See Home Value
$3,480,000
● Land - Off Market

2501 W Thomas Street

Chicago, IL 60622
bedrooms
Studio
bathrooms
0 Bath
$16,450
Est. Monthly

About This Property

The subject consists of 7 platted lots including a vacated alley that runs parallel to Thomas and Cortez. The parcel is improved with a high, one-story church built in 1962 with 22' clear ceiling height. (The church is built on top of portion of the vacated alley) and a vintage, 2 1/2 story, greystone rectory. This parcel is the block-end of W. Thomas St., N. Campbell Ave & W. Cortez St. which allows for so much exterior light quite a bright spot in a high-demand area improved mainly with 100+yo two & three-flats and single-family homes with much in-fill construction as well as property renovation activity in the West Town Community Area on Chicago's near NW side - adjacent to Wicker Park, Humboldt Park & Ukrainian Village neighborhoods. The site is also zoned favorably in the RT4 class.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1912

Payment Calculator

Cap Rate Calculator

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1912
  • Effective Year Built: 1912
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 34
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 300
  • Living Units: 12
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,552
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LEHMERS SUB
  • Land Acres: 0000000127
  • Standard Land Use Code: 1112
  • County Land Use Code: 3-15
  • Legal Description 1: JOHN (PREUSS) RESUB OF LTS 1-4 & 7-12 ALL IN LEHMERS SUB OF SH SH WH NE SE SEC 01-39-13

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 242300

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 16-01-414-020-0000
  • Block: 3
  • Lot: 1-4
  • Meridian: SEC 01 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.9
  • Longitude: -87.6896

    Address

  • Full Address: 2501 W Cortez St
  • Address - House Number: 2501
  • Street Direction: W
  • Address - Street Name: Cortez
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Zip Code: 60622

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,753,875
  • Tax Rate Code Area: 77001

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 640,229
  • High Value: 736,862
  • Low Value: 543,595

    Market Valuation

  • Market Total Value: $852,720
  • Market Land Value: $101,320
  • Market Improvement Value: $751,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,272
  • Assessed Land Value: $10,132
  • Assessed Improvements Value: $75,140

    Sales

  • Current Sale Contract Date: May 05, 2014
  • Current Sale Recording Date: May 15, 2014
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1413522004
  • Previous Sale Recording Date: Sep 05, 1996
  • Previous Sale Contract Date: Aug 08, 1996
  • Previous Sale Amount: $245,000
  • Previous Sale Document Type: 69
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Northwest Side


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2120 W Race Avenue, Chicago, IL, 60612

$7,500 /mo

  • 3 Beds
  • 2 Baths
  • 3,400 ft²
2120 W Race Avenue, Chicago, IL, 60612 Listing by Kelly Parker
Unit for rent at 1351 W Altgeld Street, Chicago, IL, 60614

$6,500 /mo

  • 2 Beds
  • 2 Baths
  • 2,000 ft²
1351 W Altgeld Street #1J, Chicago, IL, 60614 Listing by Megan Honda
Unit for rent at 2156 W Hubbard Street, Chicago, IL, 60612

$5,500 /mo

  • 2 Beds
  • 3 Baths
  • 2,893 ft²
2156 W Hubbard Street, Chicago, IL, 60612 Listing by Michael Hall


Frequently Asked Questions

When was property at 2501 West Thomas Street built and last sold?
The property at 2501 West Thomas Street was built in 1912 and last sold on May 5, 2014 for $1,250,000.
How much is this home worth?
The estimated value of the home located at 2501 West Thomas Street is $0.
What are some comparable homes to 2501 West Thomas Street?
There are currently no comparable homes to 2501 West Thomas Street.