NOT LISTED FOR SALE

7240 W Devon Ave Chicago, IL 60631

Edison Park Neighborhood

Estimated Value: $4,416,001

-- Bed
2 Baths
-- Sq Ft
0.37 Acres

About This Home

This home is located at 7240 W Devon Ave, Chicago, IL 60631 and is currently estimated at $4,416,001. 7240 W Devon Ave is a home located in Cook County with nearby schools including Ebinger Elementary School, Taft High School, and Immaculate Conception School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2025
Sold by
7240 W Devon Avenue Llc
Bought by
Wit Properties 7240 Llc
Current Estimated Value
$4,416,001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,689,000
Outstanding Balance
$2,682,204
Interest Rate
6.89%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,733,797

Purchase Details

Closed on
Jul 6, 2021
Sold by
Devon Investment Partners Llc
Bought by
7240 W Devon Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 20, 2012
Sold by
Series Y Of Ibt Holdings Llc
Bought by
Devon Investment Partners Llc

Purchase Details

Closed on
Oct 3, 2012
Sold by
Finco Donald
Bought by
Series Y Of Ibt Holdings Llc

Purchase Details

Closed on
Dec 12, 2007
Sold by
Belpedio Louis
Bought by
Belstav Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,990,000
Interest Rate
5.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 23, 2005
Sold by
Belpedio Louis
Bought by
Belstav Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
5.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 20, 2005
Sold by
Finco Donald Anthony and Finco Gloria Carol
Bought by
Belpedio Louis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
5.93%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Wit Properties 7240 Llc $3,841,500 Greater Illinois Title
7240 W Devon Avenue Llc $4,000,000 Greater Illinois Title
Devon Investment Partners Llc $1,100,000 None Available
Series Y Of Ibt Holdings Llc -- None Available
Belstav Development Inc -- Multiple
7240 W Devon Llc $1,200,000 Multiple
Belstav Development Inc -- --
Belpedio Louis $1,050,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wit Properties 7240 Llc $2,689,000
Previous Owner 7240 W Devon Avenue Llc $2,800,000
Previous Owner 7240 W Devon Llc $2,990,000
Previous Owner Belpedio Louis $840,000
Source: Public Records

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 $44,041 $168,300 $48,930 $119,370
2023 $42,933 $208,737 $29,358 $179,379
2022 $42,933 $208,737 $29,358 $179,379
2021 $41,975 $208,734 $29,358 $179,376
2020 $27,428 $123,121 $29,358 $93,763
2019 $24,737 $123,121 $29,358 $93,763
2018 $24,321 $123,121 $29,358 $93,763
2017 $21,527 $100,001 $25,688 $74,313
2016 $20,029 $100,001 $25,688 $74,313
2015 $18,325 $100,001 $25,688 $74,313
2014 $10,055 $54,195 $25,688 $28,507
2013 $16,546 $90,974 $64,220 $26,754
Source: Public Records

Map

Illinois Cook County Chicago 60631 Edison Park

7240 W Devon Ave, Chicago, IL

This home is located at 7240 W Devon Ave, Chicago, IL 60631 and is currently estimated at $4,416,001. 7240 W Devon Ave is a home located in Cook County with nearby schools including Ebinger Elementary School, Taft High School, and Immaculate Conception School.

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.

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