NOT LISTED FOR SALE

8048 W 111th St Palos Hills, IL 60465

Estimated Value: $616,000

-- Bed
-- Bath
3,407 Sq Ft
$181/Sq Ft Est. Value

About This Home

Palos Hills a unique opportunity to acquire vacant land situated at the busy intersection of Roberts Rd and 111th Street in Palos Hills. This strategically located site benefits from previously developed infrastructure, including: In-place utilities: electricity, gas, sewer, and city water. Existing curb, gutter, and sidewalk. established drive approaches The prime location offers excellent visibility and accessibility, making it ideal for various commercial uses. Zoning permits a wide range of possibilities, including: Convenience store Sit-down restaurant, with second level apartments for the owner. Also, great potential. with combining adjacent property. Please see the listening 11050 S Roberts Rd MLS # 12295882.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2021
Sold by
Chicago Title Land Trust Company
Bought by
Hong Min Chinese Restaurant Llc
Current Estimated Value
$616,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
2.7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Hong Min Chinese Restaurant Llc $430,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hong Min Chinese Restaurant Llc $365,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2025 05/30/25 For Sale $599,500 -- --

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 $26,880 $34,877 $34,877 --
2023 $33,438 $107,500 $87,192 $20,308
2022 $33,438 $107,500 $87,192 $20,308
2021 $31,188 $107,499 $87,192 $20,307
2020 $36,219 $129,466 $87,192 $42,274
2019 $34,868 $127,763 $72,660 $55,103
2018 $33,181 $127,763 $72,660 $55,103
2017 $32,311 $127,763 $72,660 $55,103
2016 $33,060 $120,947 $65,394 $55,553
2015 $32,672 $120,947 $65,394 $55,553
2014 $32,279 $120,947 $65,394 $55,553
2013 $28,685 $114,986 $65,394 $49,592
Source: Public Records

Agents Affiliated with this Home

  • Valdy Biernacki

    Seller's Agent in 2025

    Valdy Biernacki

    Realty Executives

    (773) 603-9557

    7 in this area

    33 Total Sales

    Valdy Biernacki
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Map

Illinois Cook County Palos Hills 60465

8048 W 111th St, Palos Hills, IL

Not Listed for Sale

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