$250,000
SOLD NOV 22, 2024
5 Beds
3 Baths
2,970 Sq Ft
9,670 Sq Ft Lot

Recently Sold

$84 Per Sq Ft

7% Below List Price

19 Days on Market

Highlights

  • 8 Car Direct Access Garage
  • Forced Air Heating System
  • 3-minute walk to Virginia Reed Park
  • River Valley School Rated A-

About This Home

As of November 2024

Incredibly opportunity! One of the most recognized historic buildings in Lemont. Originally built in 1880 and one of the first grocery stores in town, Merkes Grocery. Rich in history, this architecturally significant building is looking for a new owner to restore it to its original splendor. Prime location and exceptional visibility on heavily traveled STATE street. Currently zones Residential, potential commercial space on first floor and apartment on second floor. Property is for a buyer with a vision. Off street parking adds to the potential uses for the space/location. Endless possibilities for this property. SOLD AS-IS

Last Agent to Sell the Property

Christine Wilczek & Jason Bacza

Realty Executives Elite License #471013023 Listed on: 08/22/2024

Realty Executives Elite

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,000

Year Built

  • Built in 1880

Lot Details

  • Lot Dimensions are 60x160

Home Design

  • Flat Roof Shape
  • Stone Foundation

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Basement Cellar

Parking

  • 8 Car Direct Access Garage
  • Alley Access
  • Driveway
  • On-Street Parking
  • Uncovered Parking
  • Off-Street Parking
  • Off Alley Parking
  • Parking Included in Price
  • Unassigned Parking

Schools

  • Lemont Twp High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,000

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1880
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Cellar,Exterior Access
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 1
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Foundation Details: Stone
  • List Price: 269900
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Masonite,Limestone,Other

Garage/Parking

  • Parking Features: Unassigned, Off Alley, Off Street, Side Apron, Driveway, Alley Access, Direct Access
  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Schools

  • High School: Lemont Twp High School
  • Middle/Junior School District: 113A

Lot Info

  • Lot Dimensions: 60X160
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 7000.24
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat,3 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2024
Closed on
Nov 1, 2024
Sold by
Edward Abromaitis Trust and Abromaitis Edward
Bought by
Edward Abromaitis Trust and Chicago Title Land Trust
Seller's Agent
Christine Wilczek & Jason Bacza
Realty Executives Elite
Buyer's Agent
Non Member
NON MEMBER
List Price
$269,900
Sold Price
$250,000
Premium/Discount to List
-$19,900
-7.37%
Views
90
Current Estimated Value
$251,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,500
Avg. Annual Appreciation
-1.14%
Original Mortgage
$287,000
Outstanding Balance
$285,962
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
-$37,962

Purchase Details

Closed on
Oct 1, 2004
Sold by
Abromaitis Edward
Bought by
Abromaitis Edward and Edward Abromaitis 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 Type Sale Price Title Company
Deed $250,000 Chicago Title
Deed $250,000 Chicago Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $287,000 New Conventional
Closed $287,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2024 11/22/24 Sold $250,000 -7.4% $84 / Sq Ft
09/10/2024 09/10/24 Pending -- -- --
08/22/2024 08/22/24 For Sale $269,900 -- $91 / 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 $7,000 $37,001 $6,038 $30,963
2023 $5,828 $37,001 $6,038 $30,963
2022 $5,828 $27,425 $5,313 $22,112
2021 $5,670 $27,424 $5,313 $22,111
2020 $5,784 $27,424 $5,313 $22,111
2019 $5,114 $25,538 $5,313 $20,225
2018 $5,028 $25,538 $5,313 $20,225
2017 $4,967 $25,538 $5,313 $20,225
2016 $4,429 $21,256 $4,347 $16,909
2015 $4,465 $21,256 $4,347 $16,909
2014 $4,521 $21,256 $4,347 $16,909
2013 $4,820 $23,835 $4,347 $19,488
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12144787

Midwest Real Estate Data (MRED)

APN: 22-29-224-001-0000