NOT LISTED FOR SALE

8923 Chestnut Ave River Grove, IL 60171

2 Beds
3 Baths
2,500 Sq Ft
9,409 Sq Ft Lot

Last Sold November 20, 2023

Last sale price $120,000 $48 Per Sq Ft

30 Days on Market

Highlights

  • 2 Car Detached Garage
  • River Grove School Rated 9+
  • Forced Air Heating System

About This Home

As of November 2023

Calling all visionaries - Investors, developers, and entrepreneurs, this is your invitation to shape the future of your portfolio! The moment is ripe for expansion and innovation. Your canvas? A remarkable property bursting with potential. Let your imagination roam: Maintain the current 2-unit property while savoring the expanse of an extra lot, reimagine with a fresh start by crafting your vision on both lots, or seize the ultimate synergy - renovate and concurrently cultivate a new property on the second lot. The stars have aligned to unveil an unparalleled opportunity. Chart your course for the years ahead, where the dividends of your plans await. Revel in the splendor of a beautifully reimagined home, or relish in the bounties of rental income from brand-new developments. Nestled for success, the location is a commuter's dream - whisk from O'Hare Airport to the heart of Downtown Chicago effortlessly. Enveloped by the allure of the Fashion Outlets of Chicago and the iconic Gene and Jude's, you grasp the strategic brilliance of this locale if you're in the know. While the treasure trove beckons, a limited vantage awaits your discovery. Connect with Oscar, the gatekeeper of this opportunity, to unveil the potential firsthand. Secure your entry with the execution of a hold harmless letter - your passport to explore. Your canvas, your masterpiece - the time to make your mark is now.

Last Agent to Sell the Property

Oscar Darden

DEI Realty LLC License #475200783 Listed on: 09/27/2023

Last Buyer's Agent

Barbara Kieca

Hometown Real Estate License #475153778

Hometown Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,651

Lot Details

  • 9,409

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Interior Spaces

  • 2,500 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 3 Full Bathrooms

Schools

  • River Grove Elementary School

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,651

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • LivingArea: 2500
  • Room Type: Kitchen
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick,Frame

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Unit - 1
  • Electric: Circuit Breakers
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: River Grove Elementary School
  • Middle/Junior School: River Grove Elementary School

Lot Info

  • Lot Dimensions: 9400
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 2650.78
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2023
Closed on
Nov 20, 2023
Sold by
Construction Rehab Services Ll
Bought by
500 North Wells Llc
Seller's Agent
Oscar Darden
DEI Realty LLC
Buyer's Agent
Barbara Kieca
Hometown Real Estate
List Price
$165,000
Sold Price
$120,000
Premium/Discount to List
-$45,000
-27.27%
Views
798
Source: Public Records
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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
500 North Wells Llc $120,000 Old Republic Title
Construction Rehab Services Ll $75,000 Chicago Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2023 11/20/23 Sold $120,000 -20.0% $48 / Sq Ft
10/28/2023 10/28/23 Pending -- -- --
10/14/2023 10/14/23 Price Changed $150,000 -9.1% $60 / Sq Ft
09/27/2023 09/27/23 For Sale $165,000 -- $66 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2025 $8,095 $45,500 $11,750 $33,750
2024 $8,095 $31,000 $9,870 $21,130
2023 $7,876 $31,000 $9,870 $21,130
2022 $7,876 $31,000 $9,870 $21,130
2021 $6,433 $23,105 $7,050 $16,055
2020 $6,258 $23,105 $7,050 $16,055
2019 $6,547 $27,056 $7,050 $20,006
2018 $6,098 $23,764 $6,110 $17,654
2017 $4,743 $23,764 $6,110 $17,654
2016 $5,914 $23,764 $6,110 $17,654
2015 $5,715 $22,163 $5,405 $16,758
2014 $5,527 $22,163 $5,405 $16,758
2013 $5,429 $22,163 $5,405 $16,758
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11895029

Midwest Real Estate Data (MRED)

APN: 12-27-221-018-0000