See Home Value
Chicago 60657 Lakeview
1234-40 W Melrose Street
$2,205,000 - $2,695,000
Land - Off Market

1234-40 W Melrose Street

Chicago, IL 60657
bedrooms
Studio
bathrooms
0 Bath
Sold Oct 02, 2023
$925,000
Seller
$1,456,988 by Old National Bank
Mortgage Due Jan 01, 2055
Sold Jul 31, 2023
$890,000
$667,000 by First Eagle Bank
Mortgage

About This Property

Large 54x127x86 lot. Extremely rare opportunity for an end user or developer looking for an amazing oversized lot to build in the perfect Southport Corridor location. Design & build your city estate / dream home just steps to Margaret Donahue park as well as Lakeview's best shops and restaurants. This huge parcel offers the opportunity to have an impressive amount of outdoor space and large yard in the city. 8,225 square feet, R4 zoning, restricted to single family home builds only. Parcels this large are hard to come by. Burley elementary.
Unit Size
-
Days on Market
-
Land Size
0.01 acres
Price per sqft
-
Property Type
Land
Property Taxes
$52
HOA Dues
-
Year Built
1967

Price History

Date / Event Date Event Price
Dec 23, 2023 No longer available -
No longer available
Oct 2, 2023 Sold to Kevin Igersheim $925,000
Sold to Kevin Igersheim
Sep 29, 2023 Price Decreased $2,450,000
↓ $3M (57.4%)
Price Decreased
Sep 14, 2023 Listed $5,750,000
Listed
Jul 31, 2023 Sold $890,000
Sold
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 430
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Industrial
  • Subdivision: ALTGELDS SUB
  • Land Acres: 0.1
  • Standard Land Use Code: Industrial (general)
  • Legal Description 1: JOHN P (ALTGELDS) SUB SEC 20-40-14

Ownership

  • Current Owner : IGERSHEIM KEVIN
  • Previous Owner : MALPF LLC
  • Owner Before Previous Owner: SCHOOL STREET RESIDENCES LLC
  • Ownership Rights Codes: unknown
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Mar 28, 2024

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 062300

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 73
  • Parcel: 14-20-327-017-0000
  • Lot: 44
  • Meridian: SEC 20 TWN 40N RNG 14E
  • Municipality: LAKE VIEW
  • Latitude: 41.9408
  • Longitude: -87.6605

    Address

  • Full Address: 1234 W Melrose St
  • Address - House Number: 1234
  • Street Direction: W
  • Address - Street Name: Melrose
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C028
  • 4-Digit Zip Code: 3218
  • Zip Code: 60657

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $619
  • Tax Rate Code Area: 73105

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,456,988
  • First Open Lien Mortgage Lender: OLD NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Dec 12, 2023
  • First Open Lien Mortgage Loan Amount: $1,456,988
  • First Open Lien Mortgage Term: 372
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2055

    Market Valuation

  • Market Total Value: $12,048
  • Market Land Value: $10,752
  • Market Improvement Value: $1,296

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,012
  • Assessed Land Value: $2,688
  • Assessed Improvements Value: $324

    Sales

  • Current Sale Contract Date: Aug 14, 2023
  • Current Sale Recording Date: Oct 02, 2023
  • Current Sale Transaction ID: 11913908697
  • Current Sale Price: $925,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 10082
  • Previous Sale Recording Date: Jul 31, 2023
  • Previous Sale Contract Date: Jul 20, 2023
  • Previous Sale Amount: $890,000
  • Previous Sale Document Type: Special Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: FIRST EAGLE BANK
  • Previous Mortgage Transaction Date: Jul 31, 2023
  • Previous Mortgage Loan Amount: $667,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4.5 Baths
6,300 ft²
$413/ft²
$2,599,000 Jun 1, 2023
-
-
House
6 Beds
7 Baths
7,800 ft²
$358/ft²
$2,795,000 Aug 21, 2023
-
$4,775/mo

About North Side


Similar Homes for Sale

Unit for sale at 2636 North Seminary Avenue, Chicago-Lincoln Park, IL 60614

$2,599,000

  • 4 Beds
  • 4.5 Baths
  • 6,300 ft²
2636 North Seminary Avenue, Chicago-Lincoln Park, IL 60614 Listing by Jennifer Ames

Nearby Rentals

Unit for rent at 520 W Stratford Place, CHICAGO, IL, 60657

$1,335 /mo

  • 1 Bed
  • 1 Bath
520 W Stratford Place #301, CHICAGO, IL, 60657 Listing by Joshua Berngard
Unit for rent at 910 W Dakin Street, Chicago, IL, 60613

$1,263 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
910 W Dakin Street #112, Chicago, IL, 60613 Listing by Funsho Macaulay
Unit for rent at 445 W Barry Avenue, Chicago, IL, 60657

$1,450 /mo

  • Studio
  • 1 Bath
445 W Barry Avenue #323, Chicago, IL, 60657 Listing by Funsho Macaulay


Frequently Asked Questions

When was property at 1234 West Melrose Street built and last sold?
The property at 1234 West Melrose Street was built in 1967 and last sold on Aug 14, 2023 for $925,000.
How much is this home worth?
The estimated value of the home located at 1234 West Melrose Street is $2,474,500.
What are some comparable homes to 1234 West Melrose Street?
Homes that are comparable to 1234 West Melrose Street include a house property at 2636 North Seminary Avenue, 3828 North Janssen Avenue, which are both great to check out.

Quantcast