NOT LISTED FOR SALE

Estimated Value: $199,000

0.14 Acre
$1,421,429 Price per Acre
6,098 Sq Ft Lot

Last Sold December 15, 2022

Last sale price $98,500

Est. 102% increase in value since last sale

Current estimated payment $1,329/month

64 Days on Market

About This Lot

As of December 2022

Up and coming commercial vacant land, in a busy Kedzie/Cermark retail corridor. Vacant land parcel in Little Village. 7 continuous lots, land dimensions of 175x125. Total land square feet 21,875 square feet, ideal NNN corporate tenant development. Land also available for ground lease or build to suit. Drive by today! Bring your business and/or development ideas!

Last Agent to Sell the Property

Alexander Stoyanov

Goldbay Advisors Inc. License #471018986 Listed on: 09/13/2022

Last Buyer's Agent

Neil Haleem

Network Property Managment LLC License #471010714

Property Details

Property Type

  • Land

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 175x125
  • Property is zoned COMMR

Utilities

  • Electricity To Lot Line
  • Gas Available

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Commercial, Retail
  • Road Surface Type: Asphalt
  • General Information: None
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Description: None
  • Basement Bathrooms: No

Exterior Features

  • Frontage Length: 175
  • Frontage Type: City Street
  • List Price: 149900
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0

Utilities

  • Utilities: Electric to Site, Gas to Site

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 175X125
  • Zoning: COMMR
  • Lot Size: .25-.49 Acre
  • Special Assessments: N
  • Estimated Land Sq Ft: 21875

Rental Info

  • Board Number: 10
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 16757
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2022
Closed on
Dec 15, 2022
Sold by
Abadi 3 Llc
Bought by
Cermak & Kedzie Property Llc
Seller's Agent
Alexander Stoyanov
Goldbay Advisors Inc.
Buyer's Agent
Neil Haleem
Network Property Managment LLC
List Price
$149,900
Sold Price
$98,500
Premium/Discount to List
-$51,400
-34.29%
Current Estimated Value
$199,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,500
Avg. Annual Appreciation
27.99%

Purchase Details

Closed on
Sep 30, 2020
Sold by
Redus One Llc
Bought by
Abadi 3 Llc

Purchase Details

Closed on
Dec 12, 2019
Sold by
Wells Fargo Bank Na
Bought by
Redus One Llc

Purchase Details

Closed on
Sep 25, 2019
Sold by
Duckys Kedzie Llc
Bought by
Wells Fargo Bank National Association

Purchase Details

Closed on
Jun 30, 2010
Sold by
Chartered Enterprises Rockford Llc
Bought by
Duckys Kedzie Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,225,000
Interest Rate
1.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2006
Sold by
Kedzie Oasis Car Wash Llc
Bought by
Chartered Enterprises Rockford Llc

Purchase Details

Closed on
Dec 19, 2003
Sold by
Blassios Betty
Bought by
Kedzie Oasis Car Wash Llc

Purchase Details

Closed on
Oct 3, 1996
Sold by
Mumford Phil
Bought by
A M Investments Co
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 Buyer Sale Price Title Company
Cermak & Kedzie Property Llc $98,500 First American Title
Abadi 3 Llc $75,000 First American Title
Redus One Llc -- Attorney
Wells Fargo Bank National Association -- Attorney
Duckys Kedzie Llc $1,000,000 Cti
Chartered Enterprises Rockford Llc $1,500,000 Cti
Kedzie Oasis Car Wash Llc $300,000 --
A M Investments Co -- --
A M Investments Co -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Duckys Kedzie Llc $1,225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2022 12/15/22 Sold $98,500 -34.3% --
11/17/2022 11/17/22 Pending -- -- --
11/10/2022 11/10/22 For Sale $149,900 0.0% --
10/13/2022 10/13/22 Pending -- -- --
09/13/2022 09/13/22 For Sale $149,900 -- --
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 $3,324 $7,813 $7,813 --
2023 $3,241 $15,700 $15,700 --
2022 $3,241 $15,703 $15,703 $0
2021 $4,324 $21,433 $21,375 $58
2020 $6,537 $29,246 $28,515 $731
2019 $7,790 $38,644 $28,515 $10,129
2018 $7,658 $38,644 $28,515 $10,129
2017 $8,080 $37,406 $24,609 $12,797
2016 $8,613 $43,004 $24,609 $18,395
2015 $7,880 $43,004 $24,609 $18,395
2014 $6,173 $33,270 $24,609 $8,661
2013 $6,051 $33,270 $24,609 $8,661
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 11628036

Midwest Real Estate Data (MRED)

APN: 16-23-428-017-0000