See Home Value
Chicago 60657 Lakeview
1238 W Melrose Street
$923,000 - $1,127,000
Land - Off Market

1238 W Melrose Street

Chicago, IL 60657
bedrooms
Studio
bathrooms
0 Bath
Sold Dec 06, 2012
$4,060,000

About This Property

This is a great opportunity for those looking for an oversized lot in the Southport Corridor. The lot is extra wide at 27x127 with R4 zoning, restricted to single-family home builds only. Design and build your dream home steps away from Margaret Donahue park and some of the best shops and restaurants in Southport and Lakeview. Moreover, if you combine lots 11 and 12, you can make an 8,225 sf lot to build your city estate. This lot is located in the Burley school district.
Unit Size
-
Days on Market
-
Land Size
0.01 acres
Price per sqft
-
Property Type
Land
Property Taxes
$52
HOA Dues
-
Year Built
1988

Price History

Date / Event Date Event Price
Dec 23, 2023 No longer available -
No longer available
Sep 28, 2023 Price Decreased $1,025,000
↓ $64K (5.9%)
Price Decreased
Sep 14, 2023 Listed $1,089,000
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 0
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,100
  • 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: Commercial
  • Subdivision: JOHN P ALTGELDS
  • Land Acres: 0.278
  • Standard Land Use Code: Commercial building

Ownership

  • Current Owner : ACADIA CHICAGO LLC
  • Previous Owner : L I PORTFOLIO HOLDINGS LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: C1-2

Geography

  • District: 73
  • Parcel: 14-20-331-060-0000
  • Lot: 77-80
  • Municipality: LAKE VIEW
  • Latitude: 41.9401
  • Longitude: -87.6606

    Address

  • Full Address: 1238 W Belmont Ave
  • Address - House Number: 1238
  • Street Direction: W
  • Address - Street Name: Belmont
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C079
  • 4-Digit Zip Code: 3207
  • Zip Code: 60657

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $101,255
  • Tax Rate Code Area: 73115

    Market Valuation

  • Market Total Value: $1,915,528
  • Market Land Value: $726,000
  • Market Improvement Value: $1,189,528

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $478,882
  • Assessed Land Value: $181,500
  • Assessed Improvements Value: $297,382

    Sales

  • Current Sale Contract Date: Nov 20, 2012
  • Current Sale Recording Date: Dec 06, 2012
  • Current Sale Transaction ID: 1083499328
  • Current Sale Price: $4,060,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 1234133091



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$999,000 Sep 14, 2023
-
$50/mo
Commercial
Loft
-
-
$1,200,000 May 16, 2023
-
$1,150/mo
Multifamily
4 Beds
3.5 Baths
-
$1,099,888 Jun 1, 2023
-
$250/mo
House
3 Beds
2 Baths
1,940 ft²
$541/ft²
$1,050,000 Sep 21, 2023
-
$1,300/mo
House
4 Beds
3.5 Baths
-
$1,150,000 Jul 10, 2023
-
$1,776/mo
Multifamily
6 Beds
-
-
$1,150,000 Jul 20, 2023
-
$992/mo
Multifamily
3 Beds
2.5 Baths
2,074 ft²
$554/ft²
$1,150,000 Sep 19, 2023
-
$1,056/mo
Multifamily
4 Beds
3 Baths
3,400 ft²
$294/ft²
$1,000,000 Aug 2, 2023
-
$1,940/mo
Multifamily
5 Beds
-
-
$999,900 May 4, 2023
-
$1,341/mo
House
4 Beds
3.5 Baths
-
$1,199,000 May 30, 2023
-
$375/mo
House
6 Beds
4.5 Baths
5,500 ft²
$218/ft²
$1,200,000 Jun 14, 2023
-
$2,363/mo
House
4 Beds
2.5 Baths
-
$1,225,000 May 23, 2023
-
$275/mo

About North Side


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Frequently Asked Questions

When was property at 1238 West Melrose Street built and last sold?
The property at 1238 West Melrose Street was built in 1988 and last sold on Nov 20, 2012 for $4,060,000.
How much is this home worth?
The estimated value of the home located at 1238 West Melrose Street is $1,035,250.
What are some comparable homes to 1238 West Melrose Street?
There are currently no comparable homes to 1238 West Melrose Street.

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