bought by
Clark Estes Apartments Lp
Current Estimated Value
$2,737,206

Purchase Details

Listed on
May 7, 2013
Closed on
Aug 1, 2013
Sold by
Northside Community Bank
Bought by
West Loop 1300 Llc
Seller's Agent
Peter Lynn
Building Equity
Buyer's Agent
Jason Vondrachek
Quest Realty Group LLC
List Price
$599,000
Sold Price
$525,000
Premium/Discount to List
-$74,000
-12.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.59%
Original Mortgage
$565,000
Interest Rate
3.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 2010
Sold by
Chicago Title Land Trust Company
Bought by
Northside Community Bank

Purchase Details

Closed on
Apr 1, 2005
Sold by
7070 North Clark Llc
Bought by
Chicago Title Land Trust Co and Trust #11122931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 31, 2004
Sold by
Family Properties Holding Co Llc
Bought by
7070 North Clark Llc

Purchase Details

Closed on
Oct 30, 2000
Sold by
Chicago Title Land Trust Company
Bought by
Jack R Kaplan Declaration Of Trust and The Gordon Magill Trust
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
Clark Estes Apartments Lp $1,750,000 Attorney
West Loop 1300 Llc $525,000 None Available
Northside Community Bank -- None Available
Chicago Title Land Trust Co $1,300,000 Chicago Title Co
7070 North Clark Llc -- --
Family Properties Holding Co Llc -- --
Jack R Kaplan Declaration Of Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark Estes Apartments Lp $2,475,000
Closed Clark Estes Apartments Lp $2,475,000
Open Clark Estes Apartments Lp $14,797,014
Closed Clark Estes Apartments Lp $2,475,000
Previous Owner West Loop 1300 Llc $565,000
Previous Owner Chicago Title Land Trust Co $7,140,000
Previous Owner Chicago Title Land Trust Co $1,040,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2013 08/06/13 Sold $525,000 -12.4% --
05/22/2013 05/22/13 Pending -- -- --
05/07/2013 05/07/13 For Sale $599,000 -- --
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 $55,712 $260,325 $62,010 $198,315
2023 $54,570 $246,141 $20,326 $225,815
2022 $54,570 $246,141 $20,326 $225,815
2021 $82,311 $378,678 $31,270 $347,408
2020 $69,927 $290,060 $31,270 $258,790
2019 $6,817 $31,270 $31,270 $0
2018 $6,693 $31,270 $31,270 $0
2017 $6,532 $28,090 $28,090 $0
2016 $6,084 $28,090 $28,090 $0
2015 $5,707 $28,620 $28,090 $530
2014 $5,801 $28,620 $28,090 $530
2013 $5,685 $28,620 $28,090 $530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08335832

Midwest Real Estate Data (MRED)

APN: 11-31-206-001-0000