NOT LISTED FOR SALE

7228 S Wentworth Ave Chicago, IL 60621

Englewood Neighborhood

Estimated Value: $257,000

0.06 Acre
$4,283,333 Price per Acre
2,614 Sq Ft Lot

Last Sold May 30, 2023

Last sale price $4,250 $1 Per Sq Ft

Est. 5,947% increase in value since last sale

Current estimated payment $1,442/month

92 Days on Market

About This Lot

As of May 2023

"Buy land, they're not making it anymore!" Great opportunity to own a great Chicago lot in up-and-coming neighborhood with a lot of recent development. Build on the lot now, create equity, or sit on the lot and sell as values appreciate, the potential is endless. This property has been placed in an upcoming event. All bids should be submitted at Xome. com void where prohibited. Please submit any pre-auction offer received through the property details page on Xome. com. Any post-auction offers will need to be submitted directly to the listing agent. Response within 3 business days. All properties are subject to a 5% buyer's premium pursuant to the Auction Participation Agreement and Terms & Conditions minimums will apply.

Last Agent to Sell the Property

Jose Mendoza

Vylla Home License #475139123 Listed on: 01/29/2023

Last Buyer's Agent

Exclusive Agency

NON MEMBER

Property Details

Property Type

  • Land

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 25 x 121
  • Property is zoned MULTI

Utilities

  • Electricity To Lot Line
  • Gas Available

Community Details

  • No Laundry Facilities

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Multi-Family
  • Road Surface Type: Concrete
  • General Information: School Bus Service
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

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

Exterior Features

  • Frontage Length: 25
  • Frontage Type: City Street
  • List Price: 4665
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0

Utilities

  • Laundry Features: None
  • Utilities: Electric to Site, Gas to Site, Sewer-Storm Available, Water to Site

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.06
  • Lot Dimensions: 25 X 121
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U
  • Land Description: Cleared

Rental Info

  • Board Number: 10
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 1139.9
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2023
Closed on
May 8, 2023
Sold by
Reperforming Loan Remic Trust
Bought by
Arceneaux Christopher
Seller's Agent
Jose Mendoza
Vylla Home
Buyer's Agent
Exclusive Agency
NON MEMBER
List Price
$4,900
Sold Price
$4,250
Premium/Discount to List
-$650
-13.27%
Views
151
Current Estimated Value
$257,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,750
Avg. Annual Appreciation
550.86%

Purchase Details

Closed on
Feb 6, 2023
Sold by
Judicial Sales Corporation
Bought by
Wells Fargo Bank National Association and Reperforming Loan Remic Trust

Purchase Details

Closed on
Mar 3, 2000
Sold by
City Of Chicago
Bought by
Sanford Alice

Purchase Details

Closed on
Nov 1, 1993
Sold by
Kitchen Concepts Inc
Bought by
Sanford Alice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,850
Interest Rate
6.96%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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
Arceneaux Christopher $4,500 None Listed On Document
Wells Fargo Bank National Association -- None Listed On Document
Sanford Alice $300 --
Sanford Alice M $36,666 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sanford Alice M $55,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2023 05/30/23 Sold $4,250 -8.9% $1 / Sq Ft
05/02/2023 05/02/23 Pending -- -- --
03/04/2023 03/04/23 Price Changed $4,665 -4.8% $1 / Sq Ft
01/29/2023 01/29/23 For Sale $4,900 -- $1 / Sq Ft
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 $415 $908 $908 --
2023 $1,147 $1,966 $1,966 --
2022 $1,147 $9,000 $1,966 $7,034
2021 $1,140 $8,999 $1,966 $7,033
2020 $1,159 $8,303 $2,268 $6,035
2019 $1,207 $9,436 $2,268 $7,168
2018 $1,185 $9,436 $2,268 $7,168
2017 $1,931 $12,345 $1,966 $10,379
2016 $2,275 $13,857 $1,966 $11,891
2015 $2,059 $13,857 $1,966 $11,891
2014 $1,932 $12,983 $1,815 $11,168
2013 $1,883 $12,983 $1,815 $11,168
Source: Public Records

Agents Affiliated with this Home

  • Jose Mendoza

    Seller's Agent in 2023

    Jose Mendoza

    Vylla Home

    (773) 447-8754

    2 in this area

    37 Total Sales

    Section Image

  • E

    Buyer's Agent in 2023

    Exclusive Agency

    NON MEMBER

    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11709146

Midwest Real Estate Data (MRED)

APN: 20-28-211-022-0000

Illinois Cook County Chicago 60621 Englewood

7228 S Wentworth Ave, Chicago, IL

This home is located at 7228 S Wentworth Ave, Chicago, IL 60621 since 29 January 2023 and is currently estimated at $257,000, approximately $78 per square foot. 7228 S Wentworth Ave is a home located in Cook County with nearby schools including Harvard Elementary School and Chicago Sda Elementary School.

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